NASDAQ Framework: Nextracker Inc.
Leading provider of solar tracker solutions 1.
1: Nextracker (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextracker’s products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. Nextracker has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil. View Source
Nextracker Inc. (NASDAQ: NXT) is a global leader in intelligent solar tracker and software solutions, catering to utility-scale and distributed generation solar projects. The company offers advanced tracking solutions such as NX Horizon and NX Horizon-XTR, which are designed to optimize energy yields even on challenging terrains. Additionally, Nextracker provides innovative control systems like TrueCapture and NX Navigator to enhance solar power plant performance. With operations spanning the United States, Mexico, Europe, India, Australia, the Middle East, Africa, and Brazil, Nextracker continues to expand its market presence and technological capabilities 234.
2: Nextracker (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextracker’s products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. Nextracker has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil. View Source3: Nextracker Inc., an energy solutions company, provides solar tracker and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain. It also provides TrueCapture, a self-adjusting tracker control system, which boosts solar power plant production by optimizing the position of individual tracker row in response to site features, such as varying topography and changing weather conditions; and NX Navigator, that assists solar power plant owners and operators in monitoring, controlling, and protecting their solar projects. The company was founded in 2013 and is headquartered in Fremont, California. As of March 31, 2024 Nextracker Inc. was formerly a subsidiary of Flex Ltd. View Source4: Nextracker Inc., an energy solutions company, provides solar tracker and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain. It also provides TrueCapture, a self-adjusting tracker control system, which boosts solar power plant pro... [Read more] View Source
UNKNOWN
The provided facts do not specify whether Nextracker Inc. is still led by its founders or if the founders are heavily involved.
The provided facts do not specify whether Nextracker Inc. is still led by its founders or if the founders are heavily involved.
LOW RISK
Nextracker Inc. is considered to have a low financial risk due to several key factors. The company reported a significant year-over-year revenue increase of 42.1% in the last quarter, with revenues reaching $736.52 million and an EPS of $0.96 compared to $0.21 a year ago 5. Additionally, Nextracker has a strong financial strength subrating of High 6. The company's market cap stands at $6.86 billion, and it has a price-to-earnings ratio of 15.75, indicating a healthy valuation 7. Furthermore, Nextracker's fair value estimate suggests it is potentially 26% undervalued, reinforcing its strong financial position 8. These factors collectively indicate that Nextracker is profitable and well-positioned to cover its costs and spending plans, thus categorizing it as a low-risk investment.
Nextracker Inc. is considered to have a low financial risk due to several key factors. The company reported a significant year-over-year revenue increase of 42.1% in the last quarter, with revenues reaching $736.52 million and an EPS of $0.96 compared to $0.21 a year ago 5. Additionally, Nextracker has a strong financial strength subrating of High 6. The company's market cap stands at $6.86 billion, and it has a price-to-earnings ratio of 15.75, indicating a healthy valuation 7. Furthermore, Nextracker's fair value estimate suggests it is potentially 26% undervalued, reinforcing its strong financial position 8. These factors collectively indicate that Nextracker is profitable and well-positioned to cover its costs and spending plans, thus categorizing it as a low-risk investment.
5: Nextracker reported revenues of $736.52 million in the last reported quarter, representing a year-over-year change of +42.1%. EPS of $0.96 for the same period compares with $0.21 a year ago. View Source6: Lowering target price to $50.00 NEXTRACKER INC-CL A has an Investment Rating of HOLD; a target price of $50.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of Low. Rating Price Target Argus• 4 days ago Raising target price to $51.00 NEXTRACKER INC-CL A has an Investment Rating of HOLD; a target price of $51.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of High; and a Value Subrating of Low. Rating Price Target Argus• 11 days ago Nextracker Earnings: Solid Results, but Competitive Environment Bears Watching Nextracker (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextracker’s products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. Nextracker has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil. Rating Price Target Morningstar• last month Nextracker Earnings: Solid Results, but Competitive Environment Bears Watching Nextracker (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextracker’s products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. Nextracker has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil. Rating Price Target Morningstar• 2 months ago View Source7: The stock’s market cap achieved a total value of $6.86 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Nextracker Inc (NASDAQ:NXT) is 15.75. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 14.10. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.74 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 7.01, which equates the market value of a stock with its book value. View Source8: Using the 2 Stage Free Cash Flow to Equity, Nextracker fair value estimate is US$69.29Current share price of US$51.22 suggests Nextracker is potentially 26% undervaluedOur fair value estimate is 13% higher than Nextracker's analyst price target of US$61.29 View Source
YES
Nextracker Inc. has announced the availability of its flagship NX Horizon™ solar tracker solution, which is described as the industry's first low carbon solar tracker solution 9.
