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Nextracker Inc. (NXT) is a premier provider of intelligent, integrated solar tracker and software solutions. The company’s core business focuses on optimizing solar energy generation by enabling solar panels to follow the sun's movement across the sky, thereby enhancing plant performance. Nextracker's products are pivotal in utility-scale and distributed generation solar projects, ensuring efficient and reliable energy output.
The company’s operations span the globe, with notable presences in the United States, Mexico, Spain, Europe, India, Australia, the Middle East, Africa, and Brazil. This extensive geographical reach underscores Nextracker’s commitment to advancing solar energy infrastructure worldwide.
Recent achievements include the development of advanced solar tracking technologies and the expansion of their software solutions, which provide real-time data analytics and performance monitoring. These innovations help optimize energy production and reduce operational costs, setting new benchmarks in the solar energy sector.
Nextracker has forged strategic partnerships with leading energy companies and utilities, bolstering their market position and driving growth. Their product portfolio includes state-of-the-art solar trackers that adapt to various environmental conditions, ensuring maximum efficiency and durability.
Financially, Nextracker remains robust, with consistent revenue streams from their global projects and ongoing investments in research and development. The company’s commitment to sustainability and renewable energy solutions positions them as a key player in the transition to a greener, more sustainable future.
Nextracker (Nasdaq: NXT) announced that its leaders will present at the J.P. Morgan Energy, Power & Renewables Conference on June 17, 2024.
The presentation will take the form of a Fireside Chat, scheduled for 10:10 a.m. PT / 1:10 p.m. ET.
A live webcast will be available on Nextracker's investor relations website, with a replay accessible after the event.
Nextracker (Nasdaq: NXT), a leader in intelligent solar tracker and software solutions, reported its financial results for Q4 and FY2024. The company achieved record revenue of $2.5 billion, a 31% increase YoY, and a GAAP net income of $496 million, with diluted EPS of $3.37.
Adjusted EBITDA surged by 150% to $521 million. The company also reported operating cash flow of $429 million and adjusted free cash flow of $427 million. Nextracker shipped over 100 gigawatts globally, marking a significant milestone.
For Q4 FY2024, revenue grew by 42% YoY to $737 million, with GAAP net income of $223 million and diluted EPS of $1.51. The company has a record backlog exceeding $4 billion, indicating strong demand. FY2025 revenue guidance is set between $2.8 billion and $2.9 billion.
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