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

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Earnings data Q2 2024

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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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FTC Solar has imploded since its public offering about one and a half years ago. Revenues have fallen substantially, triggering large losses in the meantime.

FTC Solar: No Sunshine Here

Project expected to be largest DC-coupled solar and battery project in Australia Project expected to be largest DC-coupled solar and battery project in Australia

FTC Solar to Supply 128MW Hybrid Solar Project in Australia

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New Pioneer 1P Tracker Selected for its ease of installation, fewer required foundations and low capital and labor cost New Pioneer 1P Tracker Selected for its ease of installation, fewer required foundations and low capital and labor cost

FTC Solar and Primoris Announce 500 Megawatt Tracker Supply Agreement

Requires 18%-36% fewer foundations, reducing capital and labor cost Enables 5%+ greater energy output with higher density  New 500 megawatt tracker agreement to include multiple projects utilizing Pioneer AUSTIN, Texas , Sept. 15, 2022 /PRNewswire/ -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, announced today that it has introduced a new and differentiated, one module in portrait (1P) Solar Tracker Solution.

FTC Solar Launches New 1P Solar Tracking System - Pioneer

FTC Solar, Inc. (NASDAQ:FTCI ) Q2 2022 Earnings Conference Call August 9, 2022 8:30 AM ET Company Participants Bill Michalek - VP, IR Sean Hunkler - President & CEO Phelps Morris - CFO Patrick Cook - Chief Commercial Officer Conference Call Participants Kashy Harrison - Piper Sandler Donovan Schafer - Northland Capital Pavel Molchanov - Raymond James Jeffrey Osborne - Cowen and Company Maheep Mandloi - Credit Suisse Philip Shen - ROTH Capital Julien Dumoulin-Smith - Bank of America Operator Good day, and welcome to the FTC Solar Second Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode.

FTC Solar, Inc. (FTCI) CEO Sean Hunkler on Q2 2022 Results - Earnings Call Transcript

FTC Solar (FTCI) delivered earnings and revenue surprises of -12.50% and 7.68%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

FTC Solar (FTCI) Reports Q2 Loss, Lags Revenue Estimates

Second Quarter Highlights and Recent Developments Second Quarter Highlights and Recent Developments

FTC Solar Announces Second Quarter 2022 Financial Results

New offering provides rapid solar tracking design through installation for sites under 20 megawatts FTC will utilize its proprietary Voyager+ tracker, a next-generation 2P single-axis tracker, which provides ease of installation, high energy yields vs. fixed-tilt systems, and reliability even when faced with harsh weather conditions.

FTC Solar and AUI Partners to Shorten Build Times and Increase Energy Yields with New Distributed Generation Solar Tracking Solutions

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Energy prices have been on the rise this year. Russia has put the clamps on Europe, and countries, companies and consumers are looking for alternatives.

Why Piper Sandler Is Pumping the Brakes on These 3 Solar Stocks

AUSTIN, Texas, July 26, 2022 (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 2022 financial results before market open on Tuesday, August 9, 2022.

FTC Solar to Announce Second Quarter 2022 Financial Results Tuesday, August 9, 2022

AUSTIN, Texas, June 14, 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 closed the acquisition of HX Tracker, an emerging China-based supplier of 1P tracker systems.

FTC Solar Closes Acquisition of HX Tracker

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On Monday, the White House moved to boost the solar energy sector and encourage domestic production of solar equipment. The measures include pausing new tariffs on solar imports for the next two years as well as invoking the Defense Production Act to prioritize solar equipment through grants and loans.

The Sun Is Rising for Solar Stocks

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There are big changes coming to the U.S. solar industry.

Why Solar Energy Stocks Jumped Today

Shares of several solar-related companies, including FTC Solar Inc (NASDAQ: FTCI), are trading higher amid a report President Biden will issue a proclamation allowing the import of solar panels from several countries without tariffs for 24 months. Biden is planning to invoke the "Defense.

Why FTC Solar Shares Are Rising

AUSTIN, Texas, June 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 its Chief Executive Officer Sean Hunkler and Chief Financial Officer Phelps Morris are scheduled to participate in meetings with investors at the following upcoming conferences:

FTC Solar to Participate in Upcoming Investor Conferences

NEW YORK , May 30, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of FTC Solar, Inc. ("FTC Solar" or the "Company") (NASDAQ: FTCI).  Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of FTC Solar, Inc. - FTCI

New York, New York--(Newsfile Corp. - May 28, 2022) - Pomerantz LLP is investigating claims on behalf of investors of FTC Solar, Inc. ("FTC Solar" or the "Company") (NASDAQ: FTCI). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.The investigation concerns whether FTC Solar and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information...

Shareholder Alert: Pomerantz Law Firm Investigates Claims on Behalf of Investors of FTC Solar, Inc. - FTCI

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Why FTC Solar Plunged 35.7% on Tuesday

FTC Solar, Inc. (NASDAQ:FTCI ) Q1 2022 Results Conference Call May 10, 2022 8:30 AM ET Company Participants Bill Michalek - Vice President, Investor Relations Sean Hunkler - President and Chief Executive Officer Phelps Morris - Chief Financial Officer Patrick Cook - Chief Commercial Officer Conference Call Participants Philip Shen - ROTH Capital Maheep Mandloi - Credit Suisse Pavel Molchanov - Raymond James Julien Dumoulin-Smith - Bank of America Donovan Schafer - Northland Capital Kashy Harrison - Piper Sandler Operator Good day and thank you for standing by. Welcome to the FTC Solar First Quarter 2022 Earnings Conference Call.

FTC Solar, Inc. (FTCI) CEO Sean Hunkler on Q1 2022 Results - Earnings Call Transcript

FTC Solar (FTCI) delivered earnings and revenue surprises of -66.67% and 13.07%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

FTC Solar (FTCI) Reports Q1 Loss, Misses Revenue Estimates

First Quarter Highlights and Recent Developments First Quarter Highlights and Recent Developments

FTC Solar Announces First Quarter 2022 Financial Results

AUSTIN, Texas, April 28, 2022 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a global provider of solar tracker systems, software and engineering services, today announced it will report its first quarter 2022 financial results before market open on Tuesday, May 10, 2022.

News for FTC Solar Stock (FTCI)