FTC Solar, Inc. (FTCI)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of FTC Solar, Inc. ("FTC" or the "Company") (NASDAQ: FTCI). Investors who purchased FTC securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether FTC and certain of its officers and/or directors have violated federal securities laws.
On January 14, 2022, Bank of America downgraded FTC Solar shares to Underperform from Neutral, opining that the Company is “among the [companies] most exposed to potential delay dynamics associated with utility-scale solar projects in the U.S. for 2022,” noting that nearly all of FTC Solar’s revenue is derived from the U.S., with international projects expected to contribute meaningfully only from 2023 and beyond. On this news, FTC Solar’s stock price fell $0.95 per share, or 15.63%, to close at $5.13 per share on January 14, 2022. Then, on May 10, 2022, FTC Solar issued a press release announcing its financial results for the first quarter of 2022. Among other items, FTC Solar disclosed non-GAAP earnings per share and revenue that both fell short of expectations. On this new, FTC Solar’s stock price fell sharply during intraday trading on May 10, 2022.
If you are aware of any facts relating to this investigation or purchased FTC shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.