Stocktoria
FTC Solar, Inc. FTCI
FTC Solar, Inc. (FTCI) earns a Piotroski F-score of 4/9 (mixed financial health), with an Altman Z″ in the distress zone. It does not currently pay a dividend. FY2025 revenue was $99.7M at a -79.8% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Analyst price target
Wall Street analyst consensus — a sentiment gauge, not our scoring.
How it ranks in Manufacturing · percentile among 1957 companies
Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 4/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · distress zone
| Component | Value |
|---|---|
| Working capital / assets | 0.264 |
| Retained earnings / assets | -3.822 |
| EBIT / assets | -0.317 |
| Equity / liabilities | -0.278 |
Sector peers · similar-size Manufacturing companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| FTCI | FTC Solar, Inc. | 4/9 | -13.15 | — | +110.5% |
| AXTI | AXT INC | 2/9 | 4.67 | — | -11.1% |
| AMBQ | Ambiq Micro, Inc. | 4/9 | 5.22 | — | -4.7% |
| MRAM | EVERSPIN TECHNOLOGIES INC. | 4/9 | 2.81 | — | +9.5% |
| NVTS | Navitas Semiconductor Corp | — | 6.21 | — | -44.9% |
| LEDS | SemiLEDs Corp | 6/9 | — | — | — |
| KOPN | KOPIN CORP | 3/9 | -7.29 | 271.6 | -21.9% |
About FTC Solar, Inc.
FTC Solar, Inc. engages in the manufacture and service of solar tracker systems in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company provides a two modules-in-portrait solar tracker system under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name. It also offers trackers and software solutions for the utility-scale solar energy markets, as well as for the project developers, solar asset owners, and engineering, procurement, and construction contractors that design and build solar energy projects. The company was incorporated in 2017 and is headquartered in Austin, Texas.
FAQ
Is FTCI financially healthy?
FTC Solar, Inc.'s Piotroski F-score is 4/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the distress zone.
Does FTCI pay a dividend?
No, FTC Solar, Inc. does not currently pay a dividend.
How profitable is FTCI?
In FY2025, FTC Solar, Inc. had a net margin of -79.8%.
What is the analyst price target for FTCI?
The average Wall-Street price target for FTC Solar, Inc. is $10.25, about 336.2% above the recent price, from 4 analysts (consensus: strong buy).
Is FTCI a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on FTC Solar, Inc.: a Piotroski F-score of 4/9, an Altman Z″ in the distress zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.