FTC Solar’s Promising Financial Trajectory and Positive Outlook: Buy Rating with Raised Price Target

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2025.11.12 21:35
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Jeff Osborne from TD Cowen has maintained a Buy rating on FTC Solar, raising the price target to $12.50. The company reported a strong Q3 2025, returning to a positive gross margin for the first time since late 2023, aided by reduced labor costs and increased customer interest. FTC Solar's Q4 2025 guidance exceeded estimates, with expectations of positive EBITDA by 2026. The expanded U.S. pipeline and full ownership of Alpha Steel are significant positives, despite challenges like a year-over-year decline in average selling prices.