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On April 2, 2025, FTC Solar , Inc. (NASDAQ:FTCI) director Chatila Ahmad R acquired 16,740 shares of the company’s common stock. According to InvestingPro data, this insider purchase comes as the stock trades at $3.26, showing a strong 4.4% return over the past month despite significant volatility. The shares were purchased at a weighted average price of $2.93, with transaction prices ranging from $2.867 to $2.996. This purchase represents a total transaction value of $49,048. Following this acquisition, Chatila holds a total of 228,767 shares directly. This transaction was part of an amended Form 4 filing, reflecting the impact of a 10-for-1 reverse stock split effective as of November 29, 2024. The company, currently valued at $41.56 million, maintains a healthy balance sheet with more cash than debt, though analysts’ price targets range from $3.50 to $5.00. For deeper insights into FTCI’s valuation and 15 additional key investment tips, explore InvestingPro’s comprehensive analysis.
In other recent news, FTC Solar Inc. reported a notable 58% increase in revenue for the first quarter of 2025 compared to the previous quarter, marking a 65% rise year-over-year. Despite a GAAP net loss of $3.8 million, the company remains committed to strategic initiatives within the solar sector. FTC Solar’s revenue for the quarter reached $20.8 million, slightly surpassing the high end of its guidance range. The company has set a revenue target of $19-24 million for the second quarter, with expectations for continued growth in the latter half of the year. Analysts from firms such as TD Cowen and Roth Capital Partners (WA:CPAP) have shown interest in the company’s approach to navigating tariffs and supply chain challenges. FTC Solar has a contracted backlog of $482 million, indicating strong future business prospects. The company is also focused on expanding its market share with its 1P tracker solution, which has become a significant part of its bidding activity. Despite ongoing market challenges, FTC Solar is poised for long-term growth, driven by its innovative products and strategic market positioning.
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