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Financial distress

FTC Solar

NAQ:FTCI · US30320C3016
Electrical EquipmentSmall

360

18
Profit price59
Owner Earnings Yield1
Dividend Yield1
Price/Sales93
EV / Gross Profit3
Price/Book95
Return on Capital3
Cash Return on Capital1
EBIT Margin18
Gross Profitability9
Accruals66
Owner Earnings Margin16
Sales growth87
Profit growth23
Reinvestment91
Price momentum19
Debt load3
Refinancing99
Debt Payback1
Liquidity39
Analyst ratings75
Opinion Changes50
Price Target Upside82
Market mood12
Value Creation6/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

FTC Solar doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryUSA
IndustryElectrical Equipment
SizeSmall
TypePublic Company
ExchangeNASDAQCM
Founded2017
Employees197
ISINUS30320C3016
Last UpdateApr 2, 2026
Themes
Clean EnergyClimateTechUtility Scale SolarCleanTechEnergyEnergy EfficiencySolar

Description

FTC Solar, Inc. (FTC Solar).is a global provider of solar tracker systems, supported by proprietary software and value-added engineering services. The company's original two modules-in-portrait (2P) solar tracker system is marketed under the Voyager…

Analysis

Weak and unloved

FTC Solar, Inc. is weak and unloved: below-average business metrics and a price that reflects that disappointment.

Valuation data is not available for this company.

The trajectory is moderate and the balance sheet is stretched. The company scores 6/20 on our value-creation score: not creating value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
66
2023202420252026

All-time high

93

Mar 2026

All-time low

40

Jan 2025

Average rank

73

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
93
89
85
85
Price/Earnings
85
76
76
25
Price/Book
95
55
74
42
Dividend Yield
1
1
1
1
Value (overall)
92
41
57
45

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →