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FTC Solar, Inc. - FTCI STOCK NEWS

Welcome to our dedicated page for FTC Solar news (Ticker: FTCI), a resource for investors and traders seeking the latest updates and insights on FTC Solar stock.

FTC Solar, Inc. (Nasdaq: FTCI) is a leading provider of solar tracker systems, supported by proprietary software and value-added engineering services. Founded in 2017 by a group of renewable energy industry veterans, the company focuses on delivering cost-effective solutions that maximize energy production for solar installations worldwide.

Core Business:
FTC Solar specializes in solar tracker systems, which dynamically adjust the orientation of solar panels throughout the day to optimize energy capture. This technology ensures higher efficiency and output from solar projects compared to fixed systems.

Products and Services:

  • Development Engineering Services
  • Pay for Performance Engineering Consulting
  • Pay for Performance Lean Construction Implementation
  • Design Automation Software: SunDAT
  • Portfolio Management Software: SAM
  • AP90 Single Axis Tracker with > 1GW Worldwide Installations

Recent Achievements:
FTC Solar recently launched the Automated Hail Stow Solution, integrating advanced technology with meteorological data to minimize hail-related damage to solar panels. This innovative solution reflects the company's commitment to enhancing operational efficiency and sustainability in the renewable energy sector.

Current Projects:
The company is engaged in various projects, including supporting the installation and use of U.S.-manufactured thin-film modules and other cutting-edge solar technologies. With over 1GW of U.S. and 4GW of worldwide project installation experience, FTC Solar continues to expand its global footprint.

Financial Condition:
FTC Solar's solid financial foundation and strategic partnerships enable ongoing innovation and expansion. The company regularly updates investors and stakeholders through its Investor Relations section on the corporate website.

For more information, visit FTC Solar's Website.

News

FTC Solar Announces Fourth Quarter 2023 Financial Results

Rhea-AI Summary
FTC Solar, Inc. reported fourth-quarter revenue of $23.2 million, with an addition of approximately $213 million to backlog since November 8. The company aims to lower the breakeven revenue level and improve gross margin potential. They are actively searching for a new CEO. Fourth-quarter financial results showed a decrease in revenue compared to the prior quarter. The company expects revenue to be lower in the first quarter of 2024 but anticipates sequential growth for the rest of the year, aiming for profitability in the fourth quarter.
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FTC Solar to Announce Fourth Quarter and Full Year 2023 Financial Results Wednesday, March 13, 2024

Rhea-AI Summary
FTC Solar, Inc. (FTCI) will report its Q4 and full year 2023 financial results on March 13, 2024. The company, a key player in solar tracker systems, will host a conference call to discuss results, outlook, and business matters.
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4.4%
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News

Cathy Behnen Appointed FTC Solar Chief Financial Officer

Rhea-AI Summary
FTC Solar, Inc. appoints Cathy Behnen as Chief Financial Officer, praising her expertise and leadership. Behnen, who has been the interim CFO since November 2023, brings over 20 years of financial experience to the role. The company's Board of Directors expresses confidence in her ability to drive long-term growth and execution.
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FTC Solar Appoints Anthony Carroll as Chairman of Newly Formed Customer Advisory Board

Rhea-AI Summary
FTC Solar, Inc. (Nasdaq: FTCI) forms a Customer Advisory Board with renewables expert Anthony Carroll as Chairman to support growth, customer experience, and product strategy, aligning with evolving marketplace needs.
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Berman Tabacco Announces Investigation of FTC Solar, Inc. (FTCI) for Potential Securities Law Violations

Rhea-AI Summary
FTC Solar Inc. (FTCI) Under Investigation by Berman Tabacco for Potential Securities Law Violations in Solar Tracker Systems and Engineering Services
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FTC Solar Announces Third Quarter 2023 Financial Results and Leadership Transition

Rhea-AI Summary
FTC Solar, Inc. (Nasdaq: FTCI) announces Q3 financial results, with revenue up 84% y/y but down 5.6% q/q. Project backlog stands at approximately $1.6 billion, with a leadership transition announced as CEO and CFO depart.
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FTC Solar to Announce Third Quarter Financial Results Wednesday, November 8, 2023

Rhea-AI Summary
FTC Solar to report Q3 financial results on November 8, 2023
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FTC Solar Awarded 225MW Sandhills Energy Solar Project

Rhea-AI Summary
FTC Solar selected by Sandhills Energy for a 225MW solar project in Nebraska
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FTC's Newly Released White Paper, Unveils the Game-Changing Benefits of a Proven Solution for Complex Subsurface Conditions

Rhea-AI Summary
FTC releases white paper showcasing the benefits of Voyager 2P Tracker in addressing subsurface challenges
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FTC Solar Unveils Tracker-Agnostic SUNOPS Software to Enhance Solar Plant Performance

Rhea-AI Summary
FTC Solar launches SUNOPS, a cloud-based PV asset monitoring solution to enhance solar plant performance.
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FAQ

What is the current stock price of FTC Solar (FTCI)?

The current stock price of FTC Solar (FTCI) is $4.07 as of January 29, 2025.

What is the market cap of FTC Solar (FTCI)?

The market cap of FTC Solar (FTCI) is approximately 53.2M.

What does FTC Solar, Inc. specialize in?

FTC Solar specializes in solar tracker systems that dynamically adjust the orientation of solar panels to optimize energy capture.

What are the recent achievements of FTC Solar?

FTC Solar recently launched the Automated Hail Stow Solution to minimize hail-related damage to solar panels, showcasing their innovative approach.

What products and services does FTC Solar offer?

FTC Solar offers development engineering services, performance engineering consulting, lean construction implementation, design automation software, portfolio management software, and the AP90 Single Axis Tracker.

How much experience does FTC Solar have in project installations?

FTC Solar has over 1GW of U.S. and 4GW of worldwide project installation experience.

Who founded FTC Solar, Inc.?

FTC Solar was founded in 2017 by a group of renewable energy industry veterans.

What is the Automated Hail Stow Solution?

The Automated Hail Stow Solution is an advanced technology that minimizes hail-related damage to solar panels by adjusting their positioning based on meteorological data.

Where can I find more information about FTC Solar's investor relations?

More information about FTC Solar's investor relations can be found on their corporate website in the Investor Relations section.

What is the AP90 Single Axis Tracker?

The AP90 Single Axis Tracker is a solar tracker system with over 1GW of worldwide installations, designed to optimize solar panel orientation and increase energy production.

Does FTC Solar offer consulting services?

Yes, FTC Solar offers performance engineering consulting and lean construction implementation services.

What software solutions does FTC Solar provide?

FTC Solar provides design automation software (SunDAT) and portfolio management software (SAM).
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FTC Solar, Inc.

Nasdaq:FTCI

FTCI Rankings

#4873 Ranked by Market Cap
N/A Ranked by Dividends

FTCI Stock Data

53.21M
7.90M
38.55%
8.9%
6.5%
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