Nextracker (NXT) Stock News

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.

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.