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FTC Solar Announces Supply Agreement with Lubanzi Inala
Globenewswire· 2026-02-23 13:01
Group 1 - FTC Solar, Inc. has announced a three-year supply agreement with Lubanzi Inala for approximately 840 megawatts of solar trackers, aimed at supporting solar projects in South Africa [1][2] - The agreement includes a combination of 1P and 2P tracker technologies, with the first project expected to commence in mid-2026 [2] - FTC Solar is recognized for its innovative tracker solutions, which enhance energy production by optimizing solar panel orientation, and offers a competitive installation cost-per-watt advantage [3] Group 2 - The partnership with Lubanzi Inala is expected to advance the South African renewable energy industry by providing high-quality solar solutions [2] - FTC Solar's CEO expressed optimism about the collaboration, highlighting the company's ability to support diverse project portfolios with its advanced technology and services [2]
ARRAY Technologies to Participate in Upcoming Conference for the Investor Community
Globenewswire· 2026-02-23 13:00
ALBUQUERQUE, N.M., Feb. 23, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading global provider of solar tracking technology and fixed-tilt products, foundation solutions, software systems and services, today announced that members of its senior management team are scheduled to participate in the following conference for the investor community. Jefferies Power, Energy, Clean Energy, and Utilities ConferenceAttendees: Kevin Hostetler, CEO and Investor Relati ...
US to make tariff decision on solar panels from India, Indonesia and Laos
Yahoo Finance· 2026-02-23 12:06
Core Viewpoint - The U.S. Commerce Department is set to announce a preliminary decision on anti-subsidy duties for solar cells and panels imported from India, Laos, and Indonesia, which could impact the U.S. solar manufacturing sector [1] Group 1: Anti-Subsidy Duties - The upcoming decision will assess whether companies in the three countries received unfair government subsidies that undermine the competitiveness of American products [2] - A separate decision regarding potential market flooding by these companies at prices below their production costs is expected next month [2] Group 2: Industry Representation - The Alliance for American Solar Manufacturing and Trade, which includes companies like Hanwha Qcells and First Solar, aims to protect significant investments in U.S. manufacturing [3] - The group's petition, filed in July, alleges that Chinese companies have shifted production to Indonesia and Laos to evade U.S. tariffs and accuses Indian manufacturers of dumping low-cost goods in the U.S. market [3] Group 3: Previous Successes - The Alliance has previously succeeded in imposing tariffs on imports from several Southeast Asian countries, including Malaysia, Cambodia, Vietnam, and Thailand [4]
Indian shares set to open higher after US Supreme Court scraps Trump tariffs
BusinessLine· 2026-02-23 03:44
Group 1 - Indian shares are expected to open higher following the US Supreme Court's ruling against Trump's tariffs, which has led to a temporary increase in tariffs on US imports from 10% to 15% [1][2] - The Indian trade delegation's plans to visit Washington have been delayed due to the uncertainty surrounding tariffs, which were intended to finalize an interim trade deal [3] - Domestic equities are anticipated to start positively, with export-oriented sectors likely to benefit from supportive trade developments [4] Group 2 - IDFC First Bank may experience a decline after announcing an investigation into a suspected fraud of $65 million involving local government accounts [5] - RailTel has received a letter of intent for a modernization project in Maharashtra valued at 11.36 billion rupees ($125.2 million) [7] - Vikram Solar has signed a 20 billion-rupee agreement with Jupiter International to procure 2 GW of solar cells [7]
Sunrun Director Sells 164k Shares As Stock Continues to Shine Bright
The Motley Fool· 2026-02-22 13:29
Company Overview - Sunrun is a leading provider of residential solar energy solutions in the United States, specializing in residential solar energy systems and battery storage solutions, and operates a virtual power plant system [7] - As of February 11, 2026, Sunrun's stock price was $20.28, with a market capitalization of $4.71 billion and a revenue of $2.32 billion for the trailing twelve months [6] Recent Transactions - Edward Harris Fenster, a director at Sunrun, sold 163,844 shares worth approximately $3.27 million on February 11, 2026, following the exercise of 250,600 stock options [1][2] - The transaction value was based on a weighted average purchase price of $19.95, with a post-transaction value of $29.8 million for Fenster's direct ownership [2] Stock Performance - Sunrun's stock experienced a significant increase of approximately 95% in 2025, marking the first year of positive gains since 2020, and is up 8% in 2026 as of February 21 [8] - The company's stock has a 1-year price change of 135.54% [6] Market Position and Challenges - Sunrun is the largest residential solar installer by volume in the United States and has the nation's largest distributed power plant, having grown more than fivefold in 2025 [11] - The company has a strong customer base in California and plans to expand operations in the Northeast, but faced challenges due to the expiration of a 30% federal tax credit for solar installations at the end of 2025 [9][10] - The solar industry has seen significant layoffs and market exits among competitors due to revenue declines following the tax credit expiration [10] Future Outlook - Sunrun's unique virtual power plant focus may benefit residential homes and electrical power grids, although full-scale implementation may take time [8] - The company may also benefit from the rise of AI and data centers that require substantial electricity [11]
Sunrun Director Sells 50K Shares for Nearly $1M As Virtual Power Plant Continues to Expand
