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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Nextracker's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Nextracker's position in the market.
Rhea-AI Summary
Nextracker and JENNMAR Subsidiary JM Steel expand U.S. supply chain with new facility to triple solar energy project capacity. The Leetsdale steel facility achieves 4 GW of Nextracker-dedicated capacity, supporting American manufacturing and creating jobs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
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Rhea-AI Summary
Nextracker launches the industry's first low carbon solar tracker solution, NX Horizon™, reducing carbon footprint by up to 35%. The solution showcases Nextracker's commitment to sustainability through circular steelmaking, recycled steel, and optimized logistics. Third-party verification confirms environmental benefits, leading to initial orders from U.S.-based solar projects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.26%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.03%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.67%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.81%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.66%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.66%
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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
1.41%
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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
5.48%
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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
5.48%
Tags
Nextracker Inc.
Nasdaq:NXT
NXT Rankings
NXT Stock Data
5.97B
136.15M
0.24%
56.89%
7.2%
Optical Instrument and Lens Manufacturing
Manufacturing
United States of America
FREMONT