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 is the world’s largest manufacturer of intelligent tracker systems for utility-scale solar projects globally.
Nextracker’s best-in-class independent row tracker system, aligns its optimized energy yields with developer’s long-term project economics.
Cost-sensitive EPCs, which account for 75% of Nextracker’s customers, exhibit limited stickiness with tracker companies.
Metric
|
NXT
|
SHLS
|
FSLR
|
---|---|---|---|
Price/Earnings (Normalized) | 29.88 | 12.38 | 22.17 |
Price/Book Value | — | 2.65 | 2.82 |
Price/Sales | 1.07 | 2.86 | 5.70 |
Price/Cash Flow | 6.69 | 9.17 | 16.77 |
Metric
|
NXT
|
SHLS
|
FSLR
|
---|---|---|---|
Quick Ratio | 1.43 | 1.83 | 2.69 |
Current Ratio | 1.87 | 2.45 | 3.55 |
Interest Coverage | — | 3.28 | 62.21 |
Metric
|
NXT
|
SHLS
|
FSLR
|
---|---|---|---|
Return on Assets (Normalized) | 21.56% | 14.25% | 9.73% |
Return on Equity (Normalized) | — | 23.22% | 14.49% |
Return on Invested Capital (Normalized) | 56.89% | 18.64% | 12.31% |
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
---|---|---|---|---|---|
FSLR
| First Solar Inc | Fgkbghv | Lhjs | $19.0 Bil | |
ENPH
| Enphase Energy Inc | Yhyvhnyqr | Ycf | $14.3 Bil | |
XNYIF
| Xinyi Solar Holdings Ltd | — | Mssmjfz | $6.2 Bil | |
XISHY
| Xinyi Solar Holdings Ltd ADR | — | Gwnllfy | $6.2 Bil | |
GCPEF
| GCL Technology Holdings Ltd | — | Tcq | $4.0 Bil | |
SEDG
| SolarEdge Technologies Inc | Vpqgzmkxc | Sdz | $3.3 Bil | |
RUN
| Sunrun Inc | Zvmtfgvfl | Lfhf | $2.2 Bil | |
SHLS
| Shoals Technologies Group Inc Ordinary Shares - Class A | Zmlwxdpr | Ynrr | $1.4 Bil | |
SPWR
| SunPower Corp | Gfrd | Vyy | $365.0 Mil |