FTC Solar shares are trading higher after the company announced that it has been selected by Strata Clean Energy to supply approximately 500 megawatts of its Voyager 2P solar tracker technology for multiple project sites in the U.S. and will be the preferred 2P solar tracker supplier over a three-year initial term.
Portfolio Pulse from Benzinga Newsdesk
FTC Solar's shares rise as the company is chosen by Strata Clean Energy to supply 500 megawatts of Voyager 2P solar tracker technology for U.S. projects, becoming the preferred supplier for three years.
September 10, 2024 | 8:19 pm
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POSITIVE IMPACT
FTC Solar has been selected by Strata Clean Energy to supply 500 megawatts of its Voyager 2P solar tracker technology, becoming the preferred supplier for three years. This partnership is likely to boost FTC Solar's market position and revenue.
The announcement of FTC Solar being selected as the preferred supplier for a significant 500 MW project with Strata Clean Energy is a positive development. This deal not only enhances FTC Solar's market presence but also promises potential revenue growth over the three-year term. The market has reacted positively, as indicated by the rise in share prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100