FTC Solar, Inc. supplies solar tracker systems supported by software and engineering services for solar power projects. Its tracker systems are designed to move solar panels during the day to maintain orientation toward the sun, and the company’s operating activity is centered on manufacturing and servicing solar tracker systems.
Company news typically covers quarterly financial results, outlook commentary, customer supply agreements, 1P and 2P tracker deployments, product and mounting-solution updates, investor conference participation, and executive or board changes. Recent commercial updates have included utility-scale tracker agreements in the United States and South Africa.
FTC Solar (Nasdaq: FTCI) will report its third quarter 2026 financial results before market open on November 4, 2026.
A conference call at 8:30 a.m. E.T. that day will cover the results, outlook and other business items. The webcast will be accessible through the company's Investor Relations website, with a replay available for 30 days afterward.
FTC Solar (FTCI) entered into an amended credit agreement with its lenders, deferring a $5 million cash repayment requirement. The payment, otherwise due September 30, 2026, is now due March 31, 2027. The amendment primarily changes principal prepayment terms and financial covenants, the financial requirements under the agreement.
No financial covenants apply to the third or fourth quarters of 2026, and the full-year 2026 adjusted EBITDA covenant has been removed. The future cash balance covenant is adjusted to $15 million, with testing starting January 4, 2027. A new first-quarter 2027 adjusted EBITDA covenant is set at $2 million. Other financial covenants covering revenue, direct margin and purchase order amounts begin applying at the end of the first quarter of 2027.
FTC Solar (FTCI), Linxon and Hitachi Energy signed a memorandum of understanding to pursue utility-scale solar and battery storage projects. The framework covers North America and other markets the partners agree on.
Linxon will serve as the main engineering, procurement and construction contractor, responsible for project delivery. Hitachi Energy will contribute inverters, battery storage power conversion equipment and plant controls. FTC Solar will provide solar trackers, racking and related supporting systems. The companies intend to coordinate equipment selection and supply planning early in projects and expect the framework to support a growing project pipeline.
FTC Solar (FTCI) received notice to begin production of tracker systems for the 82-megawatt Sybella Creek Solar Farm in Mount Isa, Queensland, Australia. First deliveries of its Voyager 2P tracker technology are approved to start at the end of 2026 and continue into early 2027, with tracker production already underway. The hybrid solar and battery storage project is expected, in the company’s view, to support growth and improve energy security in Mount Isa, while FTC Solar aims to enhance project efficiency, simplify installation and reduce costs for its customer. The aggregate value of this project was previously included in FTC Solar’s backlog disclosed on August 5, 2026.
FTC Solar (FTCI) has begun tracker shipments for the 330‑megawatt Fraser Coast solar project with 180‑megawatt battery storage in Queensland, Australia.
The project is being developed by Global Power Generation, a Naturgy subsidiary, and is described as Naturgy’s largest renewable energy project in Australia and its second hybrid solar‑battery project in the country. Operations at Fraser Coast are expected to commence in 2028. FTC Solar’s 1P terrain‑following tracker solution is highlighted by the developer as reducing civil works, installation time and costs. The project’s aggregate value was added to FTC Solar’s backlog in 2025, and notice to proceed was issued in the second quarter of 2026, after which tracker production and shipments started.
FTC Solar (FTCI) plans to meet with investors at two upcoming conferences in September 2026.
The company’s management team is scheduled to participate in investor meetings at the H.C. Wainwright Global Investment Conference in New York on September 15, 2026, and at the TD Cowen Energy Conference in Austin on September 24, 2026. Both events will feature in-person meetings with investors. Interested investors are directed to contact their respective H.C. Wainwright or TD Cowen sales representatives to arrange meetings.
FTC Solar is described as a global provider of solar tracker systems, technology, software and engineering services that aim to improve solar energy production and reduce installation cost per watt.
FTC Solar (Nasdaq: FTCI) announced that Enertis Applus+ has completed an independent technical validation of its SUNPATH tracker optimization software on multiple operating utility-scale solar projects in the U.S. The study compared measured energy gains from sites using SUNPATH with gains modeled by FTC Solar’s tool.
Measured energy gains reached up to 2.65%, versus modeled gains of up to 3.15%, with modeled and measured results within about 0.5 percentage points at three sites. Enertis Applus+ concluded SUNPATH showed accuracy and consistency appropriate for its intended use and aligned with industry standards for underwriting production gains. SUNPATH optimizes energy through Terrain-Based Backtracking and Diffuse Optimization without requiring extra row-level sensors or a learning period.
FTC Solar (Nasdaq: FTCI) reported second quarter 2026 revenue of $26.2 million, up 51.5% quarter-over-quarter and 30.8% year-over-year, exceeding its guidance range. GAAP gross margin was -8.5%, while non-GAAP gross margin improved to -5.1% from -17.4% a year earlier.
GAAP net loss widened to $27.1 million (loss of $1.69 per diluted share), and adjusted EBITDA loss was $9.8 million. Non-GAAP operating expenses were $8.5 million. The contracted portion of backlog reached about $560 million. Cash and cash equivalents declined to $10.1 million from $21.1 million at year-end 2025.
Commercially, FTC Solar booked a new 400 MW U.S. 1P tracker order after quarter end, received notice to proceed on a 330+ MW Australia project, and entered the India market with multiple initial projects. The company reaffirmed its outlook for 40% year-over-year revenue growth in 2026 and guided third quarter 2026 revenue to $30–35 million (about 24% sequential growth at the midpoint). FTC Solar also established an equity line of credit of up to $20 million with Lincoln Park Capital as an additional funding source.
FTC Solar (Nasdaq: FTCI) will release its second quarter 2026 financial results before the market opens on Wednesday, August 5, 2026. The company will host a conference call for investors at 8:30 a.m. E.T. the same day to discuss results, outlook, and other business topics.
The live webcast and a 30-day replay will be available in the Investor Relations section of FTC Solar’s website at investor.ftcsolar.com. FTC Solar provides solar tracker systems, technology, software, and engineering services aimed at improving energy production and lowering installation cost per watt.
FTC Solar (Nasdaq: FTCI) hosted its inaugural Robo Day on July 8, 2026 at its ASTAAR training facility in Seguin, Texas. The event gathered robotics companies, EPCs, developers, and technology partners to demonstrate how automation can support utility-scale solar construction across tasks like pile marking, cable pulling, material staging, and module mounting.
Robo Day highlighted FTC Solar’s 1P Pioneer tracker, designed for constructability and automation-enabled installation, and emphasized collaboration between people, robotics, and smarter tracker design to improve safety, efficiency, and predictability in large, complex solar projects.