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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.
Solar Market Leade | Nextracker dominates with 23% market share, showcasing strong financials and strategic expansions in the rapidly growing utility-scale solar industry |
Financial Prowess | Explore Nextracker's impressive financial metrics, including a $4.5 billion backlog and raised guidance for fiscal year 2025, signaling robust growth potential |
Strategic Acquisitions | Delve into Nextracker's recent acquisitions of Ojjo and Solar Pile International, positioning the company for enhanced product offerings and market expansion |
Industry Challenges | Analysts project a $47-$55 price target range, reflecting optimism amid uncertainties in tax credits, permitting issues, and increasing market competition |
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 | 18.7x | −0.8x | 12.5x | |
PEG Ratio | 6.59 | −0.03 | 0.03 | |
Price/Book | 5.8x | −0.2x | 1.4x | |
Price / LTM Sales | 3.2x | 1.1x | 1.2x | |
Upside (Analyst Target) | 3.6% | 32.2% | 14.0% | |
Fair Value Upside | Unlock | 26.5% | 5.5% | Unlock |