FTC Solar Inc (NASDAQ: FTCI) faces near-term challenges and there are concerns about the long-term profitability of its business, according to BofA Securities.
Following the market opening Friday, the Dow traded down 0.69% to 35,863.42 while the NASDAQ rose 0.14% to 14,828.15. The S&P also fell, dropping, 0.27% to 4,646.63.
B of A Securities analyst Julien Dumoulin-Smith downgrades FTC Solar (NASDAQ:FTCI) from Neutral to Underperform and lowers the price target from $9 to $5.
FTC Solar, Inc. (NASDAQ:FTCI), a global provider of solar tracker systems, software and engineering services, today announced CEO Sean Hunkler will host a business insights call at 8:30 a.m. ET, Tuesday, January 18.
The
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RenovoRx, Inc. (NASDAQ: RNXT) shares jumped 128% to $12.41. The company, on Tuesday evening, made a presentation on intra-arterial chemotherapy as a potential innovative treatment for pancreatic cancer.