FTC Solar Inc.

$FTCI
Semiconductors
Technology

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

Recent Analyst Ratings for FTC Solar Inc.

DatePrice TargetRatingAnalyst
3/14/2024Buy → Neutral
ROTH MKM
11/9/2023$0.65Outperform → Market Perform
Northland Capital
8/15/2023$4.00 → $2.50Buy → Neutral
UBS
4/13/2023$5.00Buy
H.C. Wainwright
3/15/2023$2.00 → $3.50Underperform → Buy
BofA Securities
7/19/2022$2.00 → $3.50Underweight → Neutral
Piper Sandler
6/6/2022Neutral → Buy
ROTH Capital
5/23/2022$7.00Outperform
Northland Capital
4/21/2022$4.00 → $3.00Neutral → Underweight
Piper Sandler
4/8/2022$9.00 → $4.00Overweight → Neutral
Piper Sandler
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FTC Solar Inc. Press Releases

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  • FTC Solar Announces Fourth Quarter 2024 Financial Results

    Fourth quarter revenue of $13.2 million, at the high end of our prior targetEntered into 5-gigawatt supply arrangement with Recurrent EnergyAwarded 330+ megawatt project in Australia from GPG NaturgyAwarded 280-megawatt project in U.S. from RosendinAppointed industry veteran Kent James as U.S. Chief Commercial OfficerReceived additional $3.2 million earn-out on prior investment post quarter endAnnounced upsizing of promissory note offering for up to additional $10-$15 mil. to close in Q2 AUSTIN, Texas, March 31, 2025 (GLOBE NEWSWIRE) --  FTC Solar, Inc. (NASDAQ:FTCI), a leading provider of solar tracker systems, today announced financial results for the fourth quarte

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  • FTC Solar to Announce Fourth Quarter and Full Year 2024 Financial Results Monday, March 31, 2025

    AUSTIN, Texas, March 24, 2025 (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 2024 financial results before market open on Monday, March 31, 2025. 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 fourth quarter and full year 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 cal

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  • FTC Solar Appoints Kent James Chief Commercial Officer

    AUSTIN, Texas, Jan. 14, 2025 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (NASDAQ:FTCI), a leading provider of solar tracker systems, software, and engineering services, announced today that it has appointed solar industry veteran Kent James as Chief Commercial Officer for North America, effective January 6, 2025. Mr. James will spearhead FTC's North American commercial strategy and execution and will report directly to Yann Brandt, FTC's CEO. "Kent is an accomplished solar executive with a demonstrated history of driving sales growth across several businesses, including solar EPC and development companies," said Yann Brandt, CEO. "His strategic, relationship-driven approach, along with his st

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  • FTC Solar Announces Closing of Promissory Note Private Placement

    AUSTIN, Texas, Dec. 04, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (NASDAQ:FTCI), a leading provider of solar tracker systems, today announced that it has closed a previously announced private placement of senior secured promissory notes (the "Notes") in an aggregate principal amount of fifteen million dollars ($15,000,000) and warrants (the "Warrants"). The offering closed on December 4, 2024. The Notes bear interest at a rate of 11% per annum if payable in cash or, at the Company's option, 13% per annum if paid-in-kind and will mature on December 4, 2029. The Warrants are exercisable for five (5) years to purchase an aggregate of 1,750,000 shares of Common Stock at an exercise price of $0

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  • FTC Solar Announces Reverse Stock Split

    AUSTIN, Texas, Nov. 27, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (NASDAQ:FTCI) ("FTC Solar"), a leading provider of solar tracker systems, today announced that it will implement a reverse stock split of its issued and outstanding Common Stock at a ratio of 1-for-10, effective at 5:00 PM Eastern Time on November 29, 2024, to satisfy the Nasdaq Capital Market's minimum $1.00 bid price per share requirement. The reverse stock split will be effected simultaneously for all outstanding shares of the Company's Common Stock and will affect all of the Company's stockholders uniformly. FTC Solar's Common Stock will continue to trade on the Nasdaq Capital Market under the Company's existing trading

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  • FTC Solar Announces Third Quarter 2024 Financial Results

    Third Quarter Highlights and Recent Developments Third quarter revenue of $10.1 million, in-line with prior targetIndustry veteran Yann Brandt joined as CEOAnnounced 1GW tracker supply agreement with Dunlieh EnergyAnnounced multi-year agreement with Strata Clean Energy for 500mw, expandable to 1GW+Provided incremental project detail on 1GW of projects with Sandhills EnergyPost quarter-end, received $4.7 million earn-out on prior investmentEntered into binding term sheet for $15 million promissory note to strengthen balance sheet AUSTIN, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (NASDAQ:FTCI), a leading provider of solar tracker systems, today announced financia

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  • FTC Solar to Announce Third Quarter Financial Results Tuesday, November 12, 2024

    AUSTIN, Texas, Nov. 05, 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 third quarter financial results before market open on Tuesday, November 12, 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 third 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

    $FTCI
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  • FTC Solar Announces 1GW Tracker Supply Agreement with Dunlieh Energy

