FTC Solar Inc: UBS cuts target price to $3.5 from $6

UBS has revised its price target for FTC Solar Inc (NASDAQ:FTCI) downward to $3.50 from $6, while maintaining a Neutral rating. This adjustment reflects a more cautious outlook amid ongoing operational challenges and mixed analyst sentiment. The firm cited a balance between strong demand for utility-scale solar and the company’s elevated risk profile due to persistent operating losses.

FTC Solar has shown signs of progress, including a 157% year-over-year revenue increase in Q3 2025 and its first positive gross margin since late 2023. The company also secured a $37 million term loan and expanded its Alpha Steel joint venture. However, recent updates include reduced guidance and liquidity concerns, which have influenced analysts to lower targets.

The stock currently trades at $3.09, and the average price target remains at $10.25 among seven analysts, with a consensus "Buy" rating. UBS’s latest move highlights the evolving narrative around FTC Solar, as analysts weigh its strategic advancements against financial uncertainties. Investors are advised to monitor the company’s upcoming performance and guidance for further clarity.