NEXTracker Inc

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

Nextracker reports record revenue and raises annual targets amidst market challenges

Nextracker's Q4 2023 performance reflects strong revenue growth, proactive investments, and a commitment to product quality. While facing market challenges and competitive pressures, the company sees significant opportunities in the U.S. and international markets, emphasizing innovation and customer-centric success.

Nextracker excels in Q1, boosts guidance amid global market leadership

Nextracker's Q1 fiscal 2024 earnings call showcased robust financial performance, market leadership, and strategic focus on innovation and customer support.
Despite challenges in the U.S. market and potential steel price impacts, Nextracker's strong financial position, global supply chain, and product innovation position it well for growth.
With increased revenue and EBITDA guidance, strong international performance, and market expansion opportunities, Nextracker is poised for continued success in the solar technology sector.

Nextracker reports record Q2 earnings, eyes growth in India

Nextracker's Q2 performance was strong, marked by record revenue, increased guidance, and a new backlog exceeding $3 billion, positioning the company for growth.
The company's focus on innovation, software adoption, and market presence in India presents opportunities for differentiation and expansion.
While facing challenges in pricing negotiations and managing margins, Nextracker's strategic initiatives and financial strength bode well for future growth.
Overall, Nextracker's performance, strengths, and opportunities outweigh the challenges, indicating a positive trajectory for the company.

Nextracker (NXT) excels in Q3 with record revenue and global expansion

Nextracker Inc (NXT) delivered a stellar performance in Q3 2024, with record revenue, strong EBITDA, and a focus on innovation and quality.
Despite market challenges and project delays, the company's financial strength, global expansion, and product quality position it for continued success.
Opportunities lie in market dynamics favoring renewable energy, global expansion, and sustained demand, driving Nextracker's growth trajectory.

Nextracker Inc achieves record revenue and profits, eyes global expansion

Nextracker Inc delivered exceptional financial performance in Q4 and FY 2024, driven by revenue growth and profitability.
The company's strengths lie in its financial health, innovative solutions, and commitment to sustainability.
Challenges include pricing pressure, potential delays, and the need to balance growth with resilience.
Opportunities for Nextracker include global market expansion, cost optimization, and industry leadership aspirations.

NEXTracker Inc (NXT) reports robust Q1 results and eyes clean energy expansion

NEXTracker Inc (NXT) delivered strong financial performance in Q1 2025, driven by revenue growth, innovative product solutions, and strategic acquisitions.
While facing challenges such as supply chain costs and market share concerns, the company is well-positioned to capitalize on opportunities in expanding markets and advancing clean energy initiatives.
Overall, NEXTracker's performance, strengths, and focus on growth underscore its resilience and potential for continued success in the clean energy sector.

NEXTracker Inc (NXT) reports robust Q2 performance and eyes strategic growth

NEXTracker Inc (NXT) showcases strong performance, operational expansion, and robust margins in Q2 2025.
The company's competitive strengths, stable project pipeline, and strategic investments position it well for future growth.
Challenges in maintaining margins and managing expenses require careful attention for sustained profitability.
Opportunities lie in expanding the Foundation business, R&D investments, market exploration, and software value proposition.
CEO Dan Shugar expresses confidence in the company's future prospects and growth trajectory.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Nextracker, Inc. engages in the provision of integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects. Its products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. The company was founded by Daniel S. Shugar, Alexander Au, Nicholas Miller, Michael Mehavich, Marco Garcia, and Tyroan Hardy in 2013 and is headquartered in Fremont, CA.

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), one of the world's leading providers of intelligent solar tracker and software solutions, today announced financial results for the fourth quarter and fiscal year ended March 31, 2023. Fourth Quarter Fiscal 2023 Financial Highlights Revenue of $518.4 million GAAP net income of $27.5 million Adjusted EBITDA of $72.5 million Adjusted net income of $55.9 million Full Year Fiscal 2023 Financial Highlights Revenue of $1.9 billion GAAP net i.

Nextracker Reports Fourth Quarter and Fiscal Year 2023 Financial Results

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), one of the world's leading providers of intelligent solar tracker and software solutions, today announced that the size of the company's Board of Directors has been increased from eleven to thirteen members, adding two new directors: Brandi Thomas and Kyra Whitten. Both new members joined the Board effective April 25, 2023. Ms. Thomas joins as an independent director and has a deep financial background, with experience in corporate aud.

Nextracker Expands Board, Adding Two Directors

Atlas Energy Solutions Inc

Skyward Specialty Insurance Group Inc

If you're looking for new stocks to watch in 2023 for potential breakout opportunities, the most logical options would be new initial public offerings (IPOs). According to Renaissance Capital, there have been 36 IPOs year-to-date.

3 New Stocks to Watch in April 2023 for Potential Breakout Opportunities

If you've been looking for IPOs to watch out for in 2023, you've likely come up empty-handed. According to Renaissance Capital, just 29 companies have gone public in the United States so far this year, raising $2.3 billion in proceeds.

3 IPOs to Watch Out for in 2023

IPO Stock Of The Week Nextracker broke out to new high and is one of the top IPO stocks to watch. The post IPO Stock Of The Week: Nextracker Breaks Out Past New Buy Point appeared first on Investor's Business Daily.

IPO Stock Of The Week: Nextracker Breaks Out Past New Buy Point

NEW DELHI & HYDERABAD, India--(BUSINESS WIRE)--Nextracker, one of the world's leading providers of intelligent solar tracker and software solutions, today announced the signing of an agreement with Sterling and Wilson Renewable Energy Limited, one of the leading RE EPC and O&M solutions provider in the world, to deliver its award-winning solar trackers to NTPC Renewable Energy Limited's 1.255GW Solar PV Project in Khavda RE Park, Gujarat.

