Nextracker adds three energy sector veterans to board of directors

FREMONT, Calif. - Solar technology company Nextracker Inc. (NASDAQ:NXT), currently trading near its 52-week high of $45.84 with a market capitalization of $16.9 billion, has appointed three new members to its Board of Directors, the company announced in a press release statement. According to InvestingPro analysis, the company maintains a GOOD financial health score.

The new board members include Monica Karuturi, executive vice president and general counsel of CenterPoint Energy; Mark Menezes, president and CEO of the United States Energy Association; and Jeffrey Guldner, former president, CEO, and chairman of Pinnacle West Capital Corporation and Arizona Public Service Company.

Karuturi has held her current position at CenterPoint Energy since January 2022, following various leadership roles at the company since joining in 2014. She previously served as counsel for corporate finance and strategic transactions at LyondellBasell Industries.

Menezes currently leads the United States Energy Association, a non-profit organization focused on global energy development and policy. He previously served as Deputy Secretary of the U.S. Department of Energy from 2020 to 2021 and has been an adjunct professor at Georgetown University Law Center since 2021.

Guldner joined Nextracker’s board in June 2024 after serving as the head of Pinnacle West Capital Corporation and Arizona Public Service Company from 2019 to 2025. Before his executive roles, he was a partner at Snell & Wilmer LLP practicing utility and energy law.

Nextracker CEO Dan Shugar said the new directors bring "extensive depth in policy, regulation, corporate governance, and electric utilities" as the company continues to scale its global operations.

Nextracker provides solar tracking systems, electrical solutions, and yield optimization technology for utility-scale and distributed generation projects, with systems operating in more than 40 countries. The company generates annual revenue of $25.8 billion and trades at a P/E ratio of 21.14. For deeper insights into Nextracker’s financial performance and growth potential, InvestingPro subscribers can access comprehensive analysis and 12+ additional expert insights in the Pro Research Report.

In other recent news, Flex Ltd reported its fourth-quarter earnings for 2025, surpassing Wall Street expectations with an earnings per share (EPS) of $0.73, compared to the anticipated $0.70. The company also exceeded revenue projections, reporting $6.4 billion against the expected $6.24 billion, marking a 4% year-over-year increase. Despite these positive results, Flex’s full-year revenue declined by 2% to $28.5 billion. The company achieved record annual gross and operating margins, highlighting its operational efficiency. Data center revenue grew by approximately 50% year-over-year, contributing significantly to Flex’s performance.

Additionally, Fitch Ratings upgraded Flex Ltd’s outlook to positive, maintaining its ’BBB-’ rating, due to the company’s enhanced financial profile and improved profitability. Analysts at KeyBanc raised the stock price target for Flextronics to $50, citing growth in the data center sector. Flex Ltd has also expanded its European operations, doubling its power product capacity to meet the increasing demand for AI-driven data center power solutions.

The company has projected a mid-30% growth rate for the fiscal year 2026 in its data center segment. Furthermore, Flex’s strategic focus on high-growth areas such as data centers and cloud services is expected to continue driving revenue and profitability.

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