Trump petitions Supreme Court for permission to dismiss FTC Commissioner Rebecca Slaughter.
Trump's Supreme Court Appeal: President Trump has requested the Supreme Court to allow him to fire FTC commissioner Rebecca Slaughter, whose reinstatement was ordered by lower courts after he terminated her.
Legal Justifications and Challenges: The appeals court ruled that FTC commissioners can only be removed for cause, and Trump's lack of stated reasons for Slaughter's firing raises questions about his authority, paralleling his attempt to remove Federal Reserve Board Governor Lisa Cook.
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Roth Upgrades FTC Solar to Buy Due to Strong Bookings, Pipeline, and Growth Prospects
Stock Performance: FTC Solar's stock fell 3.4% despite receiving a Buy upgrade from Roth Capital, which raised its price target from $5.50 to $15, citing consistent execution under CEO Yann Brandt.
Financial Improvement: Analyst Philip Shen highlighted FTC Solar's turnaround with four consecutive quarters of revenue growth, improved gross margins, and a strong liquidity position, alongside a positive outlook for future growth.
Q3 Revenue Results: The company reported Q3 revenues of $26 million, exceeding expectations, and guided for Q4 revenues of approximately $33 million, indicating a 25% quarter-over-quarter growth.
Profitability Concerns: Despite recent improvements, FTC Solar has historically struggled to generate profits and remains highly leveraged.
FTC Solar Stock Rises 34% Following Strong Q3 Revenue Results
Strong Earnings Report: FTC Solar, Inc. reported a 156.8% year-over-year increase in third-quarter revenue, totaling $26.0 million, along with a 30.2% quarter-over-quarter growth.
Positive Gross Margin: The company achieved a non-GAAP gross margin of 7.7%, marking its first positive result in years.
Stock Performance: Following the earnings announcement, FTCI's stock surged by 34.12% to $9.93, with significant trading volume indicating strong investor interest.
52-Week Stock Range: The stock's 52-week range is noted to be between $2.65 and $9.93.
