Advertisement
Australia markets closed
  • ALL ORDS

    7,817.40
    -81.50 (-1.03%)
     
  • ASX 200

    7,567.30
    -74.80 (-0.98%)
     
  • AUD/USD

    0.6419
    -0.0007 (-0.10%)
     
  • OIL

    83.31
    +0.58 (+0.70%)
     
  • GOLD

    2,409.60
    +11.60 (+0.48%)
     
  • Bitcoin AUD

    100,288.52
    +1,491.22 (+1.51%)
     
  • CMC Crypto 200

    1,380.47
    +67.85 (+5.17%)
     
  • AUD/EUR

    0.6024
    -0.0007 (-0.11%)
     
  • AUD/NZD

    1.0902
    +0.0027 (+0.25%)
     
  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     
  • NASDAQ

    17,031.30
    -363.02 (-2.09%)
     
  • FTSE

    7,895.85
    +18.80 (+0.24%)
     
  • Dow Jones

    37,936.60
    +161.22 (+0.43%)
     
  • DAX

    17,737.36
    -100.04 (-0.56%)
     
  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

Why FTC Solar Plunged 35.7% on Tuesday

Why FTC Solar Plunged 35.7% on Tuesday

What's shocking is that the gross margin was a negative 18.7%, and management expects the second-quarter 2022 non-GAAP gross margin to be negative 19% to negative 29%. The market's negative reaction to some earnings reports has been harsh this year, but in this case, I'm surprised the stock didn't stay down.