Nextracker Inc. (NXT)

We followed up with Nextracker (NXT; $41.89; E/W) after it introduced a suite of next-gen solar tracker hardware, software, and services at the RE+ 2023 conference in Las Vegas. We think these recent announcements highlight…

We think recent news flow out of Nextracker (NXT; $41.14; E/W), as well as yesterday’s CQ2 results from industry peer Array Technologies (ARRY; $22.42; NR), which admittedly came with some “puts and takes”, further highlight…

The shares of Nextracker (NXT; $44.19; E/W) surged 12% today after it posted a big FQ1 (Mar) beat that further highlighted the solar tracker business’ long-term potential, especially as it “re-makes” its supply chain to…

We raise our F2024/F2025E (Mar) EPS for Nextracker (NXT; $35.44; E/W) from $1.20/$1.50 to $1.45/$1.75 after some healthy FQ4 (Mar) upside that came with guidance, which we think goes a long way to supporting its…

We establish an Equal-Weight on the shares of Nextracker (NXT; $33.55), a well-scaled, leading provider of solar trackers, which rotate solar panels to follow the sun’s movement for improved energy efficiencies. We see NXT’s prospects…