L R AS Published on Monday 16 May 2022 - n° 404 - Categories:the American PV
The investigation into US PV imports also has its victims
US solar tracker manufacturer FTC Solar can no longer make reliable forecasts as a result of the ongoing anti-circumvention and anti-dumping investigation: customers
are unable to obtain panels and are having to cancel or postpone deliveries. The figures for thefirst quarter are already poor, with a 33% fall in sales to $50m and a forecast of $55-60m, due to lower volumes and average selling prices than in the previous quarter. The net loss for the period was $28m, compared with a loss of $7m at the start of 2021. The loss will still be considerable in the 2nd quarter, at between $20m and $17m. However, the company has increased its order backlog to 32 GW, a record level.
PV Tech of 11 May 2022
