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FTC SOLAR (NASDAQ: FTCI) STOCK QUOTE

Last Trade: US$0.39 0.0009 0.23
Volume: 358,860
5-Day Change: 1.43%
YTD Change: -43.71%
Market Cap: US$49.130M

LATEST NEWS FROM FTC SOLAR

AUSTIN, Texas , May 30, 2024 /PRNewswire/ -- FTC Solar, Inc. (Nasdaq: FTCI) a leading provider of innovative solar energy solutions, announces the launch of its Automated Hail Stow Solution, aimed at minimizing solar panel damage caused by hail storms. The solution integrates advanced technology with meteorological data to automatically adjust the positioning of solar panels, reducing the risk of hail-related damage. Hail... Read More
AUSTIN, Texas, May 15, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, announced new leadership appointments and an expanded sales leadership team designed to enhance customer experience and success while supporting global sales and strategic growth. The leadership appointments include: Patrick Cook , to Senior Vice President, Capital... Read More
First quarter revenue of $12.6 million Company remains focused on purchase orders, operational efficiencies, quality and customer service Total backlog now stands at $1.8 billion Continue to expect to achieve quarterly profitability in 2024 AUSTIN, Texas, May 10, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced financial... Read More
AUSTIN, Texas, May 06, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its first quarter financial results before market open on Friday, May 10, 2024. A conference call for members of the investment community will be held at 8:30 a.m. E.T. that same day, during which the Company will discuss its first... Read More
AUSTIN, Texas, March 15, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced that it is scheduled to present at the 36 th Annual Roth Conference on March 18, 2024 at 9:00 a.m. Pacific Time. A live webcast and replay of this event will be accessible from the Events section of FTC Solar’s website at www.ftcsolar.com . The... Read More
Fourth quarter revenue of $23.2 million Continue to improve cost structure to lower break-even revenue level Added approximately $213 million to backlog 1 since Nov. 8; acceleration in contracted projects Anthony Carroll appointed Chairman of Customer Advisory Board AUSTIN, Texas, March 13, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services,... Read More
AUSTIN, Texas, Feb. 27, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc . (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its fourth quarter and full year 2023 financial results after market close on Wednesday, March 13, 2024. A conference call for members of the investment community will be held at 5:00 p.m. E.T. that same day, during which the Company... Read More
AUSTIN, Texas, Feb. 12, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, announced today that its Board of Directors has appointed Cathy Behnen Chief Financial Officer with immediate effect. Behnen has been Interim CFO since November 2023. Shaker Sadasivam, Chairman of the Board of FTC Solar, commented, “I am delighted to confirm Cathy’s... Read More
AUSTIN, Texas, Dec. 07, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, announced today that it has formed a Customer Advisory Board to support growth and a world-class customer experience, and has named renewables expert Anthony Carroll as its inaugural Chairman. The advisory board will serve as a valuable resource to support company... Read More
Third Quarter Highlights and Recent Developments Revenue of $30.5 million up 84% y/y, down 5.6% q/q Continue to improve cost structure, as evidenced by gross margin on sub-scale revenue levels Project backlog of approximately $1.6 billion, with approximately $60 million added since August 9 Leadership transition announced with Sean Hunkler and Phelps Morris departing AUSTIN, Texas, Nov. 08, 2023 (GLOBE NEWSWIRE) -- FTC... Read More
AUSTIN, Texas, Oct. 25, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its third quarter financial results before market open on Wednesday, November 8, 2023. A conference call for members of the investment community will be held at 8:30 a.m. E.T. that same day, during which the Company will discuss its... Read More
AUSTIN, Texas, Oct. 04, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, announced today that it has been selected by Sandhills Energy to supply its Pioneer 1P solar tracker solution for a 225-megawatt project to be built near Columbus, Nebraska. “We’re pleased to be utilizing FTC Solar’s tracker technology on this important project,”... Read More
AUSTIN, Texas, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Since its successful introduction to the market in 2018, FTC's Voyager 2P Tracker has been transforming project sites grappling with challenging subsurface conditions. Today, FTC releases a comprehensive white paper that delves into the substantial benefits of this innovative tracker, specifically highlighting its reduced pile count feature. In PV plant construction,... Read More
