Latest news with #Nextracker
Yahoo
6 hours ago
- Business
- Yahoo
Nextracker's (NASDAQ:NXT) Q2 Sales Beat Estimates
Solar tracker company Nextracker (NASDAQ:NXT) announced better-than-expected revenue in Q2 CY2025, with sales up 20% year on year to $864.3 million. On the other hand, the company's full-year revenue guidance of $3.33 billion at the midpoint came in 0.6% below analysts' estimates. Its non-GAAP profit of $1.16 per share was 12.6% above analysts' consensus estimates. Is now the time to buy Nextracker? Find out in our full research report. Nextracker (NXT) Q2 CY2025 Highlights: Revenue: $864.3 million vs analyst estimates of $845.1 million (20% year-on-year growth, 2.3% beat) Adjusted EPS: $1.16 vs analyst estimates of $1.03 (12.6% beat) Adjusted EBITDA: $214.8 million vs analyst estimates of $199.6 million (24.9% margin, 7.6% beat) The company slightly lifted its revenue guidance for the full year to $3.33 billion at the midpoint from $3.3 billion Management raised its full-year Adjusted EPS guidance to $4.12 at the midpoint, a 7.2% increase EBITDA guidance for the full year is $780 million at the midpoint, above analyst estimates of $761.3 million Operating Margin: 21.5%, in line with the same quarter last year Free Cash Flow Margin: 8.1%, down from 16.4% in the same quarter last year Backlog: $4.75 billion at quarter end, up 14.5% year on year Market Capitalization: $9.67 billion 'Nextracker delivered another strong quarter across all key financial metrics and saw continued market share momentum,' said Dan Shugar, founder and CEO of Nextracker. Company Overview With its technology playing a key role in the massive 1.2 gigawatt Noor Abu Dhabi solar farm project, Nextracker (NASDAQ:NXT) is a provider of solar tracker systems that help solar panels follow the sun. Revenue Growth A company's long-term performance is an indicator of its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Over the last four years, Nextracker grew its sales at an incredible 25.8% compounded annual growth rate. Its growth surpassed the average industrials company and shows its offerings resonate with customers, a great starting point for our analysis. We at StockStory place the most emphasis on long-term growth, but within industrials, a stretched historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. Nextracker's annualized revenue growth of 25.2% over the last two years aligns with its four-year trend, suggesting its demand was predictably strong. Nextracker's recent performance shows it's one of the better Renewable Energy businesses as many of its peers faced declining sales because of cyclical headwinds. Nextracker also reports its backlog, or the value of its outstanding orders that have not yet been executed or delivered. Nextracker's backlog reached $4.75 billion in the latest quarter and averaged 42.5% year-on-year growth over the last two years. Because this number is better than its revenue growth, we can see the company accumulated more orders than it could fulfill and deferred revenue to the future. This could imply elevated demand for Nextracker's products and services but raises concerns about capacity constraints. This quarter, Nextracker reported robust year-on-year revenue growth of 20%, and its $864.3 million of revenue topped Wall Street estimates by 2.3%. Looking ahead, sell-side analysts expect revenue to grow 8.5% over the next 12 months, a deceleration versus the last two years. Still, this projection is above average for the sector and indicates the market sees some success for its newer products and services. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Operating Margin Nextracker has been a well-oiled machine over the last five years. It demonstrated elite profitability for an industrials business, boasting an average operating margin of 16.7%. This result was particularly impressive because of its low gross margin, which is mostly a factor of what it sells and takes huge shifts to move meaningfully. Companies have more control over their operating margins, and it's a show of well-managed operations if they're high when gross margins are low. Looking at the trend in its profitability, Nextracker's operating margin rose by 9.7 percentage points over the last five years, as its sales growth gave it immense operating leverage. In Q2, Nextracker generated an operating margin profit margin of 21.5%, in line with