FTC Solar gains after clinching 3-year South Africa supply deal

FTC Solar

23/02/2026 13:30

** Shares of solar company FTC Solar FTCI.O rise 4.9% to $8.59 premarket

** FTC says it has secured a three-year supply agreement from Lubanzi Inala, a South African solar procurement company

** FTC says it will supply Lubanzi with roughly 840 megawatts of solar trackers over the 3-year term

** The first project under this agreement is expected to begin in mid-2026

** IN 2025, FTCI was up 91.4%

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))