FTC Solar

FTC Solar

Utility-scale solar tracking systems with advanced software for enhanced energy production and cost efficiency.

HQ location
Austin, United States
Launch date
Market cap
$96.1m
Enterprise value
$104m
Share price
$6.59 FTCI
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DateInvestorsAmountRound
N/A

€0.0

round
N/A

€0.0

round
*

$75.0m

Post IPO Debt
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues0000000000000000000000000000
% growth253 %44 %(55 %)3 %(63 %)97 %139 %
EBITDA0000000000000000000000000000
% EBITDA margin(9 %)(47 %)(80 %)(40 %)(109 %)--
Profit0000000000000000000000000000
% profit margin(8 %)(39 %)(81 %)(40 %)(103 %)--
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000
R&D % of revenue3 %4 %8 %6 %12 %--

Source: Company filings or news article, Equity research estimates

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More about FTC Solar
Made with AI
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FTC Solar specializes in providing utility-scale solar tracking systems, focusing on single-axis, 2P trackers that enhance energy production and reduce installation costs. The company serves large-scale solar projects worldwide, offering products like the Voyager tracker, which is optimized for bifacial panels and boasts a 41% reduction in installation time compared to other systems. FTC Solar's business model revolves around selling these tracking systems and accompanying software solutions, such as SunDAT PV for rapid project development and Atlas for solar portfolio management. These software tools help solar companies manage risks, finances, and stakeholder collaboration effectively. Operating primarily in North America, FTC Solar has delivered numerous projects across states like California, Texas, and Virginia. The company generates revenue through the sale of its tracking systems and software, targeting utility-scale solar developers and operators.

Keywords: solar, tracking systems, utility-scale, single-axis, 2P trackers, energy production, installation efficiency, software, bifacial panels, portfolio management

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Investments by FTC Solar

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HX Tracker
ACQUISITION by FTC Solar Jun 2022