FTC Solar downgraded to Neutral from Buy at Roth MKM

Roth MKM downgraded FTC Solar to Neutral from Buy with a price target of 45c, down from $2, after its Q4 results. The firm intends to stay at neutral pending visibility into the company sustaining revenue at $50M-$60M that is required for break-even and beyond, the analyst tells investors in a research note. FTC Solar management has previously charted a path to profitability in the past but with with limited success, and the stock remains a “show me story”, the firm added.