FTC Solar price target lowered to $8 from $12.50 at TD Cowen

TD Cowen lowered the firm’s price target on FTC Solar (FTCI) to $8 from $12.50 and keeps a Buy rating on the shares. The firm updated its model after the shares likely slipped on liquidity concerns tied to the technical covenant default and a lighter than expected 1Q26 guidance, overshadowing record margins and near EBITDA breakeven.