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FTC Solar lowers Q4 revenue view to $23M-$27M from $75M-$90M, consensus $78.35M
The Fly

FTC Solar lowers Q4 revenue view to $23M-$27M from $75M-$90M, consensus $78.35M

For Q4, while U.S. customers are seeing some signs of improvement in the module market, the pace of recovery is slower than previously expected, and customers largely continue to hold orders pending module availability. As a result, while the company continue to expect Q3 to be the low-water mark in terms of revenue and margin, and expect strong sequential growth of 40%-60%, Q4 revenue target is lower than the previous target, with that change flowing down through adjusted EBITDA.

Published first on TheFly

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