FTC Solar

FTC Solar, Inc. provides solar tracker systems, technology, software, and engineering services. Solar trackers significantly increase energy production at solar power installations by dynamically optimizing solar panel orientation to the sun. The company was founded by David Springer and Ahmad R. Chatila in 2017 and is headquartered in Austin, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

FTC Solar reports robust Q4 performance, eyes international expansion

FTC Solar's Q4 2022 earnings call showcased strong performance, operational improvements, and positive market trends. Challenges include managing steel price increases and fierce competition in non-UFLPA projects. Opportunities lie in revenue growth, margin improvement, and international expansion.

FTC Solar reports positive Q1 results, eyes revenue growth

FTC Solar's Q1 2023 earnings call showcased positive performance with revenue exceeding targets, improved gross margins, and a strong cash position. The company's focus on new products, cost-effective solutions, and customer diversification positions it well for future growth and profitability.

FTC Solar reports Q2 revenue miss, eyes growth in 2024

FTC Solar faced revenue challenges in Q2 but remains optimistic about future growth opportunities.
The company's strong backlog, recent project wins, and cost control measures support a positive outlook for 2024.
Management's disappointment with Q2 results underscores the need for improved execution and revenue realization strategies.
Analyst questions during the call highlighted key focus areas for the company's future performance and strategic direction.

FTC Solar reports Q3 results, addresses challenges, eyes international growth

FTC Solar reported Q3 performance with improved gross profit and cost management. The company faces challenges in project delays and investor skepticism but sees opportunities in international expansion and revenue growth strategies.
The leadership transition and strategic focus on 1P offerings demonstrate strengths in continuity and proactive market expansion. FTC Solar's positive outlook for 2024 signals resilience and growth potential in the renewable energy sector.

FTC Solar reports revenue growth in Q4, eyes profitability in 2024

FTC Solar's Q4 showed revenue growth and progress towards profitability. Strong liquidity position and focus on cost reduction and process improvement. Challenges with limited purchase orders being addressed with enhanced customer engagement.

FTC Solar meets Q1 targets, eyes profitability amid growth opportunities

FTC Solar's Q1 performance showed progress towards financial targets, with a focus on future growth and profitability milestones.
Despite facing challenges related to cost management and achieving profitability, the company benefits from a strong product portfolio and solid demand visibility.
Opportunities lie in continued revenue growth, international expansion, and operational enhancements to drive profitability and market leadership for FTC Solar.

FTC Solar reports Q3 revenue dip but eyes profitability in 2025

FTC Solar showcased a strong position with a focus on the 1P Pioneer product category and potential profitability in 2025.
Despite financial challenges, the company's strategic initiatives and liquidity agreements position it for growth and stability.
Analysts highlighted opportunities for revenue growth through cross-selling, geographic expansion, and operational optimization.

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Fourth Quarter Highlights and Recent Developments Fourth Quarter Highlights and Recent Developments

FTC Solar Announces Fourth Quarter and Full Year 2021 Financial Results and Value-Creating International Acquisition

AUSTIN, Texas, March 8, 2022 /PRNewswire/ -- 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 position with proprietary dampening technology – was independently characterized through wind tunnel testing carried out by RWDI.

FTC Solar Demonstrates Effectiveness of Proprietary Damping Technology Against Wind in New Whitepaper

AUSTIN, Texas, March 02, 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 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.

FTC Solar Reaffirms 2022 Financial Outlook; Announces Earnings Date and Upcoming Conference Participation

FTC Solar (FTCI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy FTC Solar (FTCI) Ahead of Earnings?

AUSTIN, Texas, Feb. 7, 2022 /PRNewswire/ -- 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. The solar project, located in Mount Isa Australia represents FTC Solar's largest project outside the United States.

FTC Solar Awarded Supply Contract for APA Group's 88 MW Australian Solar Project

FTC Solar (FTCI) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

FTC Solar (FTCI) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Investors are finding little inspiration to warm up to this solar stock.

Why Shares of FTC Solar Are Crashing Today

FTC Solar Inc (NASDAQ:FTCI) faces near-term challenges and there are concerns about the long-term profitability of its business, according to BofA Securities. The FTC Solar Analyst: Julien Dumoulin-Smith downgraded the rating for FTC Solar from Neutral to Underperform, while lowering the price target from $9 to $5.

BofA Downgrades FTC Solar On Delays, Inflation And Low Margins: What's Next?

AUSTIN, Texas, Jan. 07, 2022 (GLOBE NEWSWIRE) -- 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.

FTC Solar CEO Sean Hunkler to provide 2022 Business Update

AUSTIN, Texas, Jan. 06, 2022 (GLOBE NEWSWIRE) -- 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 24th Annual Needham Virtual Growth Conference on Tuesday, January 11, 2022 at 5:00 p.m. Eastern Time.

FTC Solar to Present at 24th Annual Needham Virtual Growth Conference

FTC Solar, Inc. (FTCI) CEO Sean Hunkler on Q3 2021 Results - Earnings Call Transcript

Continued losses aren't impressing investors.

Why FTC Solar's Stock Dropped 12.4% on Wednesday

Third Quarter Highlights and Recent Developments Third Quarter Highlights and Recent Developments

FTC Solar Announces Third Quarter 2021 Financial Results

AUSTIN, Texas, Nov. 9, 2021 /PRNewswire/ --  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.

FTC Solar Awarded 504 MW Project in Arizona

Is a Surprise Coming for FTC Solar (FTCI) This Earnings Season?

Innovative Agrivoltaic project will be first of its kind in Botswana, part of BUAN University AUSTIN, Texas, Nov. 4, 2021 /PRNewswire/ -- 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 FTC Solar," said Ali Mortazavi, FTC Solar's head of Sales and Marketing.

FTC Solar Announces Its First Solar Project in Africa

AUSTIN, Texas, Oct. 28, 2021 (GLOBE NEWSWIRE) -- 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.

FTC Solar to Announce Third Quarter 2021 Financial Results Wednesday, November 10, 2021

- 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.

FTC Solar's New Voyager+ Solar Tracker for Large Format Modules Withstands Winds up to 120 Miles Per Hour

Sean Hunkler named President, CEO and Board member effective Sept. 24; joining FTC Solar at a time of significant growth for the company Sean Hunkler named President, CEO and Board member effective Sept. 24; joining FTC Solar at a time of significant growth for the company

FTC Solar Announces CEO Transition

FTC Solar is a provider of solar trackers and a developer of solar tracker software. Solar trackers increase solar installation energy production and lower the cost per watt of solar installations.

FTC Solar: Competitive Technology And A Compelling Origin Story

FTC Solar, Inc. (FTCI) CEO Tony Etnyre on Q2 2021 Results - Earnings Call Transcript

Second Quarter Highlights and Recent Developments

FTC Solar Announces Second Quarter 2021 Financial Results

AUSTIN, Texas, Aug. 06, 2021 (GLOBE NEWSWIRE) -- 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 shareholder to pledge common stock in the Company as collateral for a margin loan, and does not otherwise permit such shareholder to sell common stock prior to the end of the lockup period. The waiver will take effect on August 10, 2021 and the shares of common stock may be pledged on or after such date.

FTC Solar Announces Individual Waiver of Certain Lockup Restriction

AUSTIN, Texas, July 28, 2021 (GLOBE NEWSWIRE) -- 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.

FTC Solar to Announce Second Quarter 2021 Financial Results Wednesday, August 11, 2021

AUSTIN, Texas, June 28, 2021 (GLOBE NEWSWIRE) -- 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.

News for FTC Solar Stock (FTCI)