FTC Solar Q2 revenue beats analyst estimates on new projects

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Revenue	Beat	$26.16 mln	$24.39 mln (4 Analysts)
Q2 Adjusted Loss Per Share	Miss	$0.76	$0.43 (2 Analysts)
Q2 Adjusted Net Loss		$12.25 mln

Project awards - Co said Q2 revenue growth was driven by new project wins, including a 400MW U.S. project and multiple projects in Australia and India
Bookings progress - Co attributed results to expanded customer base and improved access to bid opportunities, with focus on converting pipeline into bookings
Product development - Co said introduction of new 1P tracker line and engineering improvements helped drive customer adoption and project wins

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for FTC Solar Inc is $8.00, about 159.7% above its August 4 closing price of $3.08