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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Akoustis Technologies

Arbe Robotics Ltd

Gevo

Gold Resource

Microvast Holdings

Stem, Inc

Speculative penny stocks: we all love them and they're super dangerous. You “invest” at your own risk, let me be 100% clear about that.

7 Penny Stocks if You Believe Lady Luck's on Your Side

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 36th 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 company will also participate in meetings with investors that day.

FTC Solar to Present at Roth Conference March 18, 2024

FTC Solar, Inc. (FTCI) Q4 2023 Earnings Call Transcript

FTC Solar (FTCI) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.11 per share a year ago.

FTC Solar (FTCI) Reports Q4 Loss, Tops Revenue Estimates

Fourth quarter revenue of $23.2 million Continue to improve cost structure to lower break-even revenue level Added approximately $213 million to backlog1 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, today announced financial results for the fourth quarter ended December 31, 2023. Fourth Quarter Results “The company's fourth-quarter results were in line with our targets,” said Shaker Sadasivam, Chairman of the Board of FTC Solar.

FTC Solar Announces Fourth Quarter 2023 Financial Results

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.

FTC Solar to Announce Fourth Quarter and Full Year 2023 Financial Results Wednesday, March 13, 2024

CommScope Hld

NextNav

Sabre

Whether you're trading penny stocks or higher-priced companies, what's happening in the stock market today can have a sweeping impact on various trends. Hopefully, I'm telling you something you already know.

Penny Stocks To Buy Now? 4 To Watch In The Stock Market Today

Atara Biotherapeutics

Blade Air Mobility

Fortress Biotech

Gossamer Bio Inc

GrowGeneration Corp

iHeartMedia

Ondas Holdings

PureCycle Technologies

Ring Energy

Xeris Biopharma Holdings

Ever wonder what signals to look for in the stock market today? Let's talk about insider buying – a goldmine of clues that could lead you to the next prospect to add to your list of penny stocks to watch.

11 Top Penny Stocks To Buy Now According To Insiders

Penny stocks are often priced under $5 per share. They attract traders seeking big gains.

5 Penny Stocks To Buy Now According To Insiders

FTC Solar, Inc. (NASDAQ:FTCI ) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Bill Michalek - Vice President, Investor Relations Shaker Sadasivam - Chairman of the Board Patrick Cook - Chief Commercial Officer Cathy Behnen - Chief Financial Officer Conference Call Participants Philip Shen - ROTH MKM Donovan Schafer - Northland Capital Markets Amit Dayal - H.C. Wainwright Pavel Molchanov - Raymond James & Associates Jon Windham - UBS Alex Vrabel - Bank of America Operator Hello and welcome to FTC Solar Third Quarter 2023 Earnings Conference Call.

FTC Solar, Inc. (FTCI) Q3 2023 Earnings Call Transcript

BOSTON--(BUSINESS WIRE)--Berman Tabacco, a national law firm representing investors, is investigating potential securities law violations by FTC Solar, Inc. ("FTC Solar" or the "Company") (Nasdaq: FTCI), a provider of solar tracker systems, technology, software, and engineering services. About the Investigation In April 2021, FTC Solar completed an initial public offering. Shares began trading on the Nasdaq on April 28, 2021. On November 8, 2023, Bloomberg reported, “FTC Solar shares plummet 34.

Berman Tabacco Announces Investigation of FTC Solar, Inc. (FTCI) for Potential Securities Law Violations

FTC Solar Inc shares plummeted 62% to $0.46 in late-morning trading on Wednesday after the solar tracking systems maker announced a third quarter 2023 adjusted loss of $0.08 per share, falling short of the analyst consensus forecast for a $0.06 per-share deficit.  Its revenue for the period, however, rose 84% year over year to $30.5 million, edging past the $29.1 million Wall Street estimate although its top-line results fell 5.6% sequentially.

FTC Solar stock plunges on larger 3Q loss, CEO and CFO departure

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 Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced financial results for the third quarter ended September 30, 2023, as well as a leadership transition in which Sean Hunkler and Phelps Morris have departed their roles as CEO and CFO, respectively, and will be leaving the company in December 2023. Leadership Transition “Much of the last two years has been about repositioning the company to be in the right markets with the right technology and cost structure to enable our profitable return to above-market growth rates,” said Shaker Sadasivam, Chairman of the Board of FTC Solar.

FTC Solar Announces Third Quarter 2023 Financial Results and Leadership Transition

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.

FTC Solar to Announce Third Quarter Financial Results Wednesday, November 8, 2023

MaxCyte

Scilex Holding Co

Penny stocks are shares of small companies priced under $5 per share. While the potential returns can be alluring, penny stocks carry high risk.

