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Week of Expected Pricing 4/28/2021
Company Name FTC SOLAR INC
Proposed Ticker FTCI
CUSIP 30320C103
Business Description A global provider of advanced solar tracker systems, supported by proprietary software and value-added engineering services. Our mission is to provide differentiated products, software and services that maximize energy generation and cost savings for our customers, and to help facilitate the continued growth and adoption of solar power globally. Trackers significantly increase the amount of solar energy produced at a solar installation by moving solar panels throughout the day to maintain an optimal orientation relative to the sun. The combination of integrated hardware tracking technology and advanced software algorithms in solar tracker systems yields, on average, 25% more energy and delivers a 17% lower levelized cost of energy (“LCOE”) compared to fixed-tilt mounting systems, according to 2020 BNEF reports.
Lead Underwriter Barclays Capital Inc, BofA Securities, Inc, Credit Suisse Securities (USA) LLC, UBS Investment Bank
Co-Managers Cowen and Company, LLC, HSBC Securities (USA) Inc., Piper Sandler & Co, Raymond James and Associates, Inc., Roth Capital Partners, Inc
Initial Shares 1,84,21,053
Revised Initial Shares 1,98,40,000
Initial Price $18.00-$20.00
Revised Price N/A
Final Price $13.00
Final Ticker FTCI

 

 

   
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