L R AS Published on Saturday 28 August 2021 - n° 371 - Categories:company results, followers

FTC Solar reports a large loss in the second quarter

US tracker manufacturer FTC Solar reported a $17m loss in the second quarter on sales of $50m.

This loss is largely due to shipping and logistics costs, which were $10 million higher than expected. Freight costs will increase again in Q3 (by about 40%). There will still be a large loss in the current quarter

https://www.pv-tech.org/ftc-solar-turning-to-alternative-shipping-methods-as-losses-forecast-to-mount-in-third-quarter/

PV Tech of 16 August 2021

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