BofA analyst Julien Dumoulin-Smith double upgraded FTC Solar to Buy from Underperform with a price target of $3.50, up from $2. The analyst sees a runway to a recovery in the company’s volumes and margins. Model throughput in 2023 and 2024 is "highly accretive" to FTC’s gross and EBITDA margin profile, the analyst tells investors in a research note.
Published first on TheFly
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