FTC Solar, Inc. (FTCI) News
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Latest FTCI News From Around the Web
Below are the latest news stories about FTC SOLAR INC that investors may wish to consider to help them evaluate FTCI as an investment opportunity.
December 2024's Top US Penny Stocks To ConsiderThe U.S. stock market has recently experienced a surge, driven by positive inflation data and a rally in mega-cap technology stocks, with the Nasdaq reaching new highs. Amidst this backdrop, penny stocks—despite their somewhat outdated moniker—remain an intriguing investment area for those interested in smaller or newer companies. These stocks can offer unique opportunities when supported by strong financial foundations, potentially providing significant returns for investors seeking hidden... |
FTC Solar Announces Closing of Promissory Note Private PlacementAUSTIN, 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% |
FTC Solar announces 1-for-10 reverse stock splitFTC Solar (FTCI) 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. Published first on TheFly – the ultimate sour |
FTC Solar Announces Reverse Stock SplitAUSTIN, 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 |
FTC Solar Inc (FTCI) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic ...Despite a significant revenue decline, FTC Solar Inc (FTCI) focuses on expanding its product line and securing key agreements to drive future growth. |
Q3 2024 FTC Solar Inc Earnings CallQ3 2024 FTC Solar Inc Earnings Call |
FTC Solar (FTCI) Reports Q3 Loss, Tops Revenue EstimatesFTC Solar (FTCI) delivered earnings and revenue surprises of -25% and 2.66%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock? |
FTC Solar: Q3 Earnings SnapshotThe Austin, Texas-based company said it had a loss of 12 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 10 cents per share. The results missed Wall Street expectations. |
FTC Solar Announces Third Quarter 2024 Financial ResultsThird 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 promissor |
FTC Solar to supply trackers for 1GW Dunlieh Energy solar projectsTracker deliveries for the Situla energy project in Nebraska will begin in the second half of 2025. |