First-of-its-kind software provides a holistic view of solar plant performance by monitoring and analyzing all operating asset data. By leveraging tracker analytics, SUNOPS helps identify and diagnose a myriad of issues across an entire solar site, providing actionable insights for field teams to resolve problems quickly. By determining site issues before dispatch, the software increases solar plant uptime and reduces energy... Read More
FTC to supply the solar photovoltaic (PV) portion of the Cat Creek energy and storage Project Supports Cat Creek’s agreement with Bayer to produce 1,400 GWh of electricity annually The 1,761 MW project includes solar, wind, pumped storage hydropower and additional water storage BOISE, Idaho, Aug. 09, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc . (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and... Read More
FTC solutions offer ease of installation, high energy density, and fewer required foundations Voyager 2P tracker design also optimal for agrivoltaic projects AUSTIN, Texas, Aug. 09, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, announced today that it has been selected by European renewables developer Five-E to supply at least 300... Read More
Second Quarter Highlights and Recent Developments Gross margin expansion of 180 basis points q/q GAAP, 90 bps Non-GAAP, despite project push-outs Project backlog reaches $1.6 billion, with $259 million recently added Awarded landmark 1GW solar project, part of Cat Creek’s renewables agreement with Bayer Awarded 300MW of solar projects in Spain and Italy, expanding served market Awarded 120MW solar project in South Africa... Read More
AUSTIN, Texas, July 28, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its second quarter financial results before market open on Wednesday, August 9, 2023. A conference call for members of the investment community will be held at 8:30 a.m. E.T. that same day, during which the Company will discuss its... Read More
AUSTIN, Texas, July 06, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading global provider of solar tracker systems, software, and engineering services, today announced the appointment of Tony Alvarez, a veteran of the solar and semiconductor industries, as Board Observer. The appointment was effective as of July 5, 2023. Mr. Alvarez brings over 35 years of solar and engineering experience to FTC Solar. He... Read More
First Quarter Highlights and Recent Developments Revenue growth of 56% quarter over quarter (q/q) Gross margin of 5.0%, or 7.3% Non-GAAP, up >10 points q/q & 57 points over last 2 quarters New Pioneer 1P tracker shipping ahead of schedule, with first orders in U.S. and Australia Project backlog reaches $1.4B, with $235 million added Solar module constraints appear to be easing, which is an encouraging sign for 2H'23 into... Read More
AUSTIN, Texas, April 27, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its first quarter financial results before market open on Wednesday, May 10, 2023. A conference call for members of the investment community will be held at 8:30 a.m. E.T. that same day, during which the Company will discuss its first... Read More
AUSTIN, Texas, March 10, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced that it is scheduled to present at the 35 th Annual Roth Conference on March 13, 2023 at 3:30p.m. Pacific Time. A live webcast and replay of this event will be accessible from the Events section of FTC Solar’s website at www.ftcsolar.com . The... Read More
Revenue growth of 58% q/q, significant gross margin improvement Project backlog crosses billion-dollar mark for first time at $1.2B, with $240 million added Total project pipeline 1 reaches new record high of 110GW Announced U.S. manufacturing joint venture utilizing domestic steel AUSTIN, Texas, Feb. 28, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and... Read More
AUSTIN, Texas, Feb. 15, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced it will report its fourth quarter and full year 2022 financial results before market open on Tuesday, February 28, 2023. A conference call for members of the investment community will be held at 8:30 a.m. E.T. that same day, during which the Company... Read More
AUSTIN, Texas, Feb. 09, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading global provider of solar tracker systems, software, and engineering services, and Taihua New Energy (Thailand) Co., LTD (“Taihua New Energy”), a leading steel fabricator, today announced a joint venture agreement for the creation of Alpha Steel LLC (“Alpha Steel”), a manufacturing partnership dedicated to producing steel components,... Read More
