HC Wainwright & Co. Maintains Buy on FTC Solar, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Amit Dayal maintains a Buy rating on FTC Solar (NASDAQ:FTCI) but lowers the price target from $2.5 to $1.5.

March 14, 2024 | 11:53 am
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NEUTRAL IMPACT
FTC Solar's price target was lowered from $2.5 to $1.5 by HC Wainwright & Co., although the Buy rating was maintained.
The reduction in price target could have a mixed impact on FTC Solar's stock price. On one hand, the lowered price target might suggest a tempered outlook on the company's future performance, potentially leading to negative sentiment among investors. On the other hand, maintaining a Buy rating indicates a positive view on the company's long-term prospects. The net effect on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100