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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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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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.

FTC Solar Sells Stake in Dimension Energy for $22 Million

FTC Solar (FTCI) CEO, Tony Etnyre on Q1 2021 Results - Earnings Call Transcript

First Quarter Highlights and Recent Developments

FTC Solar Announces First Quarter 2021 Financial Results

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Why FTC Solar Plunged 23.4% Today

FTC Solar is a rapidly growing, yet not profitable solar tracker company. I like the prospects for the company and its growth, but margins are very soft.

FTC Solar: Perhaps Some Sunshine

On its first day of trading, FTCI stock has taken off as investors price in increasing enthusiasm around solar energy-related stocks. The post FTCI Stock: 7 Things to Know as FTC Solar Starts Trading Today appeared first on InvestorPlace.

FTCI Stock: 7 Things to Know as FTC Solar Starts Trading Today

FTC Solar Inc.'s stock rallied out of the gate Wednesday, even after the solar tracker systems company's upsized initial public offering priced well below the expected range. The company had said on Tuesday that it expectd to offer 18.42 million shares in the IPO, which was expected to price between $18 and $20 a share, but then said overnight that it sold 19.84 million shares at $13 a share to raise $257.92 million.

FTC Solar's stock opens higher, after IPO priced at a lower-than-expected price

FTC Solar Inc. priced its upsized initial public offering on Wednesday at $13 a share, well below its proposed price range of $18 to $20. The company, which makes solar tracker systems, offer 19.8 million shares, up from an earlier plan to offer 18.4 million.

FTC Solar prices IPO at $13 a share, well below $18 to $20 price range

FTC Solar, Inc (NASDAQ: FTCI) priced 19.84 million shares at $13 per share to raise $257.92 million in its initial public offering (IPO). The shares are expected to begin trading under the symbol “FTCI” on the Nasdaq today.

FTC Solar Raises $258M From IPO Priced At $13 Per Share

AUSTIN, Texas, April 27, 2021 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (“FTC”) today announced the pricing of its initial public offering of 19,840,000 shares of its common stock at a price of $13.00 per share, before underwriting discounts and commissions. The shares are expected to begin trading on The Nasdaq Global Market on April 28, 2021 under the symbol “FTCI.” The offering is expected to close on April 30, 2021, subject to customary closing conditions. FTC has granted the underwriters a 30-day option to purchase up to an additional 2,976,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions.

FTC Solar Announces Pricing of Initial Public Offering

A seasoned team of solar industry veterans is behind FTC Solar as the panel tracking equipment and software maker has its IPO. FTCI stock will start trading on Wednesday.

FTCI Stock IPO: What to Know as FTC Solar Preps to Come Public

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News for FTC Solar Stock (FTCI)