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. (FTCI) delivers innovative solar tracking solutions and engineering services that optimize renewable energy projects worldwide. This dedicated news hub provides investors and industry professionals with essential updates on the company's technological advancements and market position.
Access real-time information about FTCI's solar tracker innovations, strategic partnerships, and financial performance. Our curated news collection features earnings announcements, product launch details, and operational milestones that demonstrate the company's impact on solar energy efficiency.
Key updates include developments in automated weather protection systems, design automation software enhancements, and global project deployments. All content is verified for accuracy and relevance to support informed decision-making in the solar technology sector.
Bookmark this page for streamlined access to FTC Solar's latest announcements. Regularly updated content ensures you maintain current knowledge of the company's contributions to cost-effective renewable energy solutions.
FTC Solar, Inc. reported a remarkable fourth quarter for 2021, achieving revenues of $101.7 million, an increase of 130% year-over-year and 92% quarter-over-quarter. The company continues to focus on strong revenue growth, projecting 62% for 2022. They announced the acquisition of HX Tracker for $4.3 million and 1.4 million shares, aiming to enhance international market presence. Despite a net loss of $23.9 million, FTC Solar improved its product offerings and operational efficiency, positioning itself for potential profitability and further growth in global markets.
FTC Solar (NASDAQ: FTCI) has released a whitepaper in collaboration with RWDI and Engineered Power Solutions detailing the effectiveness of its Voyager solar tracker against wind damage. The study highlights a unique damping technology tested under wind speeds of 105 to 150 mph, ensuring stability and preventing catastrophic failures. This innovation allows for a zero-degree wind stow position, enhancing safety during construction. By pioneering multi-body dynamics simulation, FTC Solar aims to improve the resilience of solar trackers, essential for larger format modules.
FTC Solar (NASDAQ: FTCI) announced it will release its fourth quarter and full year 2021 financial results on March 15, 2022. The company reaffirmed its 2022 financial outlook, projecting revenue growth exceeding market averages and a move towards profitability. The expected 2022 revenue is estimated between $415 million and $460 million, with a non-GAAP gross margin of 11%-14%. The outlook hinges on improved module availability and minimal supply chain disruptions.
FTC Solar (NASDAQ: FTCI) announced a significant contract with Australia's APA Group to supply its Voyager+ 2P tracker for an 88 MW solar project in Mica Creek, QLD. This project marks FTC Solar's largest endeavor outside the U.S., aimed at enhancing energy yields and power density. The company has delivered over 2.5 gigawatts of trackers, showcasing its innovation in solar tracking technology and commitment to expanding globally. CEO Sean Hunkler emphasized the importance of this partnership in promoting renewable energy adoption in Australia.
FTC Solar, Inc. (Nasdaq: FTCI) will host a business insights call on January 18, 2022, at 8:30 a.m. ET, led by CEO Sean Hunkler. This call is part of Hunkler's commitment to provide analysts and investors with insights following his first 100 days in the role, which began on September 14, 2021. The update will cover strategies to enhance FTC Solar’s growth and ensure profitable expansion. Interested parties can access the call via the FTC Solar Investor Relations website, with a replay available for 30 days.
FTC Solar, Inc. (Nasdaq: FTCI), a leader in solar tracker systems and services, announced that CEO Sean Hunkler will present at the 24th Annual Needham Virtual Growth Conference on January 11, 2022, at 5:00 p.m. ET. This event will be available via live webcast from the Events section of FTC Solar’s website.
Founded in 2017, FTC Solar specializes in solar tracker technology that enhances energy production at solar installations by optimizing panel orientation. The company is recognized for its performance and cost-efficiency in the solar industry.
FTC Solar, Inc. (Nasdaq: FTCI) announced that CEO Sean Hunkler and CFO Patrick Cook will meet with investors at upcoming conferences. Hunkler will present at the Nasdaq Investor Conference on December 1, 2021, at 11:00 a.m. ET, with a live webcast available on FTC Solar’s website. Additionally, they will attend the Capital One Securities Annual Energy Conference on December 7, 2021. Founded in 2017, FTC Solar specializes in solar tracker systems that enhance energy production by optimizing panel orientation.
FTC Solar reported third-quarter revenue of $53.0 million, reflecting a 5.8% increase quarter-over-quarter but a decrease of 11% year-over-year. Nine-month revenue surged by 18% year-over-year. The company added contracts totaling $752 million YTD and announced a significant 1.7GW supply transaction. CEO Sean Hunkler noted strong long-term prospects despite project delays impacting Q4 revenue outlook, which has adjusted to $70.0-$80.0 million. Adjusted EBITDA loss was $16.1 million, with improved operating expenses attributed to cost controls.
FTC Solar has been awarded a substantial project in Arizona to provide its Voyager tracker for a 504 megawatts DC solar plus storage facility. The project, contracted by Moss Solar and a Tier 1 U.S. Developer, will also include 260 megawatts AC of energy storage, representing a significant capital investment in the region. Scheduled to begin operations in 2023, this innovative project aims to optimize energy capture while reducing installation costs. FTC Solar continues to grow as a leader in solar technology.
FTC Solar, Inc. (NASDAQ: FTCI) has announced its first project in Africa, located at Botswana University of Agriculture and Natural Resources (BUAN). The agrivoltaic project, utilizing FTC's Voyager+ tracker, will generate approximately 1MW of solar power starting early 2022. Collaborating with AAAS Energy and Soventix, the initiative aims to address climate resilience and energy needs while supporting agricultural research. The African solar market is forecasted to grow significantly, with over 100 gigawatts expected by 2030, representing a substantial market opportunity for FTC Solar.
