FTC Solar jumps after signing MoU with Linxon, Hitachi Energy
BUZZ-FTC Solar jumps after signing MoU with Linxon, Hitachi Energy ** Shares of FTC Solar FTCI.O rise 12.4% to $2.7
** FTC, along with Linxon and Hitachi Energy, sign a Memorandum of Understanding establishing a strategic collaboration framework to jointly pursue and deliver utility-scale solar and battery energy storage system (BESS) projects across North America and other mutually agreed markets
** Under the framework, Linxon will serve as the primary engineering, procurement, construction (EPC) integrator and market-facing contractor
** Hitachi Energy will contribute utility-scale solar inverters, power conversion systems for BESS, and the automation and control systems to operate the plants
** FTC Solar will provide solar trackers, racking systems, and related balance-of-system solutions
** Including session's moves, FTCI down 76.81% YTD
(Dharna Bafna in Bengaluru)
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FTC Solar jumps after signing MoU with Linxon, Hitachi Energy