FTC Solar, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $35.2M
- Price
- $2.13
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.39%
- Volume
- 111.2K
About
FTC Solar, Inc. operates internationally, with a significant presence in the United States and Vietnam, specializing in advanced solar energy solutions. The company provides cutting-edge solar tracker systems, supporting technology, specialized software, and expert engineering services. Among its core offerings is the Voyager single-axis tracker, designed to orient two solar panels in a portrait configuration. Beyond hardware, FTC Solar develops crucial software platforms, including SunPath for optimizing energy production; Atlas, an enterprise-level, web-based database for managing extensive project portfolios; and SunDAT, a sophisticated tool for automated design and optimization of solar panel systems tailored for residential, commercial, and large-scale utility installations. FTC Solar's client base is diverse, comprising solar project developers, owners of solar assets, and engineering, procurement, and construction (EPC) contractors who are responsible for conceptualizing and executing solar energy ventures. The company was founded in 2017 and is based in Austin, Texas.
Quick stats
Shares outstanding16.5M
Computed float11.0M
Float / shares66.4%
Key info
SectorEnergy
IndustrySolar
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001828161
Websitehttps://ftcsolar.com
AI Summary
AI-generated1/11
majorbullishearnings
FTC Solar Announces Second Quarter 2026 Financial Results
FTC Solar reported Q2 revenue of $26.2 million, up 52% sequentially and 31% year-over-year, exceeding internal targets driven by project deliveries in Australia and qualification with top 10 EPCs.
The company secured a 400MW purchase order with a top 5 U.S. EPC and developer, entered the India market with initial project wins, and reaffirmed full-year 2026 guidance for 40% revenue growth.
To support operations, FTC Solar established a $20 million equity line of credit with Lincoln Park Capital, providing a flexible funding source as it ramps second-half revenue.
Red flags
- GAAP net loss of $27.1 million or $1.69 per share
- GAAP gross margin remained negative at 8.5%
- Cash and cash equivalents decreased to $10.1 million from $21.1 million at year-end 2025