FTC Solar, Inc. provides solar tracker systems, and software and engineering services in the United States and internationally. The company markets its two-panel in-portrait single-axis tracker systems under the Voyager brand name. Its software solutions include SunPath, a solution to enhance energy production; SunDAT, an online 3D solar PV design solution; and Atlas, a solar portfolio management solution. The company serves customers through a sales and support network. Its customers include solar asset owners and project developers; and engineering, procurement, and construction contractors that design and build solar energy projects. The company was incorporated in 2017 and is headquartered in Austin, Texas.
IPO Year: 2021
Exchange: NASDAQ
Website: ftcsolar.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/14/2024 | Buy → Neutral | ROTH MKM | |
| 11/9/2023 | $0.65 | Outperform → Market Perform | Northland Capital |
| 8/15/2023 | $4.00 → $2.50 | Buy → Neutral | UBS |
| 4/13/2023 | $5.00 | Buy | H.C. Wainwright |
| 3/15/2023 | $2.00 → $3.50 | Underperform → Buy | BofA Securities |
| 7/19/2022 | $2.00 → $3.50 | Underweight → Neutral | Piper Sandler |
| 6/6/2022 | Neutral → Buy | ROTH Capital | |
| 5/23/2022 | $7.00 | Outperform | Northland Capital |
| 4/21/2022 | $4.00 → $3.00 | Neutral → Underweight | Piper Sandler |
| 4/8/2022 | $9.00 → $4.00 | Overweight → Neutral | Piper Sandler |
AUSTIN, Texas, Oct. 23, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (NASDAQ:FTCI), a leading provider of solar tracker systems, and Sandhills Energy ("Sandhills") announced today that FTC will be supplying its innovative 1P Pioneer trackers for 1 gigawatt of projects over three sites. The projects include a 448-megawatt project in Burt County, Nebraska, a 320-megawatt project in Cass County, Nebraska, both about 50 miles outside of Omaha, and the previously announced 225-megawatt project in Butler County, Nebraska. "We're pleased to have selected FTC Solar for these key projects, based on their innovative and differentiated 1P tracker technology and strong support of our objectives," said E
AUSTIN, Texas, Sept. 10, 2024 (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 Strata Clean Energy (Strata) to supply approximately 500 megawatts of its Voyager 2P solar tracker technology for multiple project sites in the U.S. and will be the preferred 2P solar tracker supplier over a three-year initial term, which could expand to over a gigawatt of volume. Strata is expected to utilize a combination of FTC Solar's tracker solutions for the sites, along with FTC's innovative SunPath software to further enhance output and performance. "FTC certainly has one of th
AUSTIN, Texas, Aug. 28, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (NASDAQ:FTCI), a leading global provider of solar tracker systems, software, and engineering services, is pleased to announce its participation at the RE+ 20th solar industry event in Anaheim, California from September 9-12, 2024. At the event, the company will sponsor a public lounge area, offer one-on-one meeting opportunities, and showcase its Pioneer 1P product line. FTC Solar's Pioneer 1P tracker embodies the essence of this year's RE+ event theme, "Renewing What's Possible," by setting new standards for constructability and performance in solar tracking technology. Designed with a focus on intuitive, safe, and effi
AUSTIN, Texas, Aug. 16, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (NASDAQ:FTCI), a leading global provider of solar tracker systems, software, and engineering services, today announced that, in accordance with Nasdaq Listing Center requirements, Yann Brandt, the Company's President and Chief Executive Officer, will be granted an employment inducement award in reliance on Nasdaq Stock Market Listing Rule 5635(c). As previously announced, the Company and Mr. Brandt have entered into an employment agreement, dated July 17, 2024 (the "Employment Agreement"), for his employment with the Company commencing on August 19, 2024 (the "Employment Commencement Date") in connection with his appointment
AUSTIN, Texas, Aug. 16, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (NASDAQ:FTCI), a leading global provider of solar tracker systems, software, and engineering services, today announced the appointment of Pablo Barahona to its Board of Directors, effective August 12, 2024. Mr. Barahona replaces Isidoro Quiroga Cortes, who resigned from the Board effective August 11, 2024, after more than four years of service to the Board. "We're pleased to welcome Pablo to the FTC Solar Board of Directors," said Shaker Sadasivam, Chairman of the Board, FTC Solar. "Pablo's vast knowledge of different economic sectors across global markets particularly in Latin America and Europe and significant experience i
