FTC Solar Inc. (FTCI) PT Lowered to $8 at TD Cowen
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Rating Summary:
6 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 14 | New: 37
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TD Cowen analyst Jeffrey Osborne lowered the price target on FTC Solar Inc. (NASDAQ: FTCI) to $8.00 (from $12.50) while maintaining a Buy rating.
The analyst commented, "Shares likely slipped on liquidity concerns tied to the technical covenant default and a lighter than expected 1Q26 guidance, overshadowing record margins and near EBITDA breakeven. With MSAs ramping and backlog building, we view the issue as procedural rather than structural. Lowering PT to $8 from $12.50, derived from ~5x EV/EBITDA on 2027 estimates."
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