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FTC Solar rises on strong revenue outlook, new project wins

By Reuters News

** Shares of solar company FTC Solar FTCI.O up 8.3% at $1.6 premarket

** Expects Q4 revenue of $44 mln to $52 mln, implying about 46% sequential growth at the midpoint

** Reports Q3 revenue of $32.8 mln, up 25% sequentially

** Secures new contracts with Tata Power Solar and Brookfield-backed Evren

** Reports adjusted loss of 44 cents per share, compared with analysts' estimate of a loss of 41 cents per share - data compiled by LSEG

** Up to last close, FTCI down 86.7% YTD

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