FTC Solar stock price rises due to signing a three-year supply agreement with a South African company

LootboxPhobia · 2026-02-24T04:48:41+00:00

FTC Solar Inc announces a three-year supply agreement with South Africa's Lubanzi Inala to supply 840 MW of solar trackers, with the stock price rising 4.9% to $8.59. The first project is expected to launch in 2026. The stock price increased by 91.4% in 2025.

LootboxPhobia

2026-02-24 04:48:41

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Investing.com – FTC Solar Inc (NASDAQ:FTCI) stock price rose 4.9% pre-market on Monday to $8.59, after the company announced a three-year supply agreement with South African solar procurement company Lubanzi Inala.

Under the agreement, FTC Solar will supply approximately 840 MW of solar trackers to Lubanzi over three years. The first project under the agreement is expected to commence in mid-2026.

In 2025, FTCI’s stock price increased by 91.4%.

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