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Nextracker - 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 (NXT) is a global leader in intelligent solar tracking systems and integrated software solutions for utility-scale renewable energy projects. This page provides a centralized hub for all official company announcements, financial updates, and strategic developments.

Access real-time insights into Nextracker's operational milestones, including earnings reports, technology innovations, and partnership announcements. Investors and industry professionals will find verified updates on product launches, market expansions, and sustainability initiatives shaping the solar energy sector.

Our curated news collection covers essential categories such as quarterly financial results, new project deployments, engineering advancements in solar tracking technology, and executive leadership updates. Each release is sourced directly from the company to ensure accuracy and timeliness.

Bookmark this page for streamlined access to Nextracker's evolving role in advancing solar energy efficiency worldwide. Check back regularly for critical updates that demonstrate the company's impact on renewable energy infrastructure and cleantech innovation.

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Nextracker (NXT) will announce its fourth quarter fiscal 2024 and full-year financial results on May 14, 2024, after the market closes. The company will hold a conference call to discuss the results on the same day at 2:00 p.m. PT (5:00 p.m. ET). Investors can access the live webcast on investors.nextracker.com.
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Nextracker (NXT) appoints Charles Boynton as CFO, with David Bennett transitioning to CAO. Boynton brings 30 years of finance experience and solar industry expertise. CEO Dan Shugar praises Boynton's leadership. Bennett to continue as CAO, ensuring a smooth transition. Company aims for long-term growth and shareholder returns.
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Nextracker (NXT) partners with Orrcon Steel to manufacture critical components for smart solar trackers in Australia, with the first delivery to ACCIONA Energia’s 480MWp Aldoga Solar Farm. The collaboration aims to support the local supply chain, create new manufacturing jobs, and enhance clean energy accessibility in Australia.
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Nextracker (NXT) to provide NX Horizon-XTR™ solar tracker for 1.17 GW Al Kahfah Solar Power Plant in Saudi Arabia. The project aims to advance the National Renewable Energy Program, with ACWA Power and Larsen & Toubro as key partners. The smart solar tracking system will enhance energy yield while minimizing environmental impact on the project site.
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Nextracker (Nasdaq: NXT) will present at investor conferences including Bank of America 2024 Power, Utilities and Clean Energy Conference, ROTH Conference, and Piper Sandler Energy Conference. Webcasts and replays will be accessible on Nextracker's IR website.
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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.
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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.
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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.
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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.
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Nextracker Inc. (Nasdaq: NXT) completes spin-off from Flex Ltd., resulting in ownership separation.
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Nextracker

Nasdaq:NXT

NXT Rankings

NXT Stock Data

5.79B
140.04M
0.42%
110.16%
5.79%
Solar
Search, Detection, Navagation, Guidance, Aeronautical Sys
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United States
FREMONT