Nextracker Inc. provides solar tracker technologies and solutions for utility-scale and distributed generation solar applications in the United States and internationally. The company offers tracking solutions, including NX Horizon, a solar tracking solution; NX Horizon-XTR, a terrain-following tracker to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain; NX Horizon Hail Pro adds automatic stowing using weather service information; and NX Horizon Low Carbon, a solar tracker solution with a reduced carbon footprint. It also provides TrueCapture, an energy yield management system that addresses power production shortfalls; NX Anchor, a solar tracker foundation system to facilitate solar project development in challenging soil conditions; NX Truss Driver, an advanced installation equipment; and NX Navigator, which assists solar power plant owners and operators in monitoring, controlling, and protecting their solar projects. The company serves engineering, procurement, and construction firms, as well as solar project developers and owners. Nextracker Inc. was founded in 2013 and is headquartered in Fremont, California.
Industry Outlook | Learn how favorable solar energy trends and the Inflation Reduction Act support Nextracker's growth, with analysts projecting an average price target of $56.20 |
Strategic Expansion | Delve into Nextracker's market expansion through strategic acquisitions and entry into high-growth markets like India, diversifying its product offerings |
Financial Prowess | Explore Nextracker's robust financial health, with a 58.39% year-to-date return and raised guidance for FY25, including adjusted EBITDA of $625-665 million |
Solar Market Leade | Nextracker maintains its dominant position with a 23% market share, showcasing consistent performance and strategic growth initiatives in the solar tracking industry |
Metrics to compare | NXT | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipNXTPeersSector | |
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P/E Ratio | 17.9x | −0.8x | 12.3x | |
PEG Ratio | 6.38 | −0.02 | 0.03 | |
Price / Book | 5.6x | 1.4x | 1.4x | |
Price / LTM Sales | 3.1x | 1.2x | 1.2x | |
Upside (Analyst Target) | 3.8% | 9.8% | 15.8% | |
Fair Value Upside | Unlock | 24.8% | 6.7% | Unlock |