FTC Solar Inc. /zigman2/quotes/226387844/composite FTCI +3.15% set terms for its initial public offering on Monday, with plans to offer 18.4 million shares priced at $18 to $20 each. The company, which makes solar tracker systems, has applied to list on Nasdaq, under the ticker symbol 'FTCI.' There are nine banks underwriting the deal, led by Barclays, BofA Securities, Credit Suisse and UBS Investment Bank. Proceeds will be used for general corporate purposes, including the purchase of shares from certain employees, officers, directors and other shareholders. "Trackers significantly increase the amount of solar energy produced at a solar installation by moving solar panels throughout the day to maintain an optimal orientation relative to the sun," the company says in its filing documents.