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FREMONT, Calif. - Nextracker Inc. (NASDAQ:NXT), a $20.7 billion market cap solar technology company whose stock has surged 75% over the past year, introduced its NX PowerMerge trunk connector, a DC power component designed to improve electrical balance of systems installation and reliability for ground-mounted solar power plants, according to a company press release.
The new connector, which represents Nextracker’s first product introduction to its electrical balance of systems portfolio since acquiring Bentek earlier this year, features a 2kV-ready solution for PV string-to-trunk bus connections with 400A+ ampacity and support for up to eight tap wires.
The company states the product provides field flexibility with fewer connections and a simplified installation process compared to traditional trunk systems. It is designed to be compatible with all solar trackers and fixed systems.
"Customers will appreciate faster and more flexible construction, greater reliability, and alignment with the attributes of a modern grid," said Dan Shugar, founder and CEO of Nextracker, in the press release. According to InvestingPro analysis, the company maintains a "GOOD" overall financial health score, indicating strong operational fundamentals.
Key features of the NX PowerMerge include field adaptable installation that accommodates diverse solar field layouts, expanded contact surface area to lower electrical resistance, and maintenance-free operation aimed at reducing long-term operations and maintenance costs.
The product is available for purchase now with deliveries scheduled to begin in spring 2026. Nextracker will offer a manufactured in the U.S.A. option. With the company’s next earnings report scheduled for October 22, 2025, investors can access detailed financial analysis and 13 additional exclusive insights through InvestingPro’s comprehensive research reports.
The company will showcase the new connector along with its full technology platform at the RE+ 2025 event at The Venetian in Las Vegas from September 8-11.
In other recent news, Flex Ltd. reported strong financial results for the first quarter of fiscal year 2026, with an adjusted earnings per share of $0.72, surpassing analyst expectations of $0.63. The company’s revenue reached $6.6 billion, exceeding the forecasted $6.26 billion. Despite these positive earnings, Flex’s stock experienced a decline in pre-market trading. Additionally, Flex raised its revenue guidance to $26.5 billion from the previous $25.9 billion, although the operating margin guidance remained at 6.0-6.1%. KeyBanc Capital Markets reiterated its Overweight rating on Flextronics stock, viewing the recent 7.7% sell-off as a buying opportunity. Furthermore, Flex has entered into a five-year warrant agreement with Amazon.com, with vesting tied to qualifying purchases over the term. Raymond James considers this a positive indicator of the commercial relationship between the two companies, though specific business areas involved remain unclear. These developments highlight recent activities surrounding Flex Ltd.
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