FTC Solar to supply trackers for Dunlieh Energy, shares rise

FTC Solar

04/11/2024 15:01

** Shares of FTC Solar  FTCI.O  rise 11.9% to 62 cents 
    ** Co says that it will be supplying trackers for over one
gigawatt of solar projects for U.S.-based renewable energy firm
Dunlieh Energy beginning in 2025
    ** Trackers are typically used in solar installations to
orient solar panels or modules towards the sun
    ** Says that the first project expected under the agreement
is the Situla Energy Project, a 500-megawatt utility-scale solar
and battery facility under development in Banner County,
Nebraska
    ** Tracker delivery on the project is expected to begin in
the second half of 2025
    ** Including session moves, the stock is down 14.55% YTD

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))