T.J. Rodgers to step down from Board after 5 years Shaker Sadasivam named Chairman of the Board Tamara Mullings to join the Board AUSTIN, Texas, Jan. 23, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading global provider of solar tracker systems, software, and engineering services, today announced that Thurman John “T.J.” Rodgers, Chairman of the Board of Directors of FTC Solar, has informed the Board that he... Read More
AUSTIN, Texas, Jan. 09, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced that it is scheduled to present at the Needham Growth Conference on January 12 at 3:00p.m. Eastern Time. A live webcast and replay of this event will be accessible from the Events section of FTC Solar’s website at www.ftcsolar.com . The company will... Read More
Third Quarter Highlights and Recent Developments Total project pipeline 1 reaches new record high of 90GW Added $203 million to our backlog since August 9 Launched new solution for U.S. thin-film modules Launched differentiated new 1P tracker solution, Pioneer, along with initial 500MW agreement Awarded our largest project to date in Australia, 128MW hybrid solar project AUSTIN, Texas, Nov. 09, 2022 (GLOBE NEWSWIRE) -- FTC... Read More
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AUSTIN, Texas , Nov. 8, 2022 /PRNewswire/ -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, developed a novel clamping solution that enables rapid installation of First Solar Series 6 and Series 6 Plus modules. To support First Solar's unique thin-film module... Read More
FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced it will report its third quarter 2022 financial results before market open on Wednesday, November 9, 2022. A conference call for members of the investment community will be held at 8:30 a.m. E.T. that same day, during which the Company will discuss its third quarter 2022 results, its outlook and... Read More
FTC Solar, Inc. (Nasdaq: FTCI), a leading global provider of solar tracker systems, software, and engineering services, today announced that it has been selected to supply its Voyager solar tracker technology for the 128 megawatt Cunderdin hybrid PV solar and energy storage project in Western Australia. The project, owned by Global Power Generation (GPG) and located approximately 90 miles east of Perth, will be the largest... Read More
FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, announced today that it has been selected by Primoris Renewable Energy (Primoris) to supply at least 500 megawatts of its solar tracker technology for multiple project sites in the U.S. Primoris is expected to utilize FTC Solar’s new and differentiated Pioneer 1P tracker technology on multiple projects to optimize... Read More
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Requires 18%-36% fewer foundations, reducing capital and labor cost Enables 5%+ greater energy output with higher density New 500 megawatt tracker agreement to include multiple projects utilizing Pioneer FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, announced... Read More
Second quarter revenue of $30.7 million Added new top 10 utility customer and new strategic EPC customer Awarded first project in Thailand, continuing international expansion Added $141 million to executed contracts and awarded orders since May 9 Announced EPC partner for distributed generation (DG) business, AUI Partners Closed acquisition of HX Tracker FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker... Read More
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New offering provides rapid solar tracking design through installation for sites under 20 megawatts FTC will utilize its proprietary Voyager+ tracker, a next-generation 2P single-axis tracker, which provides ease of installation, high energy yields vs. fixed-tilt systems, and reliability even when faced with harsh weather... Read More
FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced it will report its second quarter 2022 financial results before market open on Tuesday, August 9, 2022. A conference call for members of the investment community will be held at 8:30 a.m. E.T. that same day, during which the Company will discuss its second quarter 2022 results, its outlook and other... Read More
AUSTIN, Texas, June 14, 2022 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a fast-growing global provider of solar tracker systems, software and engineering services, today announced that it closed the acquisition of HX Tracker, an emerging China-based supplier of 1P tracker systems. “This complementary acquisition accelerates our international expansion with a strengthened platform to accelerate growth in China, the... Read More
FTC Solar, Inc. (Nasdaq: FTCI), a fast-growing global provider of solar tracker systems, software and engineering services, today announced that its Chief Executive Officer Sean Hunkler and Chief Financial Officer Phelps Morris are scheduled to participate in meetings with investors at the following upcoming conferences: Cowen Sustainability & Energy Transition Summit – June 7, 2022, virtual. Mr. Hunkler is scheduled to... Read More
