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In a recent transaction, Ahmad R Chatila, a director at FTC Solar , Inc. (NASDAQ:FTCI), acquired 16,922 shares of the company’s common stock. The shares were purchased at a weighted average price of $2.91 per share, amounting to a total transaction value of $49,243. The purchase comes as InvestingPro analysis suggests the stock is currently undervalued, with analyst price targets ranging from $3 to $5. This acquisition occurred on April 1, 2025, and follows a 10-for-1 reverse stock split by FTC Solar that took effect in late 2024. As a result of the transaction, Chatila now holds 212,027 shares directly. While the stock has shown strong returns over the past month, trading at $3.26, it remains down 41% over the past six months. For deeper insights into insider trading patterns and 15+ additional ProTips, visit InvestingPro.
In other recent news, FTC Solar Inc. reported a significant increase in its first-quarter 2025 earnings, with revenue jumping 58% quarter-over-quarter and 65% year-over-year, reaching $20.8 million. Despite a GAAP net loss of $3.8 million, the company has set a revenue target of $19-24 million for the second quarter of 2025, with expectations of surpassing the first half of the year. FTC Solar has also been reducing operating expenses for six consecutive quarters, demonstrating a focus on cost control. The company boasts a contracted backlog of $482 million, indicating robust future prospects. Analysts from firms like Roth Capital Partners (WA:CPAP) have engaged with FTC Solar regarding tariffs, with the company expressing minimal exposure due to a diversified supply chain. CEO Jan Brandt emphasized the company’s strategic positioning in the solar market, highlighting the demand for its 1P tracker solution. FTC Solar aims to achieve adjusted EBITDA breakeven in 2025, reflecting confidence in its growth strategy.
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