FTC Solar, Inc. (FTCI) is trading 17% higher at $4.845 today.
1. FTC Solar's beta was 0, indicating that the company is less volatile than the market.
2. The company has positive earnings growth prospects and a strong financial position.
3. Reports indicate that Senate Majority Leader Chuck Schumer and Sen. Joe Manchin have reached a deal on an ambitious climate spending package. This news has caused investors to respond positively, with stock prices increasing as a result.
4. The stock is trading at a discount to its intrinsic value, indicating that there is room for further upside in the stock price.
FTC Solar, Inc. has been trading between a 52-week high of $11.54 and a 52-week low of $2.12. The stock has a market cap of $488 Million.
Founded in 2017 by a group of renewable energy industry veterans, FTC Solar is a fast-growing, global provider of solar tracker systems, technology, software, and engineering services. Solar trackers significantly increase energy production at solar power installations by dynamically optimizing solar panel orientation to the sun. FTC Solar’s innovative tracker designs provide compelling performance and reliability, with an industry-leading installation cost-per-watt advantage.
Here's a few choice comments from the Reddit Traderverse™:FarLeftGoon - 1 upvotes -
sourceEv 🚀🚀🚀 FTCI EVGO BLNK good short squeeze plays