Why FTC Solar Plunged 23.4% Today

Shares of FTC Solar (Nasdaq: FTCI) dropped as much as 23.4% in trading on Wednesday, as investors began to worry more about inflation. At 2 p.m. EDT, shares of this solar energy stock were still down 22.6% for the day. 

FTC Solar went public late last month at $13 per share, but that price hasn't held long for investors. Shares hit a low of $8.96 per share today and are bouncing near that low as I'm writing. 

Image source: Getty Images.

Continue reading

Source Fool.com