Flex Ltd Stock Price, News & Analysis

JetCool, a Flex (NASDAQ: FLEX) company, has launched its next-generation SmartPlate™ System, a self-contained liquid cooling solution now available for select Dell PowerEdge systems. The innovative cooling system delivers 15% IT power savings in third-party thermal testing without requiring facility water or infrastructure changes.

The fully sealed, direct-to-chip liquid cooling solution enables higher compute density in colocation facilities and data centers without water hookups, while maintaining consistent performance in warm ambient temperatures. JetCool provides full-stack liquid cooling solutions, service, and support for Dell PowerEdge servers, leveraging Flex's global presence and manufacturing capabilities.

Nextracker (NXT) has acquired Bentek Corporation for approximately $78 million in an all-cash transaction including future contingent earnout. The acquisition adds electrical balance of system (eBOS) products to Nextracker's solar tracker platform, enabling streamlined procurement and project logistics from a single source.

Bentek's eBOS solutions include trunk bus solutions, combiner box solutions, and configurable harness solutions, all meeting North American safety standards. The acquisition enhances Nextracker's domestic supply chain position through Bentek's U.S. fabrication footprint. Bentek's products have demonstrated exceptional field reliability over 15 years of operation.

Nextracker (NXT) reported strong Q4 FY25 financial results with record revenue of $924 million, up 26% year-over-year. The company achieved GAAP net income of $158 million and diluted EPS of $1.05. For the full fiscal year, Nextracker reached record revenue of approximately $3 billion with backlog exceeding $4.5 billion.

Key highlights include successful product adoption with over 9 GW of NX Horizon Hail Pro bookings and 17 GW of XTR solar trackers sold in FY25. The company expanded its global presence to over 40 countries and announced the acquisition of Bentek Corporation for $78 million to launch its electrical balance-of-systems business.

Looking ahead, Nextracker provided FY26 guidance with revenue projected at $3.2-3.4 billion and adjusted EBITDA of $700-775 million. The company ended FY25 with a strong financial position, generating $622 million in free cash flow and holding over $766 million in cash with no debt.

Flex (NASDAQ: FLEX) has announced a major expansion of its Critical Power Business, Anord Mardix, in Europe to enhance data center power capabilities. The company has acquired a new 600,000-square-foot manufacturing site in Bielsko-Biała, Poland, effectively doubling its European power product capacity to 1.2 million square feet. The facility employs over 700 skilled workers and will produce grid-to-chip products including LV/MV Switchgear, Power Pods, and Busway systems.

This expansion follows recent strategic moves including opening a second facility in Dundalk, Ireland, launching a new U.S. manufacturing facility in Dallas, and acquiring Crown Technical Systems and JetCool Technologies. The expansion is driven by increasing demand for AI-driven power solutions and data center infrastructure, with Flex now operating more than 30 sites in EMEA and maintaining over 11 million square feet of regionalized manufacturing capacity in Europe.

Flex (NASDAQ: FLEX) has announced its leadership team's participation in the J.P.Morgan 53rd Annual Global Technology, Media and Communications Conference. The presentation is scheduled for May 14, 2025, at 7:00am CT / 8:00am ET. Investors can access the live webcast through the Flex Investor Relations website at investors.flex.com, where an archived replay will also be available after the presentation concludes.