ftc solar

US solar tracker system provider FTC Solar has narrowed its adjusted EBITDA loss to US$7.2 million for the first quarter in 2023.

FTC Solar narrowed its loss in Q4 2022 and is expecting improvement in operation this year thanks to the recovery in the US market.

US solar tracker manufacturer FTC has formed a domestic joint venture with Thailand-headquartered steel fabricator Taihua New Energy to produce steel components for solar projects.

FTC Solar said it has been selected to supply its 2P Voyager+ solar tracker technology for the “largest” DC-coupled solar-plus-storage plant in Australia.

US solar tracker manufacturer FTC Solar has released its new one module in portrait (1P) Solar Tracker Solution that the company said required fewer foundations and can boost the energy yield from projects, with the company also landing its first tracker agreement for the new product.

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.

Solar tracker maker FTC Solar and energy contractor AUI Partners have teamed up to provide solar tracking solutions for distributed generation (DG) projects under 20MW within an eight week time frame.

solar tracker manufacturer FTC Solar has withdrawn its guidance for the year and warned of material uncertainties caused by the US AD/CVD investigation.

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 has again downgraded financial forecasts, reducing its Q4 revenue expectations amidst PV project pushbacks in the US.