Sterling and Wilson Renewable Energy Limited Selects Nextracker Technology for NTPC REL's Khavda 1.255GW (AC)/1.568-Gigawatt (DC) Power Plant

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (NASDAQ: NXT) will announce its fourth quarter and fiscal 2023 financial results after the market closes on Wednesday, May 10, 2023. The company will hold a conference call to discuss the results on the same day at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time). The live webcast presentation will be available on the Nextracker Investor Relations (IR) website located at investors.nextracker.com.

Nextracker Announces Date for Fourth Quarter and Fiscal 2023 Earnings Call

Shares of Nextracker Inc (NASDAQ: NXT) have already gained more than 20% in recent days but a Bank of America analyst is convinced that it's still not too late to invest in this solar solutions company.

Nextracker stock could climb to $40: Bank of America

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker Inc. (Nasdaq: NXT), a leading provider of solar tracking and software solutions, has signed a multi-year volume commitment agreement with Strata Clean Energy to supply 810 megawatts (MW) of trackers for large-scale solar power projects in Texas, Arizona, and Virginia. Consistent with Nextracker's years-long campaign to grow its partnerships with US suppliers, much of the equipment will be sourced from U.S. factories.

Nextracker Signs Volume Commitment Agreement with Strata Clean Energy for 810 MW of Solar Trackers

Array Technologies

Canadian Solar

JinkoSolar Holding

Maxeon Solar Technologies

Canadian Solar and Array Technologies reported earnings that point to higher demand broadly for solar energy. Interest rates continued to ease, making solar more economical for developers.

Why Solar Energy Stocks Were on Fire This Week

MADRID--(BUSINESS WIRE)-- #NXHorizonXTR--Nextracker Inc. (NASDAQ: NXT) secured a new deal in Europe for its terrain-following solar tracker NX Horizon-XTR™ (XTR), demonstrating demand for tracking technology that enables solar developers to build on land with complex topography and unique environmental constraints. The German international solar developer, IbVogt, chose Nextracker's XTR for the 150 MW Garnacha solar power plant in Spain.

European Renewable Energy Developer IbVogt Chooses Nextracker's Terrain-Following Solar Tracker

IPO stock and solar leader Nextracker triggered a key sell rule Friday, with the stock diving around 8% in today's stock market. The post IPO Stock Of The Week: Hot New Issue Nextracker Triggers Key Sell Rule In Today's Stock Market Sell-Off appeared first on Investor's Business Daily.

IPO Stock Of The Week: Hot New Issue Nextracker Triggers Key Sell Rule In Today's Stock Market Sell-Off

Nextracker (NASDAQ: NXT) IPOd only a few weeks ago but is already building momentum for a sustained rally. The company provides equipment, software, and services for the solar industry and is a high-demand business.

Solar Tech-Services; Nextracker Should Be On Your Radar

IPO stock leader Nextracker could soon offer its first buy point after a big debut Feb. 9 amid a struggling stock market rally. The post IPO Stock Of The Week: Hot New Issue Nextracker Could Offer First Buy Point After Big Debut appeared first on Investor's Business Daily.

IPO Stock Of The Week: Hot New Issue Nextracker Could Offer First Buy Point After Big Debut

Nextracker Inc. is a solar tracking business being spun out from Flex. The company has seen a successful public debut, after the IPO market was closed for a long time.

NEXTracker: Keeping Track Off

The IPO market got a dose of good news Thursday, as solar energy company Nextracker Inc raised $638 million in its IPO. The maker of solar tracker systems was the largest US IPO since Mobileye Global Inc's October debut on Nasdaq.

Nextracker's $638M IPO market brings wave of relief to barren IPO market

Nextracker (NASDAQ: NXT ) has officially begun trading and it's enjoying an impressive start. Since debuting on the Nasdaq this morning, the solar tracking innovator has made a lot of progress.

NXT Stock Alert: 5 Things to Know as Nextracker Starts Trading

The Nextracker IPO is the largest initial public offering since Mobileye in October, raising $638 million for the solar tracker maker. The post Nextracker IPO Tops Expectations As Solar Company Raises $638.4 Million appeared first on Investor's Business Daily.

Nextracker IPO Tops Expectations As Solar Company Raises $638.4 Million

Hesai Group

Two initial public offerings underwritten by major investment banks added shares ahead of their trading debuts on Thursday, as the new-issues market taps into strong gains by the broad equities market so far in 2023.

IPOs ride stock-market surge with debuts from Nextracker, Hesai Group and others

Flex Ltd. FLEX, -1.23% said Thursday its solar tracker software maker unit Nextracker Inc. NXT, increased the size of its initial public offering to 26.6 million shares from 23.26 million shares and priced it at $24 a share, above the estimated range of $20 to $23 for its stock market debut on Thursday on the Nasdaq. Fremont, Calif.

Nextracker prices IPO above range for Thursday debut

Solar technology firm Nextracker raised $638 million in its U.S. IPO, pricing it slightly higher than its indicated target range, parent company Flex Ltd said in a statement on Wednesday, adding that the number of shares sold was increased.

Solar tech firm Nextracker raises $638 mln in upsized U.S. IPO

The Nextracker initial public offering, which had sought to raise up to $535 million, will likely be the biggest U.S. listing since October.

Solar tech company Nextracker expected to price at upper end of range in good sign for IPO market

Nextracker has filed proposed terms to raise $500 million in a U.S. IPO. The firm sells solar cell array tracking for utility-scale installations.

Nextracker Seeks $500 Million IPO As China Reportedly Bans Solar Tech

Nextracker has filed to raise capital via a U.S. IPO. The firm sells solar array tracking systems to commercial and utility-scale operators worldwide.

News for NEXTracker Inc Stock (NXT)