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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 and JENNMAR Subsidiary JM Steel Bolster U.S. Supply Chain with New Facility Expansion to Triple Capacity for Solar Energy Projects
-
Nextracker Launches Industry’s First Low Carbon Solar Tracker Solution
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Nextracker to Announce Fourth Quarter Fiscal 2024 and Full-Year Results on May 14, 2024
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Nextracker Announces Chuck Boynton as New Chief Financial Officer
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Nextracker and Orrcon Steel to Deliver Sovereign Capability in Australia
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ACWA Power and Larsen & Toubro Select Nextracker’s All-Terrain Solar Trackers for Al Kahfah Solar Park
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Nextracker to Present at Upcoming Investor Conferences
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Nextracker Accelerates in Distributed Generation (DG) Solar with Two New Strategic Value-Added Reseller Partners and Over 600 DG Projects Delivered
Trading Information
- Previous Close Price
- $42.98
- Day Range
- $42.11–44.65
- 52-Week Range
- $29.28–62.14
- Bid/Ask
- $43.74 / $45.00
- Market Cap
- $5.98 Bil
- Volume/Avg
- 2.3 Mil / 3.6 Mil
Key Statistics
- Price/Earnings (Normalized)
- 30.61
- Price/Sales
- 1.10
- 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 Core
- Total Number of Employees
- 606
- Website
- https://www.nextracker.com
Competitors
Valuation
|
Metric
|
NXT
|
SHLS
|
FSLR
|
|---|---|---|---|
Price/Earnings (Normalized) | 30.61 | 12.41 | 22.17 |
Price/Book Value | — | 2.66 | 2.82 |
Price/Sales | 1.10 | 2.87 | 5.70 |
Price/Cash Flow | 6.85 | 9.19 | 16.77 |
Price/Earnings
NXT
SHLS
FSLR
Financial Strength
|
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 |
Quick Ratio
NXT
SHLS
FSLR
Profitability
|
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% |
Return on Assets
NXT
SHLS
FSLR
Solar Industry Comparables
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
FSLR
| First Solar Inc | Xjbfwjk | Gdjq | $19.1 Bil | |
ENPH
| Enphase Energy Inc | Jgryfpvlm | Nqt | $14.6 Bil | |
XNYIF
| Xinyi Solar Holdings Ltd | — | Qnzdwrr | $5.9 Bil | |
XISHY
| Xinyi Solar Holdings Ltd ADR | — | Mkffmq | $5.9 Bil | |
GCPEF
| GCL Technology Holdings Ltd | — | Tcpdp | $3.7 Bil | |
SEDG
| SolarEdge Technologies Inc | Pdwyspzgz | Hvzm | $3.3 Bil | |
RUN
| Sunrun Inc | Kvkjnpjm | Dls | $2.2 Bil | |
SHLS
| Shoals Technologies Group Inc Ordinary Shares - Class A | Zxvxwrkqb | Qpljv | $1.5 Bil | |
SPWR
| SunPower Corp | Xydz | Zjdv | $349.2 Mil |