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Nextracker Is the Market Leader in the Growing Solar-Tracking Industry
Nextracker is the world’s largest manufacturer of intelligent tracker systems for utility-scale solar projects globally.
NEXTracker Inc Ordinary Shares - Class A NXT
Bulls Say, Bears Say
Bulls
Nextracker’s best-in-class independent row tracker system, aligns its optimized energy yields with developer’s long-term project economics.
Bears
Cost-sensitive EPCs, which account for 75% of Nextracker’s customers, exhibit limited stickiness with tracker companies.
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News
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Nextracker Acquires Ojjo to Expand Utility-Scale Solar Tracker Foundations Business
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Nextracker and Unimacts Dedicate Second Nevada Factory to Serve Solar Power Demand
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Texas Pacific Land, Altair Engineering Hit 52-Week Highs on S&P MidCap 400 Inclusion
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KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
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Nextracker to Present at the J.P. Morgan Energy, Power & Renewables Conference
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Generac, Next Era Energy Partners downgraded as analyst favors Hannon Armstrong
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Nextracker Reports Q4 and FY24 Financial Results
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Nextracker and JENNMAR Subsidiary JM Steel Bolster U.S. Supply Chain with New Facility Expansion to Triple Capacity for Solar Energy Projects
Trading Information
- Previous Close Price
- $46.12
- Day Range
- $44.52–47.30
- 52-Week Range
- $32.14–62.31
- Bid/Ask
- $45.65 / $45.90
- Market Cap
- $6.58 Bil
- Volume/Avg
- 1,837 / 4.1 Mil
Key Statistics
- Price/Earnings (Normalized)
- 14.82
- Price/Sales
- 2.67
- Dividend Yield (Trailing)
- —
- Dividend Yield (Forward)
- —
- Total Yield
- —
Company Profile
Nextracker (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextracker’s products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. Nextracker has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil.
- Sector
- Technology
- Industry
- Solar
- Stock Style Box
- Small Growth
- Total Number of Employees
- 277
- Website
- https://www.nextracker.com
Competitors
Valuation
|
Metric
|
NXT
|
SEDG
|
SHLS
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.82 | 5.99 | 9.81 |
Price/Book Value | 6.64 | 0.61 | 1.85 |
Price/Sales | 2.67 | 0.62 | 2.15 |
Price/Cash Flow | 12.79 | — | 7.41 |
Price/Earnings
NXT
SEDG
SHLS
Financial Strength
|
Metric
|
NXT
|
SEDG
|
SHLS
|
|---|---|---|---|
Quick Ratio | 1.41 | 1.83 | 1.78 |
Current Ratio | 1.98 | 4.54 | 2.62 |
Interest Coverage | 44.99 | −149.63 | 2.87 |
Quick Ratio
NXT
SEDG
SHLS
Profitability
|
Metric
|
NXT
|
SEDG
|
SHLS
|
|---|---|---|---|
Return on Assets (Normalized) | 23.21% | −0.77% | 11.03% |
Return on Equity (Normalized) | — | −1.44% | 17.17% |
Return on Invested Capital (Normalized) | 55.22% | −1.05% | 14.75% |
Return on Assets
NXT
SEDG
SHLS
Solar Industry Comparables
|
1-Day Chart
|
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Price
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Morningstar Rating for Stocks
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Capital Allocation
|
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Market Cap
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| First Solar Inc
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ENPH
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XNYIF
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| Xinyi Solar Holdings Ltd ADR
XISHY
| — | Ddykh | $4.2 Bil | |||
| GCL Technology Holdings Ltd
GCPEF
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| Sunrun Inc
RUN
| Dvhxhtxqy | Lhdc | $2.4 Bil | |||
| Array Technologies Inc Ordinary Shares
ARRY
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| SolarEdge Technologies Inc
SEDG
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| Shoals Technologies Group Inc Ordinary Shares - Class A
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