FTC Solar director Chatila Ahmad R purchases $49,048 in shares

Published 03/04/2025, 14:04
FTC Solar director Chatila Ahmad R purchases $49,048 in shares

In a recent transaction, Chatila Ahmad R, a director at FTC Solar , Inc. (NASDAQ:FTCI), acquired 16,740 shares of the company’s common stock. The purchase, executed on April 2, 2025, was made at an average price of $2.93 per share, amounting to a total value of $49,048. This acquisition brings Ahmad’s total holdings to 1,984,708 shares. The shares were bought at prices ranging from $2.867 to $2.996.The timing of this purchase is notable, as InvestingPro data shows FTCI’s stock has fallen over 43% in the past six months, though it has recently shown strength with a 16% gain in the past week. The company maintains a strong balance sheet with more cash than debt, though InvestingPro analysis indicates the stock is currently undervalued.Want deeper insights into insider trading patterns and 12+ additional ProTips? Discover comprehensive analysis with an InvestingPro subscription, including the detailed Pro Research Report available for FTCI and 1,400+ other US stocks.

In other recent news, FTC Solar reported a challenging fourth quarter of 2024 with a 43.1% year-over-year decline in revenue, although it did manage a 30.2% increase from the previous quarter. The company’s earnings per share fell short of analyst expectations, contributing to mixed investor sentiment despite a revenue beat. FTC Solar has projected a 44% revenue growth for the first quarter of 2025, aiming for adjusted EBITDA breakeven by 2025. Analyst firms have varied in their outlooks: Roth/MKM raised its price target for FTC Solar to $3.00 from $0.50, maintaining a Neutral rating, while TD Cowen reduced its target to $5.00 from $10.00 but kept a Buy rating. The company has been recognized for securing contracts with major clients like Recurrent, Rosendin, and GPG Naturgy, indicating a positive bookings outlook for 2025. FTC Solar’s management has expressed confidence in reaching breakeven adjusted EBITDA by 2025, driven by project execution in the latter half of the year. The company is also focusing on product innovation, having launched the 1P Pioneer Tracker to enhance installation efficiency.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.