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Why Shares of FTC Solar Are Crashing Today

·2-min read
Why Shares of FTC Solar Are Crashing Today
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It's been a dark and stormy start to the new year for solar stock FTC Solar (NASDAQ: FTCI), which had plummeted nearly 20% from the start of 2022 through yesterday's close. As of 11:37 a.m. ET, shares of FTC Solar have declined 14.1%. Finding a noteworthy potential for risk with an investment in FTC Solar, Julien Dumoulin-Smith, an analyst at Bank of America, downgraded the stock to underperform from neutral and slashed his price target to $5 from $9.

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