FTCI - FTC Solar gains on announcing agreement with Primoris

• Primoris Renewable Energy selects FTC Solar ( NASDAQ: FTCI ) to supply at least 500 megawatts of its solar tracker technology for multiple project sites in the U.S.
• Primoris is expected to utilize FTC Solar’s new and differentiated Pioneer 1P tracker technology on multiple projects to optimize performance while reducing capital and labor costs.
• "We are honored to be selected by Primoris, a leading solar EPC, to further strengthen our relationship and supply a number of future projects including with our latest tracker technology, Pioneer. By selecting Pioneer, Primoris is receiving a truly differentiated 1P tracker that achieves a full 18%-36% pile count reduction per megawatt vs. other leading trackers, along with a high-density design, resulting in reduced labor and materials cost and greater energy output." said Patrick Cook, Chief Commercial Officer.
• Shares are trading up 5.29% premarket

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