NASDAQ:FTCI

Business·Finance·NASDAQ:FTCI·News·Solar Energy

FTC Solar Gets Lift as Traders Watch $543 Million Backlog

FTC Solar shares rose 0.6% to $5.43 in early Nasdaq trading Thursday, bucking declines in other solar-tracker stocks and small-cap indexes. First-quarter revenue fell 47.5% from the prior quarter to $17.3 million, with a GAAP gross loss of $1.2 million. The company named Anthony Carroll as CEO in late April. Backlog stood at about $543 million.

May 28, 2026

SpaceX-Linked Stocks Surge as FTSE Rushes IPO Inclusion Amid Destiny Tech100's $1B Share Sale
May 28, 2026, 10:11 AM EDT. Shares of Destiny Tech100 (DXYZ), VCX, and NASA saw notable rallies following FTSE Russell's fast-tracking of index inclusion rules for large IPOs, ahead of SpaceX's anticipated $1.75 trillion debut. FTSE's rule change allows mega IPOs to enter key indexes after just five trading days, boosting potential passive fund inflows. SpaceX's estimated $70 billion market cap surpasses thresholds for indexes like Russell Top 50 and FTSE All-World. Despite Destiny Tech100's $1 billion at-the-market share offering, retail investors remain bullish, eyeing indirect exposure to SpaceX and private AI ventures. The accelerated inclusion heralds shifts in market dynamics, with SpaceX's debut poised to be the largest IPO ever, fueling significant investor interest.