BUZZ-FTC Solar surges on Q3 revenue beat

Reuters
2025.11.12 15:28
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(Updates) Shares of solar company FTC Solarup 30.4% at $9.71, highest since December 2023Co’s Q3 revenue more than doubled to $26 million from a year ago and also beat analysts’ average estimate of $21.12 million - data compiled by LSEGFTCI posts narrower Q3 loss of $5.3 million vs $12.68 million a year agoCo also enters into agreement to buy 55% interest in Alpha Steel for total cash consideration of $2.7 millionExpects fourth-quarter revenue to be between $30 million and $35 millionIncluding session’s move, stock up 75.4% YTD

(Updates)

Shares of solar company FTC Solar (FTCI.O) up 30.4% at $9.71, highest since December 2023

Co’s Q3 revenue more than doubled to $26 million from a year ago and also beat analysts’ average estimate of $21.12 million - data compiled by LSEG

FTCI posts narrower Q3 loss of $5.3 million vs $12.68 million a year ago

Co also enters into agreement to buy 55% interest in Alpha Steel for total cash consideration of $2.7 million

Expects fourth-quarter revenue to be between $30 million and $35 million

Including session’s move, stock up 75.4% YTD

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