US tracker manufacturer FTC Solar is turning to alternative shipping methods and cost-cutting initiatives in a bid to return the business to profitability in Q4, with the company’s cost base continuing to surge.
US-based solar tracker manufacturer FTC Solar is expecting to record a loss of up to US$17.3 million in Q2 2021 as multiple headwinds combine to put a major drag on performance.
FTC Solar has downgraded the pricing of its initial public offering (IPO) and will list at a price of US$13 per share, rather than initial target range of US$18 – 20.
US solar tracker company FTC Solar become the latest tracker provider to launch an initial public offering (IPO), aiming to raise up to US$423 million.
Mining giant replaces coal with green certificates at Utah operation, residential solar specialist Spruce Finance bags senior secured facility, FTC launches data platform.
FTC Solar, Inc. announced the release of its proprietary Atlas portfolio management software solution. Atlas, formerly known as SAM (Solar Automation Module) provides developers and asset owners with a "one stop shop" solution to manage all solar projects on one centralized platform.
