FTC Solar price target raised to $1 from 65c at Northland

Northland analyst Donovan Schafer raised the firm’s price target on FTC Solar to $1 from 65c and keeps a Market Perform rating on the shares after having hosted a virtual non-deal roadshow with management that left the firm “incrementally positive on the stock.” However, the firm sticks with a neutral rating until it starts to see “more tangible signs of backlog conversion,” the analyst tells investors.