First quarter revenue of $49.6 million, net of $5.0 million reserve International project pipeline reaches new record levels at 32+ Gigawatts Awarded first projects in Kenya, South Africa and Malaysia Added $112 million to executed contracts and awarded orders since March 15 Planned acquisition of HX Tracker remains on track to close in second quarter FTC Solar, Inc. (Nasdaq: FTCI), a fast-growing global provider of solar... Read More
FTC Solar, Inc. (Nasdaq: FTCI), a global provider of solar tracker systems, software and engineering services, today announced it will report its first quarter 2022 financial results before market open on Tuesday, May 10, 2022. A conference call for members of the investment community will be held at 8:30 a.m. E.T. that same day, during which the Company will discuss its first quarter 2022 results, its outlook and other... Read More
Fourth quarter revenue of $101.7 million, up 92% q/q; 130% y/y; Launched turnkey DG offering for sub 20MW market Added three new SunPath contracts Continue to target strong ~62% revenue growth in 2022 Announced acquisition of international tracker company, HX Tracker, positioned to create value for our customers and shareholders FTC Solar, Inc. (Nasdaq: FTCI), a fast-growing global provider of solar tracker systems, software... Read More
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As solar adoption reaches new levels, FTC Solar (NASDAQ: FTCI) has co-authored a whitepaper with wind engineering experts RWDI and structural engineering firm Engineered Power Solutions ( EPS) on the wind mitigation strategy of FTC's unique single axis tracker, Voyager. This strategy - combining a zero-degree wind stow... Read More
FTC Solar, Inc. (Nasdaq: FTCI), a fast-growing global provider of solar tracker systems, software and engineering services, today announced that it will release fourth quarter and full year 2021 financial results before market open on Tuesday, March 15, 2022. The company also reaffirmed its financial outlook for 2022 and announced its participation in upcoming investor conferences. 2022 Outlook FTC Solar’s targets for full... Read More
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FTC Solar (NASDAQ: FTCI), an innovator in solar tracking technology, was awarded a contract from leading Australian energy infrastructure business APA Group to supply FTC Solar's 2P Voyager tracker in an effort to ensure maximum installation efficiency on APA's new 88 MW solar project in Mica Creek , QLD, Australia . FTC... Read More
FTC Solar, Inc. (Nasdaq: FTCI), a global provider of solar tracker systems, software and engineering services, today announced CEO Sean Hunkler will host a business insights call at 8:30 a.m. ET, Tuesday, January 18. The call is consistent with Hunkler’s prior commitment to provide analysts and investors with a report of his findings and 2022 plans following his first 100 days at FTC Solar. Hunkler was appointed CEO on... Read More
FTC Solar, Inc. (Nasdaq: FTCI), a fast-growing global provider of solar tracker systems, software and engineering services, today announced that its Chief Executive Officer Sean Hunkler is scheduled to present at the 24 th Annual Needham Virtual Growth Conference on Tuesday, January 11, 2022 at 5:00 p.m. Eastern Time. A live webcast and replay of this presentation will be accessible from the Events section of FTC Solar’s... Read More
FTC Solar, Inc. (Nasdaq: FTCI), a fast-growing global provider of solar tracker systems, software and engineering services, today announced that its Chief Executive Officer Sean Hunkler and Chief Financial Officer Patrick Cook are scheduled to participate in meetings with investors at the following upcoming conferences: Nasdaq Investor Conference – December 1, 2021. Mr. Hunkler is scheduled to present at the conference... Read More
Third quarter revenue of $53.0 million, up 5.8% q/q; nine-month revenue up 18% y/y; Added to executed contracts and awarded orders, now totaling $752 million YTD through Nov. 9 * ; Announced 1.7GW transaction to supply trackers to multiple projects in development by a leading project developer; Awarded three new projects in Australia, including largest to-date, and first two projects in Africa; Sean Hunkler named CEO; and... Read More
FTC Solar , Inc. (Nasdaq: FTCI) a leader in utility-scale solar tracking technology, has been awarded a 504 megawatts DC project in Arizona . FTC Solar will be providing its Voyager tracker to Moss Solar, one of the nation's leading Engineering, Procurement and Construction (EPC) companies, who has been contracted by a leading Tier 1 U.S. Developer to construct the solar plus storage facility. The project is an innovative... Read More