Nextracker Inc. has announced the availability of its flagship NX Horizon™ solar tracker solution, which is described as the industry's first low carbon solar tracker solution 9.
9: Nextracker Launches Industry's First Low Carbon Solar Tracker Solution View Source
Nextracker Inc. is aggressively expanding its product roadmap and market presence from 2024 through 2026. The company recently acquired Ojjo to enhance its utility-scale solar tracker foundations business 1011. Additionally, Nextracker has dedicated a second Nevada factory in collaboration with Unimacts to meet the growing demand for solar power 1213. The company is also bolstering its U.S. supply chain by expanding its facility with JENNMAR subsidiary JM Steel, aiming to triple capacity for solar energy projects 14. Internationally, Nextracker has been selected to provide its all-terrain smart solar trackers for a 1.17 GW solar project in Saudi Arabia 1516. These strategic moves indicate Nextracker's commitment to scaling its operations and enhancing its technological capabilities to meet the increasing global demand for solar energy solutions.
10: Nextracker to Announce First Quarter Fiscal 2025 Results on August 1, 2024 Business Wire Jul 11, 2024 8:05pm Nextracker Acquires Ojjo to Expand Utility-Scale Solar Tracker Foundations Business Business Wire Jun 20, 2024 1:55pm Nextracker and Unimacts Dedicate Second Nevada Factory to Serve Solar Power Demand Business Wire Jun 18, 2024 1:00pm Texas Pacific Land, Altair Engineering Hit 52-Week Highs on S&P MidCap 400 Inclusion Global News Select Jun 10, 2024 5:41pm KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600 PR Newswire Jun 7, 2024 10:09pm Nextracker to Present at the J.P. Morgan Energy, Power & Renewables Conference Business Wire Jun 4, 2024 8:05pm Generac, Next Era Energy Partners downgraded as analyst favors Hannon Armstrong MarketWatch May 23, 2024 11:33am Nextracker Reports Q4 and FY24 Financial Results Business Wire May 14, 2024 8:05pm View Source11: FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (NASDAQ: NXT), a global provider of intelligent solar tracker and software solutions, today announced it has acquired Ojjo in an all-cash transaction for a... View Source12: Nextracker to Announce First Quarter Fiscal 2025 Results on August 1, 2024 Business Wire Jul 11, 2024 8:05pm Nextracker Acquires Ojjo to Expand Utility-Scale Solar Tracker Foundations Business Business Wire Jun 20, 2024 1:55pm Nextracker and Unimacts Dedicate Second Nevada Factory to Serve Solar Power Demand Business Wire Jun 18, 2024 1:00pm Texas Pacific Land, Altair Engineering Hit 52-Week Highs on S&P MidCap 400 Inclusion Global News Select Jun 10, 2024 5:41pm KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600 PR Newswire Jun 7, 2024 10:09pm Nextracker to Present at the J.P. Morgan Energy, Power & Renewables Conference Business Wire Jun 4, 2024 8:05pm Generac, Next Era Energy Partners downgraded as analyst favors Hannon Armstrong MarketWatch May 23, 2024 11:33am Nextracker Reports Q4 and FY24 Financial Results Business Wire May 14, 2024 8:05pm View Source13: Nextracker and Unimacts Dedicate Second Nevada Factory to Serve Solar Power Demand View Source14: Nextracker and JENNMAR Subsidiary JM Steel Bolster U.S. Supply Chain with New Facility Expansion to Triple Capacity for Solar Energy Projects View Source15: Nextracker ($NXT) to Provide All-Terrain Smart Solar Trackers for 1.17 GW Saudi Arabia Solar Project View Source16: Nextracker (NASDAQ: NXT), a global leader in intelligent solar tracker solutions, has been chosen by ACWA Power and Larsen & Toubro Limited to supply its all-terrain tracker NX Horizon-XTR for a 1.17 ... View Source