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StockVS

NASDAQ · Solar · USD

FTC Solar, Inc. (FTCI) Stock Analysis

FTC Solar, Inc. (FTCI) is a Solar stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

FTCI

$1.46

+$0.01 (+0.69%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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FTCI Key Statistics

As of Oct 21, 2026
Trading
Open
$1.45
Previous Close
$1.45
Day's Range
1.42–1.48
52-Week Range
1.42–12.75
Volume
212.86K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.77
Valuation
Market Cap
$24.12M
P/E Ratio
unprofitable
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
0.24
EPS (ttm)Profit attributable to each share over the last twelve months.
−5.64
Financials (FY)
Revenue (FY)
$99.69M+110.51%
Net Income (FY)
−$79.58M
Profit marginThe share of revenue left as profit after all costs and taxes.
−53.61%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
16.52M
1-Year Return
−82.62%
Dividend and dates
Earnings Date
November 4, 2026
Avg Volume
332.06K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, FTCI closed at $1.46, −82.62% over 1 year.

FTC Solar, Inc. (FTCI) has a market capitalization of $24.12M.

In fiscal 2025, FTCI reported revenue of $99.69M.

FTCI Stock Return by Calendar Year

FTC Solar, Inc. (FTCI) return since Apr 2021: what $10,000 became

1 year
$10,000 $1,738
−82.62%
5 years
$10,000 $187
−98.13%
Since Apr 2021
$10,000 $102
−98.98%

If you had invested $10,000 in FTC Solar, Inc. (FTCI) at the close on April 28, 2021, the earliest close on record here, it would have been worth $102 at the close on October 21, 2026: −98.98% in total, −56.65% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−86.62%
2025+98.00%
2024−20.49%
2023−74.14%
2022−64.55%
2021 (partial year)−46.98%

As of October 21, 2026.

FTCI Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$99.69M−$79.58M−79.8%
2024$47.36M−$48.61M−102.6%
2023$127.00M−$50.29M−39.6%
2022$123.07M−$99.61M−80.9%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$99.69M−$880.00K−$35.42M−$79.58M−79.8%
2024$47.36M−$12.59M−$52.83M−$48.61M−102.6%
2023$127.00M$8.31M−$50.78M−$50.29M−39.6%
2022$123.07M−$27.23M−$99.57M−$99.61M−80.9%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

FTCI Valuation vs Solar Median

Median of 22 stocks
MetricFTCISolar medianvs median
P/S ratio0.240.4851% below
Profit margin−53.61%−3.77%49.8 pts below

Medians across 22 Solar stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 17 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

FTC Solar, Inc. (FTCI) carries a market capitalisation of $24.12M. The company sits in the Technology sector, in the Solar industry. The company reports 232 employees.

The 52-week range on file runs from $1.42 to $12.75. The most recent close on file for FTCI is $1.46, dated October 21, 2026. That is +$0.01 (+0.69%) against the previous close. The latest close sits 2.82% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $99.69M. That is +110.51% against the prior fiscal year, when revenue was $47.36M. The same year closed with a net loss of $79.58M. Profit margin runs at −53.61%. That is 49.8 percentage points below the Solar median of −3.77%. Trailing earnings per share are −5.64.

Across the 4 fiscal years on file, revenue moves from $123.07M in 2022 to $99.69M in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. Measured against sales, the shares trade at 0.24 times revenue. On price-to-sales that is 51.17% below the Solar median of 0.48. The medians here are taken across 22 Solar companies that report the metric.

Over the trailing twelve months the total return is −82.62%. Across 5 years the annualized return works out at −54.89%. The reported beta is 1.77. Annualized volatility over the trailing 5 years is 119.85%.

Growth & Income

No dividend is on file for FTCI.

2026 is still running; the total return is −86.62% year to date. The strongest complete calendar year on file is 2025 at +98.00%; the weakest is 2023 at −74.14%. Of the 4 complete calendar years on file, 1 finished higher.

Peer Comparison

FTC Solar, Inc. (FTCI) operates in the Solar industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
FTC Solar, Inc. FTCI $24.12M —
First Solar, Inc. FSLR $18.79B 10.8
Nextpower Inc. NXT $12.56B 21.1
Enphase Energy, Inc. ENPH $4.23B 32.0

The Solar industry average P/E ratio is 14.2x. FTC Solar, Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About FTC Solar, Inc.

FTC Solar, Inc. engages in the manufacture and service of solar tracker systems in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company provides a two modules-in-portrait solar tracker system under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name. It also offers trackers and software solutions for the utility-scale solar energy markets, as well as for the project developers, solar asset owners, and engineering, procurement, and construction contractors that design and build solar energy projects. It also produces steel. The company was incorporated in 2017 and is headquartered in Austin, Texas.

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