FTCI News and Press, FTC Solar Inc. From 07/31/23

2023-07-31 14:43:42 ET Summary Two new Breakout Stocks for Week 31 curated by the MDA model for 10% short-term upside and additional model selections. This week two of four picks gained over 10% in less than a week with peak gains in CLLS +16.8% AUTL+15.5% but the portfolio failed...

AUSTIN, Texas, July 28, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its second quarter financial results before market open on Wednesday, August 9, 2023. A conference...

2023-07-18 04:02:15 ET Summary FTC Solar has seen solid revenue growth and has a strong position in the solar tracker systems market, but is yet to reach profitability due to low gross margins. Despite a challenging 2022 marked by CEO and COO departures, FTCI's Q1 2023 report indi...

AUSTIN, Texas, July 06, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading global provider of solar tracker systems, software, and engineering services, today announced the appointment of Tony Alvarez, a veteran of the solar and semiconductor industries, as Board Observer. The app...

2023-06-17 07:01:50 ET Summary Nextracker has been doing alright since the Flex spin-off went public in February. This is driven by solid fourth quarter results and a convincing fiscal 2024 outlook. I like the operating performance, but fear that the valuations are too demandi...

2023-05-10 22:30:03 ET FTC Solar, Inc. (FTCI) Q1 2023 Earnings Conference Call May 10, 2023, 08:30 AM ET Company Participants Bill Michalek - VP-IR Sean Hunkler - President and CEO Phelps Morris - CFO Patrick Cook - CCO Conference Call Participants ...

2023-05-10 06:42:04 ET FTC Solar press release ( NASDAQ: FTCI ): Q1 GAAP EPS of -$0.11 beats by $0.04 . Revenue of $40.89M (-17.5% Y/Y) beats by $2.43M . GAAP gross profit was $2.0 million, or 5.0% of revenue, compared to a loss of $1.9 million, or 7.3% ...

First Quarter Highlights and Recent Developments Revenue growth of 56% quarter over quarter (q/q) Gross margin of 5.0%, or 7.3% Non-GAAP, up >10 points q/q & 57 points over last 2 quarters New Pioneer 1P tracker shipping ahead of schedule, with first orders in U.S. and Aust...

2023-04-27 10:00:07 ET Summary TJ Rodgers' recent share purchases shouldn't be ignored. Gross margins from -50% to +8% would show a major turnaround. Product portfolio increases >2x, adding new revenue channels. Steel content reduction of 20% reduces product costs. ...

AUSTIN, Texas, April 27, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its first quarter financial results before market open on Wednesday, May 10, 2023. A conference c...