These Analysts Cut Their Forecasts On FTC Solar After Q4 Results
Portfolio Pulse from Avi Kapoor
FTC Solar, Inc. (NASDAQ:FTCI) reported Q4 results with a slight miss on EPS and a slight beat on revenue. Following the results, analysts from HC Wainwright & Co. and Roth MKM adjusted their price targets and ratings on FTCI, with HC Wainwright maintaining a Buy rating but lowering the target from $2.5 to $1.5, and Roth MKM downgrading the stock to Neutral and setting a target of $0.45. The company is also in the process of searching for a new CEO.
March 14, 2024 | 12:45 pm
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FTC Solar reported mixed Q4 results, slight miss on EPS, beat on revenue. Analysts adjusted price targets and ratings, with a notable downgrade and target cut. The company is actively searching for a new CEO.
The mixed Q4 results, combined with the adjustments in analyst ratings and price targets, particularly the downgrade by Roth MKM, suggest a negative short-term impact on FTCI's stock price. The ongoing CEO search adds uncertainty, potentially affecting investor sentiment.
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