$NXT Nextracker Inc Deep Dive and 2024 outlook
The solar tracker is outperforming its competitors and peers. Is it a good buy?
Nextracker Inc.manufactures intelligent solar tracker and software solutions for utility-scale and ground-mounted distributed solar projects.
Founded in 2013 and headquartered in Fremont, California, Nextracker is a market leader in the solar industry, offering innovative products like NX Horizon, NX Gemini, and NX Horizon-XTR trackers, along with software solutions such as TrueCapture and NX Navigator.
The company's technology focuses on boosting plant performance, correcting shading issues, and maintaining equipment health in extreme weather conditions. With a strong leadership team boasting extensive experience in solar technology, Nextracker has installed or has contracts for 50 GW of trackers globally. The company's parent company, Flex, provides financial stability and a robust global supply chain network.
Nextracker's dedication to driving the energy transition is reflected in its industry recognition as the top global solar tracker company for five consecutive years with over 30% market share.
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