Backlog ReductionManagement reduced backlog by approximately $300 million due to passing lower steel prices and as a customer doesn't require foundation with the tracker.
GuidanceManagement lowered guidance '24 revenues to revs $220M-$235M, larger than expected and due to project delay impacts on interconnection queues, AD/CVD tariff uncertainty and FX headwinds.
Revenue GuidanceRevenue guidance for the year was lowered to $950MM from $1,325MM due to project delays and other market challenges.