FTC Solar

FTC Solar posted Q2 revenue of $26.2 million, up 51.5% sequentially and slightly above guidance, and reported non-GAAP adjusted EBITDA loss within range. Management reaffirmed 2026 revenue growth guidance of at least 40% and expects Q3 revenue of $30–35 million, noting about 80% of second-half revenue already covered. The company highlighted new bookings including a 400 MW PO, expansion into India and further wins in Australia, and said robotics, software and AI will drive future construction productivity. Liquidity remains a near-term focus: cash was $11.2 million at quarter end, lenders granted Q2 covenant waivers, and an unused $20 million equity line was established. » Plus sur finance.yahoo.com

TD Cowen lowered its price target for FTC Solar to $5 from $8 but kept a Buy rating after a mixed quarter that saw revenue of $17.3m below estimates and a return to negative gross margins. The company announced a CEO replacement while its contracted backlog stands at about $543m, indicating demand visibility despite execution and market headwinds in utility-scale solar. Analysts still see upside tied to long-term industry growth, though near-term operational challenges weigh on recovery prospects. » Plus sur finance.yahoo.com

FTC Solar reported Q1 2026 revenue of $17.3 million (-47.5% q/q, -17% y/y), mainly due to a project delay of $3–4 million. Despite a GAAP net income of $32.6 million driven by noncash adjustments, the company posted a diluted GAAP loss per share of $0.72 and adjusted EBITDA of -$8.2 million. The stock fell about 16.4% in premarket trading; the backlog stands at $543 million. FTC Solar expects Q2 2026 revenue of $22–26 million and about 40% revenue growth for 2026 versus 2025. CEO Anthony Carroll highlights international expansion and product innovation as strategic priorities. » Plus sur de.investing.com