• Roth Capital upgraded NASDAQ:FTCI to a "Buy" rating following strong Q3 financial results.
• FTC Solar reported a revenue of $26 million, a 156.8% increase year-over-year, and significant improvements in gross margin.
• The company secured a $75 million strategic financing facility and announced a 1GW tracker supply agreement with Levona Renewables.

FTC Solar, Inc. (NASDAQ:FTCI) is a key player in the solar energy sector, specializing in solar tracker systems. These systems help optimize the efficiency of solar panels by adjusting their position to follow the sun's path. FTC Solar competes with other solar technology companies, striving to enhance solar energy production and efficiency.

On November 17, 2025, Roth Capital upgraded NASDAQ:FTCI to a "Buy" rating, with the stock trading at $10.38 at the time. This upgrade comes on the heels of FTC Solar's impressive third-quarter financial results. The company reported a revenue of $26 million, a 156.8% increase from the previous year, surpassing their target guidance.

FTC Solar's financial performance also showed a significant improvement in gross margin, with an increase of over 2,500 basis points quarter-over-quarter and 4,500 points year-over-year. This quarter marked the lowest loss from operations and the best adjusted EBITDA since 2020, indicating strong operational efficiency.

The company secured a $75 million strategic financing facility, with $37.5 million already closed. Additionally, FTC Solar announced a 1GW tracker supply agreement with Levona Renewables. Yann Brandt, President and CEO, expressed satisfaction with the results, highlighting the company's growth trajectory and record-high quarterly revenue.

Currently, NASDAQ:FTCI is trading at $10.26 on the NASDAQ, experiencing a slight decrease of approximately 1.68% from the previous trading price. The stock has fluctuated between $9.85 and $10.79 today, with a market capitalization of approximately $153.21 million and a trading volume of 236,236 shares.