Penny Stocks To Buy This Week? Analysts Like These 3

AUSTIN, Texas--(BUSINESS WIRE)--With solar accounting for 54% of all new electricity-generating capacity additions in the first quarter of 2023, it's important to keep sites up and running efficiently to continue this trajectory. In a bold leap forward, FTC Solar, Inc. (Nasdaq: FTCI), a leading solar tracker provider, launched SUNOPS—a differentiated cloud-based PV asset monitoring solution poised to redefine solar asset performance management. Driven by FTC Solar's deep tracker domain expertis.

FTC Solar Unveils Tracker-Agnostic SUNOPS Software to Enhance Solar Plant Performance

FTC Solar, Inc. (NASDAQ:FTCI ) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Bill Michalek - VP, IR Sean Hunkler - President, CEO & Director Phelps Morris - CFO Patrick Cook - Chief Commercial Officer Conference Call Participants Donovan Schafer - Northland Capital Markets Philip Shen - ROTH MKM Partners Kasope Harrison - Piper Sandler & Co. Graham Price - Raymond James & Associates Sameer Joshi - H.C. Wainwright & Co. Jeffrey Osborne - TD Cowen Operator Good day, ladies and gentlemen, and thank you for standing by.

FTC Solar, Inc. (FTCI) Q2 2023 Earnings Call Transcript

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 engineering services and Cat Creek Energy, LLC (CCE), a renewable energy Independent Power Producer, today announced a multi-year, 1-gigawatt tracker supply agreement to supply the PV solar portion of CCE's multi-technology renewable energy and water storage project, which is under development in southwest Idaho. Beginning in the fall of 2023, FTC Solar will supply solar tracker equipment and services for the broader $1.5 billion new solar and battery infrastructure CCE will build to fulfill its recent agreement with Bayer, a global enterprise with core competencies in the life science fields of health care and nutrition.

FTC Solar and Cat Creek Energy Announce 1-Gigawatt Tracker Agreement to Supply Landmark Renewables Project

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 megawatts of its solar tracker technology for multiple project sites in Italy and Spain. Five-E is expected to utilize FTC's Voyager tracker for most projects.

FTC Solar Announces 300MW Tracker Agreement in Spain and Italy to Include Utility-Scale Agrivoltaic Projects

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 AUSTIN, Texas, Aug. 09, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced financial results for the second quarter ended June 30, 2023. “Project delays, including some related to domestic content discussions around the Inflation Reduction Act, have continued to challenge us as certain revenue anticipated in the second quarter has been pushed into future periods resulting in an overall disappointing quarter,” said Sean Hunkler, FTC Solar President and Chief Executive Officer.

FTC Solar Announces Second Quarter 2023 Financial Results

Apple

Amgen

Ardelyx

Celsius Holdings

Coinbase

Cisco Systems

Chevron

DocGo

Diamond Offshore Drilling Inc

New Oriental Education & Technology Group

e.l.f. Beauty

Enphase Energy

Evolution Petroleum

Fluence Energy

Genius Sports

GSX Techedu Inc.

Immunocore Holdings

Intel

Inter & Co Inc

JPMorgan Chase & Co

Coca-Cola

MoonLake Immunotherapeutics

Microsoft

Noble Corp PLC

Two new Breakout Stocks for Week 31 curated by the MDA model for 10% short-term upside and additional model selections. This week two of four picks gained over 10% in less than a week with peak gains in CLLS +16.8% AUTL+15.5% but the portfolio failed to hold gains. The streak of weekly picks gaining over 10% in less than a week has increased to 255 out of 322 trading weeks (79.2%) not including multiple gainers or warning signals.

August MDA Breakout Stocks Week 31 - 2023: High-Frequency Gainers To Give You An Edge

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.

FTC Solar to Announce Second Quarter Financial Results Wednesday, August 9, 2023

Array Technologies

Maxeon Solar Technologies

The growth of solar energy has been led by the U.S. and China with now looking like an ideal time for investors to buy solar stocks.

3 Stocks To Buy for the Continued Growth of Solar Energy

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.

FTC Solar Appoints Tony Alvarez as Board Observer

FTC Solar, Inc. (NASDAQ:FTCI ) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Bill Michalek - VP-IR Sean Hunkler - President and CEO Phelps Morris - CFO Patrick Cook - CCO Conference Call Participants Maheep Mandloi - Credit Suisse Philip Shen - ROTH MKM Donovan Schafer - Northland Capital Markets Amit Dayal - H.C. Wainwright Jeff Osborne - TD Cowen Pavel Molchanov - Raymond James Julien Dumoulin-Smith - the Bank of America Kasope Harrison - Piper Sandler Operator Good day, and thank you for standing by.

FTC Solar, Inc. (FTCI) Q1 2023 Earnings Call Transcript

News for FTC Solar Stock (FTCI)