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.
Nextracker (NXT) and Unimacts (UNX) announced the opening of a new 160,000-square-foot manufacturing facility in Sloan, Nevada. This is the second factory dedicated to Nextracker by Unimacts in the past year, aimed at meeting the growing demand for solar power in the Southwest U.S.
The facility produces steel torque tubes for solar panels and supports over 2 GW of new solar power annually, enough to power 400,000 homes. This expansion is part of Nextracker's broader strategy to reshore manufacturing, having opened or expanded over 20 U.S. facilities since 2021.
The announcement highlights the economic and job growth potential from federal incentives, with a projection of creating 550,000 new clean energy jobs by 2030. The new factory boosts Nextracker’s domestic solar tracker capacity to over 30 GW. Key attendees at the dedication event included representatives from the Nevada Governor’s Office, the White House, Copia Power, American Clean Power, and Edison Electric Institute.
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.
FAQ
What is the current stock price of Nextracker (NXT)?
What is the market cap of Nextracker (NXT)?
