US solar tracker manufacturer FTC Solar has cut its net losses compared with last quarter and Q2 2021 but has seen its revenue collapse, blaming a hostile solar environment in the US that has seen project delays and cancellations, which it said it now hoped was coming to an end.
PV mounting systems provider Polar Racking has acquired Axsus Solar, adding the Axsus Sol-X single-axis tracker to its product portfolio in the process.
Solar tracker manufacturer and project developer Soltec has created a new asset management unit to mitigate risks in the value chain, as it continues efforts to overcome supply headwinds.
US tracker manufacturer Nextracker has responded to global supply chain disruptions by inaugurating a new production line in Texas within a campus from steel producer Steel Dynamics.
Nextracker has unveiled a new terrain-following tracker designed to expand the addressable market of solar projects on sites with sloped and uneven land.
US-headquartered solar tracker manufacturer FTC Solar said it was “on the cusp of profitability” after its revenue for Q4 2021 came in above the high end of its recently downgraded guidance.
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.