AUSTIN, Texas, Aug. 15, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (NASDAQ:FTCI), a leading global provider of solar tracker systems, software, and engineering services, announced today that Isidoro Quiroga Cortes has resigned from the company's Board of Directors, effective August 11, 2024, after more than four years of service to the Board. During his time with FTC Solar, Mr. Quiroga Cortes provided guidance and valuable insights into such areas as corporate strategy, governance, and organizational structure. "I'd like to sincerely thank Isidoro for his service to the Board and continued support of FTC Solar," said Shaker Sadasivam, Chairman of the Board, FTC Solar. "He has made many
Second quarter revenue of $11.4 millionIndustry veteran Yann Brandt named new CEO, effective August 19Contracted portion of backlog now stands at $505 millionCompany continues to identify operational efficiencies while investing strategically in sales resources AUSTIN, Texas, Aug. 08, 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 second quarter ended June 30, 2024. Second Quarter Results"Results for the second quarter were in line with our targets," said Shaker Sadasivam, Chairman of the Board of FTC Solar. "The company continues to drive key initiatives
AUSTIN, Texas, Aug. 01, 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 second quarter financial results before market open on Thursday, August 8, 2024. A conference call for members of the investment community will be held at 8:30 a.m. E.T. that same day, during which the Company will discuss its second quarter 2024 results, its outlook and other business items. This call will be webcast and can be accessed within the Investor Relations section of the FTC Solar corporate website at investor.ftcsolar.com. A replay of the conference call will also be available on the
AUSTIN, Texas, July 23, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (NASDAQ:FTCI), a leading provider of solar tracker systems, software and engineering services, today announced that its Board of Directors has appointed Yann Brandt, a longtime solar executive, as the company's new President and Chief Executive Officer and a member of the Board, effective August 19, 2024. His appointment has been made following a robust and competitive search process carried out by the Board with support from external resources. Shaker Sadasivam, Chairman of the Board of FTC Solar, said, "FTC has built a strong industry brand and foundation as a company, with a robust catalog of single-axis trackers for both
AUSTIN, Texas, May 30, 2024 /PRNewswire/ -- FTC Solar, Inc. (NASDAQ:FTCI) a leading provider of innovative solar energy solutions, announces the launch of its Automated Hail Stow Solution, aimed at minimizing solar panel damage caused by hail storms. The solution integrates advanced technology with meteorological data to automatically adjust the positioning of solar panels, reducing the risk of hail-related damage. Hail storms pose a significant threat to solar panel installations, with insurance claims in the US averaging about $58.4 million per incident. In response to this
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8-K - FTC Solar, Inc. (0001828161) (Filer)
8-K - FTC Solar, Inc. (0001828161) (Filer)
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The Dow Jones index closed higher by over 50 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Sacks Parente Golf The Trade: Sacks Parente Golf, Inc. (NASDAQ:SPGC) Director Brett Widney Hoge bought a total of 19,167 shares at an average price of $0.50. To acquire these shares, it cost around $9,584. What's Happening: On April 30, Sacks Pa
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Gainers MingZhu Logistics Hldgs (NASDAQ:YGMZ) shares moved upwards by 76.5% to $0.62 during Friday's after-market session. The market value of their outstanding shares is at $22.9 million. Earlyworks Co (NASDAQ:ELWS) stock rose 48.58% to $3.15. The market value of their outstanding shares is at $9.4 million. Multi Ways Holdings (AMEX:MWG) stock rose 28.08% to $0.44. The market value of their outstanding shares is at $13.4 million. Sentage Hldgs (NASDAQ:SNTG) stock rose 10.4% to $2.44. The company's market cap stands at $6.8 million. Advent Technologies Hldgs (NASDAQ:ADN) stock moved upwards by 10.12% to $3.48. The company's market cap stands at $9.0 million. Markforged Holding (NYSE:MK
AUSTIN, Texas, Aug. 16, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (NASDAQ:FTCI), a leading global provider of solar tracker systems, software, and engineering services, today announced the appointment of Pablo Barahona to its Board of Directors, effective August 12, 2024. Mr. Barahona replaces Isidoro Quiroga Cortes, who resigned from the Board effective August 11, 2024, after more than four years of service to the Board. "We're pleased to welcome Pablo to the FTC Solar Board of Directors," said Shaker Sadasivam, Chairman of the Board, FTC Solar. "Pablo's vast knowledge of different economic sectors across global markets particularly in Latin America and Europe and significant experience i
