1.59
+1.92%
Close of 9 Nov 2026, in USD
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About FTC Solar
From its filings with the US Securities and Exchange Commission
FTC Solar is based in Austin, Texas and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker FTCI. The SEC classifies its business as semiconductors & related devices. In the fiscal year to 31 December 2025, it reported revenue of $99.7m and a net loss of $79.6m. At that date it held total assets of $111.8m and shareholders' equity of −$43.0m. By business, Product [Member] brought in 80.6% of revenue, followed by Service [Member] at 19.4%. By region, UNITED STATES accounted for 98.5%, followed by Australia at 1.5%.
FTC Solar, Inc. (the “Company”, “we”, “our”, or “us”) was founded in 2017 and is incorporated in the state of Delaware. In April 2021, we completed an initial public offering ("IPO"), and our common stock currently trades on the Nasdaq Capital Market ("Nasdaq") under the symbol “FTCI”.
We are a global provider of solar tracker systems, supported by proprietary software and value-added engineering services. Solar tracker systems move solar panels throughout the day to maintain an optimal orientation relative to the sun, thereby increasing the amount of solar energy produced at a solar installation. Our one module-in-portrait ("1P") solar tracker system is marketed under the Pioneer brand name ("Pioneer"), and our original two modules-in-portrait ("2P") solar tracker system is marketed under the Voyager brand name (“Voyager”). We also have a mounting solution to support the installation and use of U.S.-manufactured thin-film modules. Our primary software offerings include SUNPATH, which helps customers optimize solar tracking for increased energy production, and our SUNOPS real-time operations management platform. In addition, we have a team of renewable energy professionals available to assist our U.S. and worldwide clients in site layout, structural design, pile testing and other needs across the solar project development and construction cycle. Our products and services provide tracker solutions for large utility-scale solar and distributed generation projects around the world.
Quoted from its 10-K, filed 24 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Electrical Equipment
- Listed since
- 28 Apr 2021
- Employees
- 223
- Website
- ftcsolar.com ↗
- Head office
- 10900 STONELAKE BLVD., AUSTIN, TX
- Incorporated in
- DE
- Classification
- Semiconductors & Related Devices
- Filer status
- <br>Emerging growth company
Leadership
Pay as last reported
- Dr. Shaker SadasivamIndependent Chairman of the Board$139,076
- Mr. Yann BrandtPresident, Chief Executive Officer, Director, since 2024$2.4m
- Ms. Cathy BehnenChief Financial Officer$522,370
- Mr. Sasan AminpourChief Operating Officer$379,200
- Mr. Patrick CookSenior Vice President - Capital Markets and Business Development$425,929
- Mr. Kent JamesChief Commercial Officer for North America
- Mr. Ahmad ChatilaDirector$54,577
- Mr. Tony AlvarezIndependent Director
- Mr. Pablo BarahonaIndependent Director$85,752
- Ms. Lisan HungIndependent Director$104,076
- Mr. Darrell JacksonIndependent Director
- Mr. David SpringerIndependent Director$94,076
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 45
- Environment
- 80
- Social
- 38
- Governance
- 17
- Direct emissions (scope 1)
- 357 t
- Energy emissions (scope 2)
- 0 t
- Value chain emissions (scope 3)
- 75,136 t
- Women in the workforce
- 17%
- Carbon reduction policy
- Yes
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- FTC Solar's Voyager Tracker offers performance and ease of installation in the Electrical Equipment sector.
- The company's focus on Voyager Tracker and customized components drives revenue streams.
- FTC Solar serves diverse applications including ground mount, tracker, canopy, and rooftop solar solutions.
Weaknesses
- FTC Solar's operations are limited to the Voyager Tracker segment within the Industrials sector.
- The company's employee count of 223 may restrict scalability in the competitive market.
- FTC Solar's IPO on 28 April 2021 indicates a relatively new market presence.
Opportunities
- Expanding Voyager Tracker applications to new markets in the US and global sectors.
- Growing demand for solar energy solutions in the Electrical Equipment industry.
- Increasing partnerships with project developers and EPC contractors for broader market reach.
Threats
- Competition from established players in the Electrical Equipment sector.
- Economic downturns affecting solar energy project investments.
- Regulatory changes impacting the solar industry in the US market.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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