FTC Solar, Inc. - FTCI STOCK NEWS

FTC Solar, Inc. (Nasdaq: FTCI), a prominent provider of solar tracker systems, will announce its first quarter financial results on May 10, 2023, before the market opens. A conference call is scheduled for the same day at 8:30 a.m. E.T., where the management will discuss the financial performance, outlook, and other pertinent business updates. Investors can access the call via the company's Investor Relations webpage, with a replay available for 30 days post-event. FTC Solar specializes in enhancing solar energy production through innovative tracker designs that optimize solar panel orientation, resulting in lower installation costs and improved performance.

AUSTIN, Texas, March 10, 2023 (GLOBE NEWSWIRE) -- FTC Solar, a top provider of solar tracker systems, will present at the 35^th Annual Roth Conference on March 13, 2023, at 3:30 PM PT. A live webcast will be available on FTC Solar’s website. The company will also hold investor meetings on the same day. Founded in 2017, FTC Solar specializes in solar tracker technology that optimizes panel orientation to enhance energy production. Their innovative designs offer robust performance and an industry-leading cost advantage for installations.

FTS Solar, Inc. (Nasdaq: FTCI) reported fourth-quarter 2022 financial results with revenue of $26.2 million, marking a 58% increase quarter-over-quarter but a 74% decline year-over-year. The gross margin improved significantly, yielding a GAAP gross loss of $1.9 million (7.3% of revenue), compared to a $9.5 million loss in the previous quarter. The company achieved a record project backlog of $1.2 billion and a project pipeline of 110GW. Looking ahead, FTC Solar expects first-quarter revenue growth of 37%-53% and positive gross margin. The joint venture for U.S. manufacturing aims to leverage domestic steel for enhanced competitive positioning and compliance with the Inflation Reduction Act.

FTC Solar, Inc. (Nasdaq: FTCI) has announced it will report its fourth quarter and full year 2022 financial results on February 28, 2023, before market open. A conference call will follow at 8:30 a.m. E.T. to discuss the results and outlook, accessible via their website. Founded in 2017, FTC Solar specializes in solar tracker systems, technology, software, and engineering services, enhancing energy production through optimized solar panel orientation. The company aims to provide an industry-leading installation cost-per-watt advantage.

FTC Solar, Inc. (Nasdaq: FTCI) has entered into a joint venture with Taihua New Energy to form Alpha Steel LLC. This partnership focuses on manufacturing steel components for utility-scale solar projects, enhancing the company's domestic supply chain. The new facility in Sealy, Texas is set to begin production in mid-2023, utilizing U.S. steel to bolster the U.S. solar market. CEO Sean Hunkler noted that the initiative will accelerate their market presence while supporting clean energy growth.