Ftc Solar Inc (FTCI) - Wednesday, Nov 8, 2023

Key points (machine generated)

• FTCI's stock price has dropped due to residential solar sector weakness and uncertainty regarding subsidies/tax credits, but the company still maintains a strong financial position with $30 million in cash and a backlog of $1.6 billion.
• The company's 2p tracker design is considered advantageous and has not experienced any known failures.
• The author believes that a potential sale of FTCI could generate a price that is 3-4 times its market cap, thanks to its patented design, salesforce, and backlog, which contrasts with the struggling residential solar sector that heavily relies on aggressive sales tactics. Utility-scale solar is regarded as a more cost-effective option.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.