FTC Solar Inc. (NASDAQ:FTCI) shares rose 4.9% to $8.59 in premarket trading Monday after the company revealed a new three-year supply partnership with South African solar procurement firm Lubanzi Inala.
Under the deal, FTC Solar will provide roughly 840 megawatts of solar tracking systems to Lubanzi over the duration of the agreement, with the first project scheduled to commence in mid-2026.
The announcement adds to strong recent momentum for the stock, with FTCI shares advancing 91.4% during 2025.