Nextracker Stock Price, News & Analysis

Nextracker (Nasdaq: NXT) reported Q2 FY26 revenue of $905 million, up 42% YoY, GAAP net income of $147 million, and adjusted EBITDA of $224 million (up 29% YoY). The company reported a record backlog of over $5 billion, launched NX PowerMerge eBOS products, acquired Origami Solar, and formed a Saudi JV. Nextracker ended the quarter with $845 million cash, no debt, and a new $1 billion unsecured revolving credit facility. Management raised FY26 revenue guidance to $3.275–$3.475 billion and adjusted EBITDA to $775–$815 million.

Abunayyan Holding and Nextracker (NASDAQ: NXT) agreed to form Nextracker Arabia, a Riyadh-based joint venture to manufacture and supply advanced solar trackers and yield-management systems across Saudi Arabia and the MENA region.

The JV will assume ownership of Nextracker’s existing Saudi manufacturing facility, combine Abunayyan’s regional infrastructure experience with Nextracker’s global solar-technology leadership, and localize sales, engineering, manufacturing and distribution. Launch is anticipated in Q1 2026 after formation of Saudi legal entities and satisfaction of closing conditions.

Nextracker (Nasdaq: NXT) will hold a Capital Markets Day in Fremont, California on Wednesday, November 12, 2025, starting at 9:00 a.m. PT / 12:00 p.m. ET. Senior leadership will present the company’s investment-led growth strategy and long-term financial roadmap, followed by a live Q&A.

In-person attendance is by invitation only and includes an optional tour of the Center for Solar Excellence and R&D test field. A live webcast and a replay will be available on the Nextracker Investor Relations website.

Nextracker (Nasdaq: NXT) will announce its second quarter fiscal 2026 financial results after market close on Thursday, October 23, 2025.

The company will host a Q2 FY2026 earnings call the same day at 2:00 p.m. PT / 5:00 p.m. ET. A live webcast will be available at investors.nextracker.com, and the webcast replay plus supporting materials will be posted on the Nextracker investor relations website after the event.

Nextracker (Nasdaq: NXT) has announced the acquisition of Origami Solar in an all-cash transaction worth $53 million, including future contingent earnout consideration. The acquisition marks Nextracker's strategic expansion into the solar panel frame market.

Origami Solar specializes in roll-formed steel frame technology, offering a high-performance alternative to traditional aluminum frames. The technology promises enhanced durability, competitive costs, localized supply chains, and a reduced carbon footprint. The total addressable market for this technology is estimated at $750 million in the U.S. alone.

The acquisition brings Origami's dedicated panel frame design and engineering expertise to Nextracker, positioning the company to drive innovation in panel-tracker solutions and support rapid scaling with U.S.-based fabrication capacity already in place.

Nextracker (Nasdaq: NXT) has launched NX PowerMerge™, an innovative DC power trunk connector designed to enhance electrical balance of systems (eBOS) for ground-mount solar power plants. This marks the company's first eBOS product launch since acquiring Bentek.

The NX PowerMerge features 400A+ ampacity, supports up to eight tap wires, and is compatible with trunk conductors up to 1000 kcmil. Key advantages include field-flexible installation, fewer connection points, simplified inverter block layouts, and maintenance-free operation. The product will be available with deliveries starting in spring 2026, including a U.S. manufacturing option.

Nextracker (Nasdaq: NXT), a solar technology platform provider, has released its fiscal year 2025 Sustainability Report, marking its second annual ESG disclosure. The report aligns with SASB standards and GRI framework, while including TCFD index for climate risk transparency.

Key achievements include the introduction of NX Foundation Solutions and NX Horizon low carbon tracker systems, which reduce tracker-related carbon emissions by up to 35%. The company obtained ISO certifications in multiple regions and committed to Science-Based Targets initiative. Nextracker also launched the CAL-NEXT Center for Solar Energy Research with UC Berkeley and achieved a Total Recordable Incident Rate of 0.61.

Nextracker (Nasdaq: NXT) has secured a significant contract with Casa dos Ventos to supply 1.5 GW of solar tracking systems for four utility-scale projects in Brazil. The deal includes the company's NX Horizon-XTR all-terrain solar tracker and NX Horizon solar tracker systems.

The projects include Babilônia Sul (117 MW), Babilônia Centro (226 MW), Seriemas (540 MW), and Rio Brilhante (680 MW). Three of the four projects will utilize NX Horizon-XTR systems, specifically designed for challenging terrains. All installations will feature Nextracker's TrueCapture yield management system for optimized energy generation.

This marks Casa dos Ventos's first major solar deployment, representing a strategic shift toward hybrid solar-wind power plants to optimize grid connections in Brazil's constrained transmission landscape.

Nextracker (Nasdaq: NXT) has launched a new AI and robotics business initiative, marked by strategic acquisitions and key leadership appointment. The company has invested over $40 million in three AI and robotics technologies over the past four quarters. Dr. Francesco Borrelli joins as the first Chief AI and Robotics Officer to lead the company's global AI strategy.

The acquisitions include OnSight Technology (robotic inspection and fire detection systems), SenseHawk IP (AI-enabled drone mapping), and Amir Robotics (water-free robotic cleaning technology). These technologies will enhance Nextracker's digital platform across its approximately 100 GW of operating systems in 40 countries, improving solar power plant deployment, quality, reliability, and ROI for asset owners.