WallStSmart

FTC Solar Inc (FTCI)vsNextracker Inc. Class A Common Stock (NXT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Nextracker Inc. Class A Common Stock generates 3515% more annual revenue ($3.60B vs $99.69M). NXT leads profitability with a 16.4% profit margin vs -77.2%. NXT earns a higher WallStSmart Score of 62/100 (C+).

FTCI

Avoid

31

out of 100

Grade: F

Growth: 5.3Profit: 2.0Value: 5.0Quality: 5.0

NXT

Buy

62

out of 100

Grade: C+

Growth: 8.7Profit: 8.5Value: 4.7Quality: 6.3
Piotroski: 4/9Altman Z: 1.51
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for FTCI.

NXTSignificantly Overvalued (-57.4%)

Margin of Safety

-57.4%

Fair Value

$76.20

Current Price

$130.42

$54.22 premium

UndervaluedFair: $76.20Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FTCI1 strengths · Avg: 10.0/10
Revenue GrowthGrowth
148.9%10/10

Revenue surging 148.9% year-over-year

NXT2 strengths · Avg: 10.0/10
Return on EquityProfitability
33.2%10/10

Every $100 of equity generates 33 in profit

Revenue GrowthGrowth
33.9%10/10

Revenue surging 33.9% year-over-year

Areas to Watch

FTCI4 concerns · Avg: 2.8/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$71.01M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-6.5%2/10

ROE of -6.5% — below average capital efficiency

Free Cash FlowQuality
$-8.36M2/10

Negative free cash flow — burning cash

NXT4 concerns · Avg: 3.5/10
P/E RatioValuation
31.9x4/10

Premium valuation, high expectations priced in

Price/BookValuation
9.0x4/10

Trading at 9.0x book value

Altman Z-ScoreHealth
1.514/10

Distress zone — elevated risk

PEG RatioValuation
3.042/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : FTCI

The strongest argument for FTCI centers on Revenue Growth. Revenue growth of 148.9% demonstrates continued momentum.

Bull Case : NXT

The strongest argument for NXT centers on Return on Equity, Revenue Growth. Profitability is solid with margins at 16.4% and operating margin at 19.4%. Revenue growth of 33.9% demonstrates continued momentum.

Bear Case : FTCI

The primary concerns for FTCI are EPS Growth, Market Cap, Return on Equity.

Bear Case : NXT

The primary concerns for NXT are P/E Ratio, Price/Book, Altman Z-Score.

Key Dynamics to Monitor

FTCI profiles as a hypergrowth stock while NXT is a growth play — different risk/reward profiles.

NXT carries more volatility with a beta of 2.42 — expect wider price swings.

FTCI is growing revenue faster at 148.9% — sustainability is the question.

NXT generates stronger free cash flow (121M), providing more financial flexibility.

Bottom Line

NXT scores higher overall (62/100 vs 31/100), backed by strong 16.4% margins and 33.9% revenue growth. Both earn "Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

FTC Solar Inc

TECHNOLOGY · SOLAR · USA

FTC Solar, Inc. provides solar tracking systems and software and engineering services in the United States and internationally. The company is headquartered in Austin, Texas.

Nextracker Inc. Class A Common Stock

TECHNOLOGY · SOLAR · USA

Nextracker Inc., an energy solutions company, provides solar tracker solutions for PV projects. The company is headquartered in Fremont, California.

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