AUSTIN, Texas, Aug. 15, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (NASDAQ:FTCI), a leading global provider of solar tracker systems, software, and engineering services, announced today that Isidoro Quiroga Cortes has resigned from the company's Board of Directors, effective August 11, 2024, after more than four years of service to the Board. During his time with FTC Solar, Mr. Quiroga Cortes provided guidance and valuable insights into such areas as corporate strategy, governance, and organizational structure. "I'd like to sincerely thank Isidoro for his service to the Board and continued support of FTC Solar," said Shaker Sadasivam, Chairman of the Board, FTC Solar. "He has made many
AUSTIN, Texas, July 23, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (NASDAQ:FTCI), a leading provider of solar tracker systems, software and engineering services, today announced that its Board of Directors has appointed Yann Brandt, a longtime solar executive, as the company's new President and Chief Executive Officer and a member of the Board, effective August 19, 2024. His appointment has been made following a robust and competitive search process carried out by the Board with support from external resources. Shaker Sadasivam, Chairman of the Board of FTC Solar, said, "FTC has built a strong industry brand and foundation as a company, with a robust catalog of single-axis trackers for both
AUSTIN, Texas, Dec. 07, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (NASDAQ:FTCI), a leading provider of solar tracker systems, software, and engineering services, announced today that it has formed a Customer Advisory Board to support growth and a world-class customer experience, and has named renewables expert Anthony Carroll as its inaugural Chairman. The advisory board will serve as a valuable resource to support company growth from pipeline development through purchase order. Consistent feedback will also ensure the company provides increasingly valuable solutions for customers with a product strategy and roadmap that best aligns with evolving needs in the marketplace. The formation of
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. Mr. Alvarez brings over 35 years of solar and engineering experience to FTC Solar. He currently serves as EVP of Memory Solutions at Infineon, where he is responsible for all aspects of the company's memory business. Prior to that, he was CEO of Solaria, a leading residential solar company. Mr. Alvarez's experience also includes CEO or other senior-lev
T.J. Rodgers to step down from Board after 5 yearsShaker Sadasivam named Chairman of the BoardTamara Mullings to join the Board AUSTIN, Texas, Jan. 23, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (NASDAQ:FTCI), a leading global provider of solar tracker systems, software, and engineering services, today announced that Thurman John "T.J." Rodgers, Chairman of the Board of Directors of FTC Solar, has informed the Board that he is stepping down after five years in the role. He will remain a shareholder and continue to be available as an independent advisor. Shaker Sadasivam, an FTC Solar director since 2017, will succeed Rodgers as Chairman. Mr. Rodgers is a founding investor in FTC Solar and
AUSTIN, Texas, Sept. 14, 2021 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (NASDAQ:FTCI), a fast-growing global provider of solar tracker systems, software and engineering services, today announced that Tony Etnyre will step down as CEO and member of the Board of Directors. The Board has appointed Sean Hunkler as his successor effective Sept. 24, 2021. Etnyre will continue to support the company on strategic matters and business development through a transition period reaching into 2022. T.J. Rodgers, Chairman of the FTC Solar Board of Directors, said, "This transition comes at a time when Tony's customer adoption efforts at FTC Solar are delivering unprecedented growth, but we are being challenge
Second quarter revenue of $11.4 millionIndustry veteran Yann Brandt named new CEO, effective August 19Contracted portion of backlog now stands at $505 millionCompany continues to identify operational efficiencies while investing strategically in sales resources AUSTIN, Texas, Aug. 08, 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 second quarter ended June 30, 2024. Second Quarter Results"Results for the second quarter were in line with our targets," said Shaker Sadasivam, Chairman of the Board of FTC Solar. "The company continues to drive key initiatives
AUSTIN, Texas, Aug. 01, 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 second quarter financial results before market open on Thursday, August 8, 2024. A conference call for members of the investment community will be held at 8:30 a.m. E.T. that same day, during which the Company will discuss its second quarter 2024 results, its outlook and other business items. This call will be webcast and can be accessed within the Investor Relations section of the FTC Solar corporate website at investor.ftcsolar.com. A replay of the conference call will also be available on the
