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 11, 2024 | 7:54 pm
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POSITIVE IMPACT
FTC Solar's stock is likely to rise in the short term due to a new partnership with Strata Clean Energy, where FTC Solar will supply 500 megawatts of its Voyager 2P solar tracker technology, becoming the preferred supplier for three years.
The announcement of a significant supply agreement with Strata Clean Energy is a positive development for FTC Solar, likely boosting investor confidence and driving up the stock price. The deal not only involves a substantial 500 MW supply but also establishes FTC Solar as the preferred supplier for three years, indicating potential for future revenue and growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100