    AUSTIN, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (NASDAQ:FTCI) ("FTC Solar"), a leading provider of solar tracker systems, and Dunlieh Energy, ("Dunlieh") announced today that FTC will be supplying trackers for over one gigawatt of solar projects for Dunlieh beginning in 2025. The first project expected under the agreement is the Situla Energy Project, a 500-megawatt utility-scale solar and battery facility under development in Banner County, Nebraska, approximately 30 miles east of the Wyoming border. In addition to providing clean, renewable energy, the project is expected to generate more than 225 local construction jobs and contribute more than $1.4 million annuall

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  • FTC Solar to Supply Approximately 1GW of Projects for Sandhills Energy

    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

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  • FTC Solar Announces Multi-Year Tracker Supply Agreement with Strata Clean Energy

    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

    $FTCI
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FTC Solar Inc. Analyst Ratings

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FTC Solar Inc. Insider Purchases

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FTC Solar Inc. Insider Trading

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FTC Solar Inc. SEC Filings

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FTC Solar Inc. Leadership Updates

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  • FTC Solar Appoints Kent James Chief Commercial Officer

    AUSTIN, Texas, Jan. 14, 2025 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (NASDAQ:FTCI), a leading provider of solar tracker systems, software, and engineering services, announced today that it has appointed solar industry veteran Kent James as Chief Commercial Officer for North America, effective January 6, 2025. Mr. James will spearhead FTC's North American commercial strategy and execution and will report directly to Yann Brandt, FTC's CEO. "Kent is an accomplished solar executive with a demonstrated history of driving sales growth across several businesses, including solar EPC and development companies," said Yann Brandt, CEO. "His strategic, relationship-driven approach, along with his st

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  • FTC Solar Appoints Pablo Barahona to Board of Directors

    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

    $FTCI
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  • FTC Solar Announces Resignation of Board Member

    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

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  • FTC Solar Appoints Yann Brandt as New CEO

    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

    $FTCI
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  • FTC Solar Appoints Anthony Carroll as Chairman of Newly Formed Customer Advisory Board

    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

    $FTCI
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  • FTC Solar Appoints Tony Alvarez as Board Observer

    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

    $FTCI
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  • FTC Solar Announces Board Transition

    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

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  • FTC Solar Announces CEO Transition

    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

    $FTCI
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FTC Solar Inc. Financials

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  • FTC Solar Announces Fourth Quarter 2024 Financial Results

    Fourth quarter revenue of $13.2 million, at the high end of our prior targetEntered into 5-gigawatt supply arrangement with Recurrent EnergyAwarded 330+ megawatt project in Australia from GPG NaturgyAwarded 280-megawatt project in U.S. from RosendinAppointed industry veteran Kent James as U.S. Chief Commercial OfficerReceived additional $3.2 million earn-out on prior investment post quarter endAnnounced upsizing of promissory note offering for up to additional $10-$15 mil. to close in Q2 AUSTIN, Texas, March 31, 2025 (GLOBE NEWSWIRE) --  FTC Solar, Inc. (NASDAQ:FTCI), a leading provider of solar tracker systems, today announced financial results for the fourth quarte

    $FTCI
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  • FTC Solar to Announce Fourth Quarter and Full Year 2024 Financial Results Monday, March 31, 2025

    AUSTIN, Texas, March 24, 2025 (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 2024 financial results before market open on Monday, March 31, 2025. 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 fourth quarter and full year 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 cal

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  • FTC Solar Announces Third Quarter 2024 Financial Results

    Third Quarter Highlights and Recent Developments Third quarter revenue of $10.1 million, in-line with prior targetIndustry veteran Yann Brandt joined as CEOAnnounced 1GW tracker supply agreement with Dunlieh EnergyAnnounced multi-year agreement with Strata Clean Energy for 500mw, expandable to 1GW+Provided incremental project detail on 1GW of projects with Sandhills EnergyPost quarter-end, received $4.7 million earn-out on prior investmentEntered into binding term sheet for $15 million promissory note to strengthen balance sheet AUSTIN, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (NASDAQ:FTCI), a leading provider of solar tracker systems, today announced financia

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  • FTC Solar to Announce Third Quarter Financial Results Tuesday, November 12, 2024

    AUSTIN, Texas, Nov. 05, 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 third quarter financial results before market open on Tuesday, November 12, 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 third 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

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  • FTC Solar Announces Second Quarter 2024 Financial Results

    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

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  • FTC Solar to Announce Second Quarter Financial Results Thursday, August 8, 2024

    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

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  • FTC Solar Announces First Quarter 2024 Financial Results

    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

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  • FTC Solar to Announce First Quarter Financial Results Friday, May 10, 2024

    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

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  • Heliogen, Inc. Announces Fourth Quarter and Full Year 2023 Financial and Operational Results; Appoints New CFO

    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

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  • FTC Solar Announces Fourth Quarter 2023 Financial Results

    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

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FTC Solar Inc. Large Ownership Changes

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