NEXTracker Inc

Earnings data Q4 2023

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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.

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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.

Nextracker (NXT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Nextracker (NXT) Might Surprise This Earnings Season

Nextracker (NXT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Nextracker (NXT) a New Buy Stock

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FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT) will announce its first quarter fiscal 2024 financial results after the market closes on Wednesday, July 26, 2023. The company will hold a conference call to discuss the results on the same day at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). The live webcast presentation will be available on the Nextracker Investor Relations (IR) website located at investors.nextracker.com. The webcast replay, along with supporting materials, will b.

Nextracker Announces Date for First Quarter Fiscal 2024 Earnings Call

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker Inc. (Nasdaq: NXT) (“Nextracker”) announced today that in connection with its previously announced underwritten offering of 14,210,511 shares of its Class A common stock (“Common Stock”) offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker, the underwriters have exercised in full their option to purchase 1,650,000 additional shares of Common Stock from Nextracker and such selling stockholders at the.

Nextracker Announces Full Exercise of Underwriters' Option to Purchase Additional Shares in Offering of Class A Common Stock

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker Inc. (Nasdaq: NXT) (“Nextracker”) announced today that it priced its underwritten offering of 14,210,511 shares of its Class A common stock (“Common Stock”) offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker at an offering price of $36.50 per share. The offering is expected to close on July 3, 2023, subject to customary closing conditions. In addition, the underwriters of the offering have been gr.

Nextracker Announces Pricing of Offering of Class A Common Stock

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FREMONT, Calif.--(BUSINESS WIRE)--Nextracker Inc. (Nasdaq: NXT), a global market leader in utility-scale solar trackers, announced today that it has launched a proposed underwritten offering of 14,210,511 shares of its Class A common stock (“Common Stock”) offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker. The underwriters of the offering will also have a 30-day option to purchase up to 1,650,000 additional shares of Common Stock from Nextr.

Nextracker Announces Launch of Offering of Class A Common Stock

Nextracker has been doing alright since the Flex spin-off went public in February. This is driven by solid fourth quarter results and a convincing fiscal 2024 outlook. I like the operating performance, but fear that the valuations are too demanding to create a compelling risk-reward here.

Nextracker: Tracking Higher

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), one of the world's leading providers of intelligent solar tracker and software solutions, has announced members of its leadership team will participate in the upcoming investor conference: J.P. Morgan 2023 Energy, Powers and Renewables Conference Date: June 21, 2023 Presentation time: 4:40am PT / 7:40am ET The presentation will be available as a live webcast accessible through the Nextracker Investor Relations website at https://invest.

Nextracker to Participate in Upcoming Investor Conference

MEMPHIS, Tenn.--(BUSINESS WIRE)--Nextracker Inc. (NASDAQ:NXT), a global market leader in utility-scale solar trackers, and MSS Steel Tubes USA, a joint venture of Metalogalva and Soufer, today announced the commissioning of a new Tennessee factory to manufacture low-carbon steel components for Nextracker's solar tracking systems. The Memphis-based facility will manufacture Nextracker steel torque tubes, creating 129 jobs and generating millions of dollars in local economic investment. “We chose.

Dedicated Nextracker Manufacturing Line at New MSS Steel Factory to Bring New Jobs and Millions of Dollars in Investment to Tennessee Valley Region

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Nextracker and Lamb Weston made it to new highs on Friday. The post Love French Fries?

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FREMONT, Calif.--(BUSINESS WIRE)--Earlier today, Nextracker Inc. (Nasdaq: NXT), a global provider of intelligent solar tracker and software solutions, announced its first quarterly earnings as a public company. The fiscal Q4 earnings announcement underscores the significant and continued market demand for Nextracker's solar solutions. “At Nextracker we're laser-focused on delivering customer value with the most reliable and highest performing systems,” said Dan Shugar, Nextracker CEO and founde.

Nextracker Maintains Strong Global Momentum in FY23 Q4

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

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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

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News for NEXTracker Inc Stock (NXT)