Innovative Agrivoltaic project will be first of its kind in Botswana , part of BUAN University FTC Solar, Inc. (Nasdaq: FTCI), a fast-growing global provider of solar tracker systems, software and engineering services, today announced that it has been awarded its first project in Africa since entering this new market earlier this year. "We're pleased to announce the first of what we expect will be many projects in Africa for... Read More
FTC Solar, Inc. (Nasdaq: FTCI), a global provider of solar tracker systems, software and engineering services, today announced it will report its third quarter 2021 financial results before market open on Wednesday, November 10, 2021. A conference call for members of the investment community will be held at 8:30 a.m. E.T. that same day, during which the Company will discuss its third quarter 2021 results, its outlook and... Read More
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FTC's proprietary damper design eliminates torsional galloping, working like a shock absorber. Company collaborated with engineering and environmental engineering consulting firms RWDI and Engineered Power Solutions (EPS) on data analysis and wind tunnel testing to independently validate structural stability. The 2P tracker is... Read More
FTC Solar, Inc. (Nasdaq: FTCI), a fast-growing global provider of solar tracker systems, software and engineering services, today announced that Tony Etnyre will step down as CEO and member of the Board of Directors. The Board has appointed Sean Hunkler as his successor effective Sept. 24, 2021. Etnyre will continue to support the company on strategic matters and business development through a transition period reaching into... Read More
FTC Solar, Inc. (Nasdaq: FTCI), a fast-growing global provider of solar tracker systems, software and engineering services, today announced that its Chief Executive Officer Tony Etnyre and Chief Financial Officer Patrick Cook are scheduled to participate in meetings with investors at the following upcoming conferences: Barclays CEO Energy-Power Virtual Conference – September 9, 2021. Mr. Etnyre is scheduled to present at the... Read More
Second Quarter Highlights and Recent Developments Second quarter revenue of $50.1 million; total 1H’21 revenue up 39% y/y; Added to executed contracts and awarded orders, now totaling $419 million YTD through Aug. 1*; Continuing to win new customers, including another top 5 construction firm/EPC; Recognized first revenue for our SunPath software solution; Sold stake in minority investment (Dimension Energy) for $22 million;... Read More
FTC Solar, Inc. (Nasdaq: FTCI), a fast-growing global provider of solar tracker systems, software and engineering services, today announced that a large shareholder and director of the Company has received a limited waiver from the representatives of the Company’s underwriters under a Lock-Up Letter Agreement that was entered into in connection with the Company’s initial public offering. The waiver is to permit such... Read More
FTC Solar, Inc. (Nasdaq: FTCI), a global provider of solar tracker systems, software and engineering services, today announced it will report its second quarter 2021 financial results before market open on Wednesday, August 11, 2021. A conference call for members of the investment community will be held at 8:30 a.m. E.T. that same day, during which the Company will discuss its second quarter 2021 results, its outlook and... Read More
FTC Solar, Inc. (Nasdaq: FTCI), a fast-growing global provider of solar tracker systems, software and engineering services, today announced that it has received a net payout of approximately $22 million in connection with the sale of its minority investment position in Dimension Energy, LLC (“Dimension”), with the potential to receive an additional payout of up to approximately $14 million through an earn-out structure. FTC... Read More
First Quarter Highlights and Recent Developments GAAP Revenue of $65.7 million, increased 103% compared with same quarter in 2020 Secured first sales of our new SunPath performance enhancement software product Awarded two international projects in Australia Added over $280 million to executed contracts and awarded orders YTD through June 1 * Closed Initial Public Offering (IPO) on April 30, adding $181 million to our balance... Read More
FTC Solar, Inc. (Nasdaq: FTCI), a global provider of solar tracker systems, technology, software and engineering services, today announced it will report its first quarter 2021 financial results before market open on Tuesday, June 8, 2021. A conference call for members of the investment community will be held at 8:30 a.m. E.T. that same day, during which the Company will discuss its first quarter 2021 results, its outlook... Read More

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