Nextracker Inc. Stock Price, News & Analysis

Nextracker (NASDAQ: NXT), the leading solar technology platform provider, reported strong Q1 FY26 financial results with revenue reaching $864 million, up 20% year-over-year. The company achieved notable metrics including GAAP net income of $157 million and adjusted EBITDA of $215 million, up 23% YoY.

The company maintains its #1 global market share for the 10th consecutive year and announced strategic acquisitions in advanced robotics and AI technologies. Nextracker raised its FY26 outlook, projecting revenue of $3.2-3.45 billion and adjusted EBITDA of $750-810 million. The company reported strong adoption of its NX Horizon products and a robust backlog exceeding $4.75 billion, with $743 million cash position and zero debt.

Nextracker (NASDAQ: NXT), a solar tracking solutions provider, has scheduled its first quarter fiscal 2026 earnings release for July 29, 2025, after market close. The company will host a conference call to discuss the results at 2:00 PM Pacific Time (5:00 PM Eastern Time) on the same day.

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 available on the website following the event.

Nextracker (NASDAQ: NXT) has been selected to supply its NX Horizon™ solar trackers for the 550 MW Oricheio PPC Ptolemaida solar project in Western Macedonia, Greece. This landmark project, built on a former coal mine site, will be one of Europe's largest solar installations and the largest in Greece.

The project, owned by Greek PPC Renewables and constructed by Terna SA, is in its final construction stage and will generate approximately 1.8% of Greece's annual electricity when fully operational. This development aligns with Greece's revised National Energy and Climate Plan, which targets 82% renewable energy in electricity generation by 2030.

According to Wood Mackenzie, Nextracker has emerged as the European market share leader with over 130 GW of solar trackers shipped worldwide.

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.