BUZZ-FTC Solar to supply trackers for Dunlieh Energy, shares rise

Reuters11-04

** Shares of FTC Solar rise 11.9% to 62 cents

** Co says that it will be supplying trackers for over one gigawatt of solar projects for U.S.-based renewable energy firm Dunlieh Energy beginning in 2025

** Trackers are typically used in solar installations to orient solar panels or modules towards the sun

** Says that the first project expected under the agreement is the Situla Energy Project, a 500-megawatt utility-scale solar and battery facility under development in Banner County, Nebraska

** Tracker delivery on the project is expected to begin in the second half of 2025

** Including session moves, the stock is down 14.55% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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