UFLPA Related Module Supply Challenges Impact FTC Solar’s Q3/2022 Business; Management Expects Better Times Ahead
Friday, 11 Nov 2022
US solar tracker supplier FTC Solar has reported its executed contracts and awarded orders backlog as having grown to $961 million at the end of Q3/2022 with $203 million added within the quarter, however its annual revenues declined 69% due to lower demand environment in the US.
Wednesday, 05 Oct 2022
Solar tracker systems, software, and engineering services provider FTC Solar announced that it will be supplying its Voyager solar tracker technology to Western-Australian-based 128 MW Cunderdin hybrid PV solar and energy storage project.
Thursday, 15 Sep 2022
US headquartered solar tracker systems supplier FTC Solar has launched a new 1P solar tracking system called Pioneer for which it has also landed a big contract with Primoris Renewable Energy placing a 500 MW order.
Wednesday, 10 Aug 2022
US based solar tracker supplier FTC Solar has reported its Q2/2022 revenues of $30.7 million to have dropped 38% QoQ and 39% YoY, pulled down by lower demand in the US, module availability constraints and regulatory environment.
Tuesday, 09 Aug 2022
US based solar tracker supplier FTC Solar has partnered with solar contracting company AUI Partners to provide solar tracking services for sites under 20 MW capacity, with an eye to utilize its proprietary Voyager+2P tracker for distributed generation segment.
Thursday, 12 May 2022
FTC Solar is witnessing US project decisions and schedules being pushed out in time as a result of the AD/CVD investigation initiated by the US Department of Commerce (DOC) adding to current challenges in module procurement because of which it has now withdrawn annual guidance for 2022.
Wednesday, 16 Mar 2022
US based solar tracker system company FTC Solar, Inc exceeded its Q4/2021 revenue guidance to register an annual growth of 130% with GAAP revenues of $101.7 million, and announced an agreement to acquire Chinese tracker supplier HX Tracker.
Tuesday, 08 Feb 2022
CIM commissions 250 MW Aquamarine Solar Project in California; FTC Solar bags contract for its largest project outside the US to date; Greenbacker has purchased 16.3 MW DC rooftop solar portfolio in Massachusetts CIM commissions 250 MW PV in Californ.
FTC Solar’s CEO Tony Etnyre To Move Out; To Be Replaced By Western Digital Corporation’s Sean Hunkler, An Ex-SunEdison Senior Executive
Wednesday, 15 Sep 2021
US based solar tracker systems and software services provider FTC Solar, Inc. has announced a CEO transition for the company with current incumbent Tony Etnyre stepping down, also as the member of the Board of Directors.
US Solar Tracker Supplier FTC Solar Earns $65.7 mn Revenue In 2021 Q1, Achieves 103% Growth As Compared To Same Period Last Year
Friday, 11 Jun 2021
US solar tracker Company FTC Solar announced its financial results for the first quarter ended 31 March, 2021.
US Solar Tracker Company FTC Solar Planning To Raise $100 Million Through Initial Public Offering & Get Listed On Nasdaq As ‘FTCI’
Friday, 09 Apr 2021
After Array Technologies of the US and Soltec of Spain, another solar PV tracker provider and software solutions company FTC Solar has added its name to the list of solar tracker companies that seek to raise capital from the market, through the initial public offering (IPO) route.
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