FTC Solar, Inc.

NasdaqCM:FTCI

Author

Liger Cub
November 19, 2024

Hello,

My eighth write-up dives into FTC Solar, Inc. (NasdaqCM:FTCI), a global provider of solar tracker systems. To address potential concerns about renewable companies due to Trump’s reelection, I’ve pasted below the policy outlook shared by Yann Brandt, FTCI’s new CEO, in his SolarWakeup newsletter:

  1. From 2017 to 2020, solar grew from about 11GW to 19GW

  2. Last year solar was a $60bn market and the main generation source driving the build out for the growing demand for electricity

  3. The ITC has been extended while both parties have been in power, including during Trump’s first term

  4. Tariffs and duties have been put in place while both parties have been in control of the White House

  5. There are nearly 45GW worth of domestic plants operational and some estimates have 85% of those investments in republican congressional districts

  6. Last month, 18 members of the House GOP signed on to support the solar tax credits in a letter to the Speaker of the House

Yann concluded, "solar is a bipartisan issue amongst legislators, politicians and voters. […] The headlines may be grim at the moment but solar has only grown since Trump was first elected in 2016 and is poised to continue to grow now."

The attached tweet by @elonmusk proves the bipartisan nature of solar: https://x.com/elonmusk/status/1856351376747479042

Thanks for reading, and I hope you find this valuable.

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FOUR-PAGE INVESTMENT WRITE-UPS

The four-page investment write-ups are structured in the familiar format of sell-side equity research reports. Do not expect lengthy wiki-style documents. The focus will always be on delivering concise, differentiated views that active institutional and sophisticated retail investors can digest quickly before initiating their own research process. All write-ups are accompanied by institutional-grade models, which dissect the underlying thesis assumptions. Each spreadsheet is manually built from scratch as a typical comprehensive buy-side financial model.

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The Tiger’s Prey