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FTC Solar (FTCI) Stock Rose 8.29% After-Hours. How Did That Happen?

At the time of the most recent check, shares of FTC Solar Inc. (NASDAQ: FTCI), which is scheduled to disclose its quarterly results today, were up 8.29% to $2.09.

When will FTCI make its financials available?

Before the market opens today, FTC Solar (FTCI) will release its financial results for the third quarter of 2022. The same day, at 8:30 a.m. E.T., FTC Solar will have a conference call for members of the investing community to discuss its third-quarter 2022 results, its forecast, and other business-related topics. The conference call will be webcast by FTCI and accessible through the investor part of the corporate website for FTC Solar.

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FTCI developed a novel solution

With its innovative Voyager mounting system, FTCI created a new product version to accommodate First Solar’s distinctive thin-film module technology. First Solar Series 6 and Series 6 Plus modules can be quickly installed thanks to a creative clamping technique created by FTCI Solar.  The variation makes use of First Solar’s SpeedSlot mounting technology and FTC’s unique Slide and Glide approach.

The end result is a hardware-free module installation solution that is dependable, strong, and labor-efficient. Instead, a mechanical fastener is utilized to anchor and ground the First Solar module frame to the Voyager system’s module rail, allowing FTC, the industry leader in tracker constructability, to deliver the quick install speeds our customers have come to expect. The installation time for FTC Solar’s solution is the fastest in the industry. The innovative unique features developed by FTCI and First Solar for the quick attachment of modules to the rail fill critical market demand.

In order to assure reliable module capture to its rail, FTC Solar (FTCI) integrated First Solar’s SpeedSlot system with FTC’s unique Slide and Glide quick module installation process. The integrated system functions well together because of a number of subtleties in the rail design. It demonstrates the talent and versatility of the engineering team at FTCI.

FTCI will take part in a massive project

The 128-megawatt Cunderdin hybrid PV solar and energy storage project in Western Australia will use FTC Sun’s Voyager solar tracker technology. The project will be Australia’s largest DC-coupled solar PV and battery project; it is owned by Global Power Generation (GPG) and situated around 90 miles east of Perth. A large-scale photovoltaic (PV) power plant’s operation will become more flexible with the installation of a battery energy storage system, allowing the facility to assist the wholesale energy market during times of high demand.

How is FTCI growing?

With orders and delivery of more than 240 megawatts of trackers during the last 18 months, FTC Solar (FTCI) has kept up the expansion of its position in Australia. With another great customer, this project marks FTCI’s 23rd in Australia and its largest single project in the nation to date.

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