ftc-solar

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FTC Solar Posts 67% YoY Drop in Q3 Revenue Due to Lower Product Volumes

U.S.-based solar tracker systems provider FTC Solar posted revenue of $10.14 million in the third quarter (Q3) of 2024, exceeding analyst expectations by $240,680....

November 14, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Project Delays Hit FTC Solar’s Revenue in Q2 2024, Loss Widens

U.S.-based solar tracker systems provider FTC Solar‘s net loss for the second quarter (Q2) 2024 was $12.2 million, up 17.3% from a net loss of $10.4 million in Q2...

August 9, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Daily News Wrap-Up: Solar Generation in India Rises 8.8% YoY to 32 BU in 2024

India generated approximately 32 billion units (BU) of solar power in the first quarter  of the calendar year 2024, an 8.8% year-over-year increase. The country’s solar...

May 15, 2024

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Mercom Staff

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Daily Wrap-up
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FTC Solar Expects Revenue Rebound as Q1 2024 Losses Shrink

U.S.-based solar tracker systems provider FTC Solar‘s net loss narrowed to $8.8 million during the first quarter (Q1) of 2024 from a loss of ₹11.8 million a year...

May 14, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Daily News Wrap-Up: Maharashtra’s 7.78 GW Solar KUSUM Auction Results

SJVN Green Energy, Megha Engineering & Infrastructures, and Avaada Energy were amongst the winners of MSEB Solar Agro Power’s (MSAPL) auction to procure over 7 GW...

March 15, 2024

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Mercom Staff

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Daily Wrap-up
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FTC Solar Q4 2023 Net Loss Narrows by 45.3% YoY to $11.2 Million

U.S.-based solar tracker systems provider FTC Solar’s net loss for the fourth quarter (Q4) in 2023 amounted to $11.2 million, an improvement of 45.3% year over year...

March 14, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Daily News Wrap-Up: Leading Rooftop Solar Installers in 1H 2023

The top rooftop solar installers in India during the first half (1H) of the calendar year 2023 were Tata Power Solar, Havells India, Enerparc Energy, Amplus Solar, and...

November 14, 2023

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Mercom Staff

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Daily Wrap-up
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Tracker Firm FTC Solar’s Net Loss Narrows by 34% YoY as Product Margins Improve

U.S.-based solar tracker systems provider FTC Solar‘s net loss of $16.94 million during the third quarter (Q3) of the financial year (FY) 2023, a year-over-year (YoY)...

November 13, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar
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Daily News Wrap-Up: SJVN tenders BOS Package for 75 MW Solar Project in Bihar

SJVN Green Energy has invited bids to supply a balance of system package and comprehensive operation and maintenance for three years for a 75 MW grid-connected solar...

August 11, 2023

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Mercom Staff

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Daily Wrap-up
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Lower Manufacturing Costs Drive FTC Solar’s Loss Down in Q2 2023

U.S.-based solar tracker systems provider FTC Solar‘s net loss narrowed to $7.2 million for the second quarter (Q2) of the financial year (FY) 2023 from $18.2...

August 10, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Daily News-Wrap Up: Amp Energy India Wins CESC’s 150 MW Hybrid Tender

Amp Energy India won the Kolkata-based power utility company CESC’s auction to develop 150 MW of the interstate transmission system-connected wind-solar hybrid projects....

May 12, 2023

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Mercom Staff

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Daily Wrap-up
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Tracker Systems Provider FTC Solar’s Loss Narrows by 14% YoY in 2022

United States-based solar tracker systems provider FTC Solar posted a net loss of $20.5 million in the fourth quarter (Q4) of 2022, a year-on-year (YoY) improvement of...

March 2, 2023

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Gautamee Hazarika

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Finance and M&A

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Solar
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Solar Tracking Systems Company FTC Solar’s Revenue Dips 25% in Q1 2022

U.S.-based solar tracker systems provider FTC Solar recorded a revenue of $49.5 million in the first quarter (Q1) of 2022, a year-over-year (YoY) drop of 25%compared to...

May 11, 2022

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Gourav Mishra

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Finance and M&A

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Solar
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Funding and M&A Roundup: Solar Tracking Systems Company FTC Solar Files for IPO

From: Mercom Capital Group FTC Solar, a provider of solar tracker systems, technology, software, and engineering services, announced that it has filed for an initial...

April 26, 2021

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Staff

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Finance and M&A

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Solar

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