First quarter revenue of $12.6 millionCompany remains focused on purchase orders, operational efficiencies, quality and customer serviceTotal backlog now stands at $1.8 billionContinue to expect to achieve quarterly profitability in 2024 AUSTIN, Texas, May 10, 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 first quarter ended March 31, 2024. First Quarter Results"The company's first-quarter results were in line with our targets," said Shaker Sadasivam, Chairman of the Board of FTC Solar. "During the quarter, the company remained focused on advancing key initi
AUSTIN, Texas, May 06, 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 first quarter financial results before market open on Friday, May 10, 2024. A conference call for members of the investment community will be held at 8:30 a.m. E.T. that same day, during which the Company will discuss its first quarter 2024 results, its outlook and other business items. This call will be webcast and can be accessed within the Investor Relations section of the FTC Solar corporate website at investor.ftcsolar.com. A replay of the conference call will also be available on the website
Heliogen, Inc. ("Heliogen") (OTCQX:HLGN), a leading provider of AI-enabled concentrating solar energy technology, today provided its fourth quarter and full year 2023 financial and operational results and announced the appointment of its new Chief Financial Officer. Financial and Operational Highlights 2.0 gigawatts ("GW") in opportunity pipeline, an increase of nearly 1.2 GW since August 2023 Demonstrated third-party validation of the effectiveness of Heliogen's proprietary control system at Sandia National Laboratories' National Solar Thermal Test Facility, validating software's role in enhancing solar plant efficiency and interoperability, paving the way for commercialization thr
Fourth quarter revenue of $23.2 millionContinue to improve cost structure to lower break-even revenue levelAdded approximately $213 million to backlog1 since Nov. 8; acceleration in contracted projectsAnthony 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. "Along with those results, the company
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. A conference call for members of the investment community will be held at 5:00 p.m. E.T. that same day, during which the Company will discuss its fourth quarter and full year 2023 results, its outlook and other business items. This call will be webcast and can be accessed within the Investor Relations section of the FTC Solar corporate website at investor.ftcsolar.com. A replay of the conference c
Third Quarter Highlights and Recent Developments Revenue of $30.5 million up 84% y/y, down 5.6% q/qContinue to improve cost structure, as evidenced by gross margin on sub-scale revenue levelsProject backlog of approximately $1.6 billion, with approximately $60 million added since August 9Leadership 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 hav
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. A conference call for members of the investment community will be held at 8:30 a.m. E.T. that same day, during which the Company will discuss its third quarter 2023 results, its outlook and other business items. This call will be webcast and can be accessed within the Investor Relations section of the FTC Solar corporate website at investor.ftcsolar.com. A replay of the conference call will also be available on the
Second Quarter Highlights and Recent Developments Gross margin expansion of 180 basis points q/q GAAP, 90 bps Non-GAAP, despite project push-outsProject backlog reaches $1.6 billion, with $259 million recently addedAwarded landmark 1GW solar project, part of Cat Creek's renewables agreement with BayerAwarded 300MW of solar projects in Spain and Italy, expanding served marketAwarded 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,
ROTH MKM downgraded FTC Solar from Buy to Neutral
Northland Capital downgraded FTC Solar from Outperform to Market Perform and set a new price target of $0.65
UBS downgraded FTC Solar from Buy to Neutral and set a new price target of $2.50 from $4.00 previously
H.C. Wainwright initiated coverage of FTC Solar with a rating of Buy and set a new price target of $5.00
BofA Securities upgraded FTC Solar from Underperform to Buy and set a new price target of $3.50 from $2.00 previously
Piper Sandler upgraded FTC Solar from Underweight to Neutral and set a new price target of $3.50 from $2.00 previously
ROTH Capital upgraded FTC Solar from Neutral to Buy
Northland Capital initiated coverage of FTC Solar with a rating of Outperform and set a new price target of $7.00
Piper Sandler downgraded FTC Solar from Neutral to Underweight and set a new price target of $3.00 from $4.00 previously
Piper Sandler downgraded FTC Solar from Overweight to Neutral and set a new price target of $4.00 from $9.00 previously