profit from every $100 of sales.
$0$100
FTC Solar
$1.05-12.86% today
-90.5% in 1 year
1-year low $1.051-year high $12.50
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What FTC Solar sold, what it kept, and what it did with the cash.
Sales went from $123 million in 2022 to $99.7 million in 2025, with -$79.6 million of profit last year.
SalesProfit
FTC Solar vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| FTC Solar | No profit yet | ||
 First Solar | 12.1× · Cheap | ||
 Tongwei Co.,Ltd | No profit yet | ||
 Jinko Solar | No profit yet | ||
 CSI Solar | 29.2× · Fair price |
AI analysis
An AI analyst reads FTC Solar's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 123 | 127 | 47 | 100 | |
| -27 | 8 | -13 | -1 | |
| -100 | -51 | -53 | -35 | |
| -97 | -49 | -46 | -70 | |
| -100 | -50 | -49 | -80 | |
| -9.80 | -4.35 | -3.83 | -5.49 | |
| -22.1% | 6.5% | -26.6% | -0.9% | |
| -80.9% | -40.0% | -111.6% | -35.5% | |
| -80.9% | -39.6% | -102.6% | -79.8% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 134 | 123 | 90 | 112 |
| Cash | 44 | 25 | 11 | 21 |
| Total debt | 1 | 2 | 11 | 24 |
| Total liabilities | 68 | 61 | 71 | 155 |
| 66 | 62 | 19 | -43 | |
| 10 | 12 | 13 | 14 | |
| -114.7% | -61.9% | -127.0% | – | |
| -149.9% | -80.5% | -255.3% | 185.2% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -55 | -53 | -35 | -33 | |
| 1 | 1 | 2 | 1 | |
| -55 | -53 | -36 | -35 | |
| Dividends paid | – | – | – | – |
| 0 | 0 | – | – | |
| 20 | 8 | 5 | 5 |
Valuation
- –
- –
- –
- -12.5×
- 0.2×
- –
- –
- -191.2%
- -440.2%
- 0.0%
Profitability
- -0.9%
- -35.5%
- -79.8%
- -53.0%
- -79.1%
- 147.0%
- 316.8%
- -41.4%
- -101.5%
- 4.8%
Growth
- −6.8%
- –
- +4.9%
- –
- +13.0%
Financial health
- –
- -3.75
- 23.5%
- -3.3×
- 1.32
- 1.17
- 0.98
How it ranks in Energy
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 1%of 467
Bottom 1%of 466
Bottom 29%of 461
What analysts expect
- Average price target
- $13.33
- Range
- $10.00 – $20.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 5, 2026 | -0.67 | -0.41 | −63.4% |
| Mar 5, 2026 | -2.23 | -0.26 | −755.8% |
| Nov 12, 2025 | -0.36 | -0.50 | +28.0% |
| Aug 5, 2025 | -0.86 | -0.64 | −34.4% |
| May 1, 2025 | -0.84 | -0.67 | −25.4% |
| Mar 31, 2025 | -0.80 | -0.83 | +3.6% |
| Nov 12, 2024 | -1.00 | -0.80 | −25.0% |
| Aug 8, 2024 | -0.90 | -0.90 | +0.0% |
News
PowerBank cuts solar project debt by 14% in CA$25.4M refinancingSeeking Alpha · Oct 26, 2026China’s proposed solar curbs raise stakes for overseas manufacturersSeeking Alpha · Oct 18, 2026Better Energy ETF: Global X's MLPX Targeting Oil and Gas Infrastructure vs. Invesco's Solar-Focused TANYahoo Finance · Oct 11, 2026First Solar leads big solar sector drop as high borrowing costs threaten project financingSeeking Alpha · Sep 24, 2026South Korean solar stocks jump as curbs on Chinese sector expected to remain in placeCNBC · Sep 23, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
35No pass
Benjamin Graham
18No pass
Philip Fisher
31No pass
Peter Lynch
2No pass
Joel Greenblatt
2No pass
Charlie Munger
22No pass
Terry Smith
20No pass
Questions about FTC Solar
Is FTC Solar a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the FTC Solar AI analysis
What does FTC Solar do?
FTC Solar, Inc. provides solar tracker systems, technology, software, and engineering services in the United States, Vietnam, and internationally. It offers two-panel in-portrait single-axis tracker solutions under the Voyager brand name. It is in Solar.
Does FTC Solar pay a dividend?
No. FTC Solar does not pay a dividend at the moment.
Is FTC Solar stock halal?
No. FTC Solar does not pass our halal screen: its debt is 114% of its market value, at or above the 33% limit. How we check
How has FTC Solar stock done over the past year?
Down 90.5% over the past twelve months, to $1.05. It traded between $1.05 and $12.50 and is 91.6% below its high.
Who are FTC Solar's competitors?
The largest listed companies in the same industry are First Solar, Tongwei Co.,Ltd, Jinko Solar and CSI Solar. The peers table on this page compares their profit, growth and price with FTC Solar's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.