FTC Solar's revenue plummets from 2021 as it condemns US import constraints for dampening demand
US solar tracker manufacturer FTC Solar has actually reduced its net losses compared to last quarter and also Q2 2021 however has seen its revenue collapse, condemning a hostile solar market environment in the US that has seen project hold-ups and also cancellations, which it stated it now hoped was pertaining to an end.
Aug 10, 2022 // Markets & Finance News, financial results, trackers, ftc solar, us, tracker manufacturing, AD/CVD, UFLPA, Inflation Reduction Act, IRA
Polar Racking acquires single-axis tracker producer Axsus Solar
PV placing systems supplier Polar Racking has acquired Axsus Solar, adding the Axsus Sol-X single-axis tracker to its item portfolio while doing so.
Jul 21, 2022 // Markets & Finance News, Canada, tracker, North America, m&a, acquisition, mounting systems, tracker manufacturing, Polar Racking, Single-axis tracker
Nextracker to develop tracker production line in Arizona
US solar tracker manufacturer Nextracker has expanded its output with the addition of a new line in Arizona.
May 20, 2022 // Manufacturing News, USA, Arizona, North America, Nextracker, supply chain, steel, tracker manufacturing, atkore
Nextracker opens making line in Texas to counter supply chain disruptions
US tracker manufacturer Nextracker has actually replied to global supply chain disruptions by inaugurating a brand-new production line in Texas within a campus from steel manufacturer Steel Dynamics.
Apr 21, 2022 // Manufacturing News, USA, Texas, North America, Nextracker, Low Carbon, steel, tracker manufacturing
FTC Solar expecting significant loss in Q2 as tracker market headwinds acquire
US-based solar tracker manufacturer FTC Solar is anticipating to record a loss of as much as US$ 17.3 million in Q2 2021 as several headwinds incorporate to put a significant drag out efficiency.
Jun 15, 2021 // Manufacturing News, Markets & Finance News, USA, trackers, North America, ftc solar, materials, material cost, steel, tracker manufacturing
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