FTC Solar price target lowered to $3.50 from $4.50 at TD Cowen

TD Cowen analyst Jeffrey Osborne lowered the firm’s price target on FTC Solar to $3.50 from $4.50 and keeps an Outperform rating on the shares. The firm said the company was impacted by a delay with a large customer that paused deployments to optimize its projects to capture the ITC following additional domestic content guidance.