FTC Solar price target raised to $5.50 from $3.80 at UBS

UBS raised the firm’s price target on FTC Solar (FTCI) to $5.50 from $3.80 and keeps a Neutral rating on the shares. The firm updated its model following the Q2 earnings report. UBS sees an improved medium-term outlook for U.S. utility-scale solar demand, but remains Neutral on FTC Solar given the lack of visibility to positive cash flow, the analyst tells investors in a research note.