The Motley Fool· 2026-02-22 13:16
Company Overview - Sunrun is a leading provider of residential solar energy solutions in the United States, specializing in residential solar energy systems and battery storage solutions, and operates a virtual power plant system [6] - The company's current stock price is $20.28, with a market capitalization of $4.71 billion and a revenue of $2.32 billion for the trailing twelve months [3][6] - Sunrun's stock has experienced a significant price change of 135.54% over the past year [3] Recent Insider Activity - Lynn Michelle Jurich, a director at Sunrun, sold 50,000 shares for approximately $929,700 on February 2, 2026, which represents 2.17% of her direct holdings at the time [1][5] - The sale aligns with Jurich's recent trading activity, as she has consistently executed similarly sized trades over the last 18 months [5] - The transaction was part of a Rule 10b5-1 trading plan established on June 9, 2025, indicating it was scheduled in advance [7] Market Performance - Sunrun's stock rose approximately 95% in 2025, marking the first year of positive gains since 2020, and is up 8% in 2026 as of February 21 [8] - The company has a strong customer base in California and is expanding operations in the Northeast [9] - Despite the positive growth, the company faced challenges due to the expiration of a 30% federal tax credit for solar installations and battery storage at the end of 2025 [9][10] Competitive Landscape - Sunrun is the largest residential solar installer by volume in the U.S. and has the largest distributed power plant, which grew more than fivefold in 2025 [11] - The solar industry has seen significant layoffs and market exits from competitors due to declining revenues following the tax credit expiration [10] - The company may benefit from the increasing reliance on electricity by AI and data centers, positioning it for long-term growth [11]
BlueSky Energy Hawaii Announces Energy Security and Resilience Framework for Solar and Battery Adoption on Hawaii Island
TMX Newsfile· 2026-02-22 07:24
Keaau, Hawaii--(Newsfile Corp. - February 22, 2026) - BlueSky Energy Hawaii announces the release of an energy security and resilience framework addressing solar and battery adoption across Hawaii Island. The framework accompanies continued rooftop solar expansion statewide and presents planning considerations related to electricity continuity, grid variability, and on-site generation in island environments.The framework compiles installation observations from projects conducted across diverse microclimate ...
Enphase Energy Director Sells 1100 Shares After Strong Earnings
The Motley Fool· 2026-02-22 05:41
Core Viewpoint - Enphase Energy recently reported strong earnings but faced concerns due to a director's share sale and upcoming layoffs, indicating potential challenges ahead for the company [1][9][10]. Financial Performance - Enphase Energy's revenue for the trailing twelve months (TTM) is $1.47 billion, with a net income of $172.13 million [4]. - The company reported a quarterly revenue of $343.32 million for Q4 FY 2025, exceeding analysts' expectations of $340.59 million [9]. - The expected revenue for Q1 2026 is projected to be between $270 million and $300 million, surpassing the analyst estimate of $262.2 million [9]. Shareholder Activity - Richard Mora, a director at Enphase Energy, sold 1,100 shares for a transaction value of $57,000, reducing his direct holdings by 10.51% to 9,370 shares [2][6]. - Post-transaction, Mora's direct ownership is valued at approximately $471,000 [2]. Company Overview - Enphase Energy specializes in microinverter technology and integrated energy management platforms, with a current market capitalization of $6.1 billion [7]. - The company's stock price has experienced a 1-year decline of 29.84%, with a current price of $46.56 [4]. Employment Changes - The company announced layoffs of 160 employees, approximately 6% of its workforce, due to the expiration of a federal income tax credit for homeowners purchasing rooftop systems [10][11]. - These layoffs are intended to mitigate expected revenue losses from the tax credit expiration, but the effectiveness of this strategy remains uncertain [11].
SunPower (SPWR) Expands Through Acquisition and Gains Analyst Support
Yahoo Finance· 2026-02-21 11:19
Core Insights - SunPower Inc. is recognized as a leading alternative energy stock, with analysts highlighting its potential for investment [1] - The company has made a strategic acquisition of Cobalt Power Systems, granting 850,000 restricted stock units to key employees as an incentive [1][2] Company Developments - SunPower signed a letter of intent to acquire Cobalt Power Systems for an all-equity deal valued at $12 million, with Cobalt continuing to operate as a standalone subsidiary [2] - The company has expanded its sales coverage from 22 to 45 states, particularly in the largest solar markets in the U.S., contributing to a remarkable 657% revenue growth over the past twelve months [4] Analyst Support - Northland analyst Gus Richard reaffirmed an Outperform rating for SunPower with a price target of $5.40, citing the company's consistent positive operating income over the last four quarters [3] - Richard noted that rising electricity demand and extreme weather events are favorable conditions for the residential solar sector, enhancing the market for solar providers like SunPower [5]
Founder Group Limited 收到 NASDAQ 关于最低公众持股量不足的通知
Globenewswire· 2026-02-21 08:58
马来西亚雪兰莪州, Feb. 21, 2026 (GLOBE NEWSWIRE) -- Founder Group Limited (Nasdaq:FGL,以下简称“FGL”或“公司”) 今日宣布于 2026 年 2 月 17 日收到 Nasdaq Stock Market LLC (以下简称“Nasdaq”) 上市资格审查部的通知函。函件指出,因公司已不再满足 Nasdaq 资本市场 Nasdaq 上市规则 5550(a)(4) 规定的 50 万股最低公众持股量要求,故不再符合持续上市的上市规则。 该通知不会对公司 A 类普通股的上市及交易造成即时影响。 公司须在 2026 年 4 月 3 日之前向 Nasdaq 工作人员提交一份具体计划,说明如何实现并持续满足 Nasdaq 资本市场所有上市要求,包括完成该计划的时间表。 公司拟在规定期限内提交该计划。 关于 FGL Founder Group Limited 是一家专注于马来西亚太阳能光伏 (PV) 设施的全流程工程、采购、建设和调试 (EPCC) 解决方案提供商。 公司的主要业务集中在两个关键领域:大型太阳能项目以及商业和工业 (C&I) 太阳能项目。 ...