FTC Solar, Inc.
NasdaqCM:FTCI
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:
From 2017 to 2020, solar grew from about 11GW to 19GW
Last year solar was a $60bn market and the main generation source driving the build out for the growing demand for electricity
The ITC has been extended while both parties have been in power, including during Trump’s first term
Tariffs and duties have been put in place while both parties have been in control of the White House
There are nearly 45GW worth of domestic plants operational and some estimates have 85% of those investments in republican congressional districts
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."
Last week’s tweet by Elon Musk highlights the bipartisan nature of solar: ”Solar power will be the vast majority of power generation in the future.”
Scroll down to download the full four-page investment write-up along with its accompanying model.
