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Why FTC Solar Shares Are Rising

Shares of several solar-related companies, including FTC Solar Inc (NASDAQ: FTCI), are trading higher amid a report President Biden will issue a proclamation allowing the import of solar panels from several countries without tariffs for 24 months.
byHenry Khederian
June 6, 2022
1 minute read
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Shares of several solar-related companies, including FTC Solar Inc (NASDAQ:FTCI), are trading higher amid a report President Biden will issue a proclamation allowing the import of solar panels from several countries without tariffs for 24 months.

Biden is planning to invoke the “Defense Production Act” to resolve a trade dispute that will revive stalled solar projects and kickstart domestic manufacturing of solar panels, Bloomberg reported, citing people familiar with the matter… Read More

According to data from Benzinga Pro, FTC Solar is trading higher by 23.90% at $4.92. FTC Solar has a 52-week high of $13.98 and a 52-week low of $2.12.

 
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