Despite Weak Guidance, Analysts Project Healthy Upside for FTC Solar (FTCI) Stock

FTC Solar, Inc. (NASDAQ:FTCI)  is one of the 10 Best High-Risk Penny Stocks to Buy Right Now. On March 9, Roth Capital analyst Philip Shen lowered the firm’s price target on FTC Solar, Inc. (NASDAQ:FTCI) from $15 to $10 while keeping a Buy rating. The firm’s adjusted price target still reflects an impressive 116% upside from the current levels. The analyst highlighted that the company reported fourth-quarter revenue, which was in line with expectations, along with stronger-than-expected EBITDA and margins. The firm attributed the 38% decline in the stock since March 5 to what it described as weak first-quarter guidance and a 2026 outlook that falls short of consensus expectations. Despite these concerns, the firm noted that the recent covenant default is not a major issue and expects the company to return to compliance in the short term.

In addition to Roth Capital, TD Cowen also cut its price target on FTC Solar, Inc. (NASDAQ:FTCI) on March 6. Jeff Osborne from TD Cowen lowered the firm’s price target on the stock from $12.5 to $8 while maintaining a Buy rating. In its updated model, the firm said that the stock likely declined due to liquidity concerns related to a technical covenant default. Additionally, guidance for the first quarter of 2026 came in lighter than expected, which also contributed to the decline. These factors have overshadowed the company’s near EBITDA breakeven and record margin, which otherwise remain positive indicators of its underlying operational strength.

FTC Solar, Inc. (NASDAQ:FTCI) is involved in the service and manufacture of solar tracker systems across the Middle East, Australia, Europe, the United States, South Africa, Asia, and North Africa. It offers a two-module portrait solar tracker system and a one-module portrait solar tracker solution.

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