Nextracker Stock Price, News & Analysis

Nextracker (NXT), a leading solar energy solutions provider, has strengthened its Board of Directors with three strategic appointments. Monica Karuturi, current executive VP and general counsel of CenterPoint Energy, brings expertise in corporate strategy, finance, and governance. Mark Menezes, president and CEO of the United States Energy Association (USEA), contributes significant energy policy experience from his roles including Deputy Secretary of the U.S. Department of Energy. Jeffrey Guldner, former president, CEO, and chairman of Pinnacle West Capital Corporation and Arizona Public Service Company (APS), adds extensive utility sector leadership experience. These appointments enhance Nextracker's board expertise in energy policy, regulation, corporate governance, and strategic growth as the company continues to expand its global operations.

Nextracker (NXT) has achieved a significant milestone by surpassing 10 gigawatts (GW) of solar tracker deployments in India, with 1.8 GW added in the last quarter alone. The company is expanding its presence with a new 80,000 sq. ft. office and R&D facility in Hyderabad, its largest outside the US. The facility includes a 13-acre Center for Solar Excellence (CFSE) supported by a $1 million investment. Notable achievements include a 305 MW project with ReNew in Anantapur and 1.5 GW of projects through EPC partnerships. Under the 'Make in India' initiative, 95% of Nextracker's tracker components are manufactured domestically. The company employs over 400 people in India and is expanding its workforce across engineering, manufacturing, and customer support roles.

Nextracker (NXT) has acquired Bentek Corporation for approximately $78 million in an all-cash transaction including future contingent earnout. The acquisition adds electrical balance of system (eBOS) products to Nextracker's solar tracker platform, enabling streamlined procurement and project logistics from a single source.

Bentek's eBOS solutions include trunk bus solutions, combiner box solutions, and configurable harness solutions, all meeting North American safety standards. The acquisition enhances Nextracker's domestic supply chain position through Bentek's U.S. fabrication footprint. Bentek's products have demonstrated exceptional field reliability over 15 years of operation.

Nextracker (NXT) reported strong Q4 FY25 financial results with record revenue of $924 million, up 26% year-over-year. The company achieved GAAP net income of $158 million and diluted EPS of $1.05. For the full fiscal year, Nextracker reached record revenue of approximately $3 billion with backlog exceeding $4.5 billion.

Key highlights include successful product adoption with over 9 GW of NX Horizon Hail Pro bookings and 17 GW of XTR solar trackers sold in FY25. The company expanded its global presence to over 40 countries and announced the acquisition of Bentek Corporation for $78 million to launch its electrical balance-of-systems business.

Looking ahead, Nextracker provided FY26 guidance with revenue projected at $3.2-3.4 billion and adjusted EBITDA of $700-775 million. The company ended FY25 with a strong financial position, generating $622 million in free cash flow and holding over $766 million in cash with no debt.

Nextracker (NXT) has scheduled its fourth quarter and full-year fiscal 2025 financial results announcement for May 14, 2025, after market close. The company will host a conference call to discuss the results on the same day at 2:00 PM Pacific Time (5:00 PM Eastern Time).

Investors can access the live webcast through the company's investor relations website at investors.nextracker.com. Supporting materials and a webcast replay will be made available on the IR website following the event.

Nextracker (NXT) reported Q3 FY25 financial results with revenue of $679 million, compared to $710 million in Q3 FY24. The company showed improved profitability metrics, with GAAP gross margin increasing to 35.5% from 29.5% year-over-year. Q3 FY25 GAAP net income was $117 million with EPS of $0.79.

The company achieved record backlog exceeding $4.5 billion and expanded its manufacturing network to over 70 partners across 19 countries. Notable operational highlights include shipping the first 100% U.S. domestic content solar trackers and launching new products like NX Horizon Hail Pro™.

Nextracker reaffirmed its FY25 revenue outlook of $2.8-2.9 billion and raised its profit guidance, with adjusted EBITDA now expected at $700-740 million and adjusted EPS at $3.75-3.95.

Nextracker (NXT) and UC Berkeley Engineering have announced a strategic partnership to establish the CALNEXT Center for Solar Energy Research, supported by Nextracker's $6.5 million contribution. The center aims to advance solar power plant technology and develop engineering leaders for future energy needs.

The initiative will include a leading-edge research program and a planned state-of-the-art solar test field. The center will focus on enhancing power plant performance and operations, while integrating cutting-edge solar technologies into UC Berkeley's engineering and environmental science programs. Students will benefit from hands-on learning experiences, access to industry tools, and Nextracker's internship and mentoring programs.

The center was established through collaboration between Tarek Zohdi (associate dean for research at UC Berkeley Engineering and CALNEXT director), Francesco Borrelli (professor of mechanical engineering and co-director), and Alex Au (Nextracker's co-founder and CTO).

Nextracker (NXT) has scheduled its third quarter fiscal 2025 financial results announcement for Tuesday, January 28, 2025, after market close. The company will host a conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.

Investors can access the live webcast through the company's investor relations website at investors.nextracker.com. Following the event, a replay of the webcast and supporting materials will be made available on the same platform.

Nextracker (NXT) has announced that its Founder and CEO, Dan Shugar, will participate in a fireside chat at the Goldman Sachs Energy, CleanTech & Utilities Conference. The session is scheduled for January 7, 2025, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Interested parties can access the live webcast through investors.nextracker.com. A replay of the webcast will be made available on Nextracker's IR website after the event concludes.