Earnings Scheduled For November 10, 2021
Companies Reporting Before The Bell
• LumiraDx (NASDAQ:LMDX) is projected to report quarterly loss at $0.24 per share on revenue of $94.32 million.
Barclays Upgrades FTC Solar to Overweight, Lowers Price Target to $9
Barclays analyst Moses Sutton upgrades FTC Solar (NASDAQ:FTCI) from Equal-Weight to Overweight and lowers the price target from $11 to $9.
Raymond James Maintains Strong Buy on FTC Solar, Lowers Price Target to $12
Raymond James analyst Pavel Molchanov maintains FTC Solar (NASDAQ:FTCI) with a Strong Buy and lowers the price target from $15 to $12.
Why There Is An ‘Alarming Decline’ In US Solar Panel Imports
Despite significant optimism about green energy following the November 2020 U.S. election, the Invesco Solar ETF (NYSE: TAN) is down 19% year-to-date in 2021.
FTC Solar Q2 Adj. EPS $(0.21) Misses $(0.13) Estimate, Sales $50.11M Beat $44.08M Estimate
FTC Solar (NASDAQ:FTCI) reported quarterly losses of $(0.21) per share which missed the analyst consensus estimate of $(0.13) by 61.54 percent. This is a 162.5 percent decrease over losses of $(0.08) per share from the
Earnings Scheduled For August 11, 2021
Companies Reporting Before The Bell
• Wireless Telecom Group (AMEX:WTT) is likely to report earnings for its second quarter.
Why FTC Solar Is Trading Higher Today
FTC Solar Inc (NASDAQ: FTCI) is trading higher following multiple analyst initiations and price targets well above the current price per share.
What Happened: Numerous analysts initiated coverage on FTC Solar on Monday, setting price targets between $11 and $23.
B of A Securities Initiates Coverage On FTC Solar with Buy Rating, Announces Price Target of $12
B of A Securities analyst Julien Dumoulin Smith initiates coverage on FTC Solar (NASDAQ:FTCI) with a Buy rating and announces Price Target of $12.