STOCK TITAN

Nextracker Inc. - NXT STOCK NEWS

Welcome to our dedicated page for Nextracker news (Ticker: NXT), a resource for investors and traders seeking the latest updates and insights on Nextracker stock.

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.

Rhea-AI Summary
Nextracker (Nasdaq: NXT) has delivered over 600 projects in its distributed generation portfolio, with its NX Horizon™ solar tracker systems driving significant energy gains. The company has entered into agreements with channel partners to support its global ecosystem of DG solar infrastructure. The partnerships aim to enable customers to scale their DG projects more rapidly in the commercial and industrial segment, addressing the smaller utility-scale market and DG solar power generation applications typically under 30 megawatts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.61%
Tags
none
-
Rhea-AI Summary
Nextracker (NXT) achieved record revenue and profits in Q3 FY2024, with revenue reaching $710 million, up 38% YoY, and GAAP net income of $128 million. The company also raised its FY24 guidance, projecting revenue of $2.425 billion to $2.475 billion and GAAP net income of $374 million to $429 million. Nextracker's strong execution, significant revenue growth, and supply chain optimization contributed to a high-quality balance sheet with total liquidity of approximately $800 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
24.81%
Tags
-
Rhea-AI Summary
Flex (FLEX) announced strong third-quarter fiscal year 2024 results with net sales of $7.1 billion, GAAP operating income of $348 million, and adjusted operating income of $477 million. The company's CEO, Revathi Advaithi, highlighted strong execution and market positioning. Fourth-quarter guidance was provided, excluding economic interest in Nextracker, with revenue projected at $5.8 billion to $6.4 billion and GAAP EPS at $0.38 to $0.48. Fiscal year 2024 guidance was updated, with projected revenue of $27.7 billion to $28.3 billion and adjusted EPS of $2.47 to $2.57. The completion of the spin-off of remaining interest in Nextracker to Flex shareholders was also reported.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
24.81%
Tags
Rhea-AI Summary
Nextracker (NXT) will release its Q3 FY2024 financial results on January 31, 2024, followed by a conference call at 1:30 p.m. PT / 4:30 p.m. ET. The live webcast will be available on investors.nextracker.com, with a replay and supporting materials accessible on the Nextracker IR website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.59%
Tags
-
Rhea-AI Summary
Nextracker Inc. (Nasdaq: NXT) completes spin-off from Flex Ltd., resulting in ownership separation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.22%
Tags
none
-
Rhea-AI Summary
Nextracker Inc. (Nasdaq: NXT) strengthens its Board with accomplished energy sector executives Julie Blunden and Howard Wenger, while parting ways with six Flex employee Board members.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.22%
Tags
management
Rhea-AI Summary
Nextracker (NXT) Achieves 10 GW Milestone in the Middle East, Africa, and India
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.1%
Tags
none
-
Rhea-AI Summary
Nextracker (Nasdaq: NXT) to present at 2024 Goldman Sachs Energy, CleanTech & Utilities Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.1%
Tags
conferences
-
Rhea-AI Summary
Nextracker (NXT) CEO Dan Shugar named Chief Trailblazer of the Year at S&P Global’s 25th Annual Platts Global Energy Awards for his leadership and contributions to solar technology innovation. Nextracker's proprietary technology has over 85-gigawatts capacity across six continents, helping plant owners produce more energy, lower operating costs, and deliver significant ROI advantages.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.2%
Tags
none
Rhea-AI Summary
Arevon Energy, Inc. announces closing $529 million financing for Vikings solar-plus-storage project, leveraging Inflation Reduction Act's tax credit transferability provisions and debt. Project features 157 MWDC of solar and 150 MW/600 MWh of battery energy storage, supplying San Diego Community Power. Key suppliers include First Solar, Nextracker, and Tesla. Commercial operations expected in Q3 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.53%
Tags
none

FAQ

What is the current stock price of Nextracker (NXT)?

The current stock price of Nextracker (NXT) is $35.15 as of December 20, 2024.

What is the market cap of Nextracker (NXT)?

The market cap of Nextracker (NXT) is approximately 4.9B.

What does Nextracker Inc. do?

Nextracker provides intelligent, integrated solar tracker and software solutions for utility-scale and distributed generation solar projects.

Where does Nextracker operate?

Nextracker operates in the United States, Mexico, Spain, Europe, India, Australia, the Middle East, Africa, and Brazil.

What are Nextracker’s recent achievements?

Nextracker has developed advanced solar tracking technologies and expanded their software solutions for real-time data analytics and performance monitoring.

What products does Nextracker offer?

Nextracker offers state-of-the-art solar trackers and software solutions that optimize energy production and monitor performance.

Who are Nextracker’s key partners?

Nextracker has strategic partnerships with leading energy companies and utilities around the world.

How does Nextracker contribute to sustainability?

Nextracker’s products enhance solar energy generation efficiency, supporting the transition to renewable energy and a more sustainable future.

What is Nextracker’s financial condition?

Nextracker maintains a strong financial position with consistent revenue streams and ongoing investments in research and development.

How do Nextracker’s solar trackers work?

Nextracker’s solar trackers follow the sun’s movement across the sky to optimize the performance of solar power plants.

What markets does Nextracker serve?

Nextracker serves the utility-scale and distributed generation solar project markets worldwide.

What impact has Nextracker had on the solar energy sector?

Nextracker has set new benchmarks in solar energy efficiency and reliability, helping to advance global solar infrastructure.

Nextracker Inc.

Nasdaq:NXT

NXT Rankings

NXT Stock Data

4.86B
140.02M
0.43%
103.25%
8.01%
Solar
Search, Detection, Navagation, Guidance, Aeronautical Sys
Link
United States of America
FREMONT