the same quarter last year. This indicates the company's cost structure has recently been stable. Cash Is King Although earnings are undoubtedly valuable for assessing company performance, we believe cash is king because you can't use accounting profits to pay the bills. Nextracker has shown robust cash profitability, enabling it to comfortably ride out cyclical downturns while investing in plenty of new offerings and returning capital to investors. The company's free cash flow margin averaged 10.9% over the last five years, quite impressive for an industrials business. Taking a step back, we can see that Nextracker's margin expanded by 13.7 percentage points during that time. This is encouraging, and we can see it became a less capital-intensive business because its free cash flow profitability rose more than its operating profitability. Nextracker's free cash flow clocked in at $70.07 million in Q2, equivalent to a 8.1% margin. The company's cash profitability regressed as it was 8.3 percentage points lower than in the same quarter last year, but we wouldn't put too much weight on it because capital expenditures can be seasonal and companies often stockpile inventory in anticipation of higher demand, causing quarter-to-quarter swings. Long-term trends carry greater meaning. Key Takeaways from Nextracker's Q2 Results We were impressed by how significantly Nextracker blew past analysts' EPS and EBITDA expectations this quarter. We were also glad it raised its full-year EPS and EBITDA guidance. On the other hand, its backlog missed. Overall, this print was mixed but still had some key positives. Investors were likely hoping for better backlog numbers, and shares traded down 4.5% to $62.06 immediately after reporting. Big picture, is Nextracker a buy here and now? If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free.
Business Wire
8 hours ago
- Business
- Business Wire
Nextracker Reports First Quarter Fiscal Year 2026 Financial Results
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), a leading solar technology platform provider, today announced financial results for the first quarter of fiscal year 2026, ended June 27, 2025. Financial Summary (In millions, except per share) Q1 FY26 Q4 FY25 Q1 FY25 Revenue $864 $924 $720 GAAP Gross Profit $282 $306 $237 GAAP Gross Margin 32.6 % 33.1 % 33.0 % GAAP Net Income $157 $158 $125 GAAP Net Income Margin 18.2 % 17.1 % 17.3 % GAAP Diluted EPS $1.04 $1.05 $0.84 Adjusted Gross Profit $285 $309 $241 Adjusted Gross Margin 33.0 % 33.4 % 33.5 % Adjusted EBITDA $215 $242 $175 Adjusted EBITDA Margin 24.9 % 26.2 % 24.3 % Adjusted Net Income $176 $193 $139 Adjusted Diluted EPS $1.16 $1.29 $0.93 Expand Q1 FY26, Q4 FY25 and Q1 FY25 results include approximately $93 million, $75 million, and $47 million, respectively, of IRA 45X advanced manufacturing tax credit vendor rebates ('45X credits'). Please refer to Nextracker's most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K for more information on 45X credits and schedules III, IV and V attached to this press release for a reconciliation of non-GAAP to GAAP financial measures. Additional information can be found on the Investor Relations section of our website. First Quarter Fiscal Year 2026 Financial Highlights: Revenue of $864 million, up 20% YoY and 27% international revenue growth YoY GAAP gross profit of $282 million, up 19% YoY and GAAP operating income of $186 million, up 16% YoY Adjusted gross profit of $285 million, up 18% YoY and adjusted EBITDA of $215 million, up 23% YoY Total backlog over $4.75 billion Operating cash flow of $81 million, $743 million of cash at the end of the quarter with no debt $86.8 million in cash consideration invested in Q1 for strategic acquisitions to support new growth initiatives Business Highlights: Achieved #1 global market share for the 10th consecutive year; top market position in North America, Latin America, Oceania, and Europe Continued rapid adoption of NX Horizon Hail Pro ™ and NX Horizon-XTR ™ series trackers with quarter-over-quarter sales up 43% and 22%, respectively Positive customer reaction to expanding technology platform including foundation and eBOS products, with cumulative sales of NX Earth Truss® now over 1 GW 'Nextracker delivered another strong quarter across all key financial metrics and saw continued market share momentum,' said Dan Shugar, founder and CEO of Nextracker. 'We are innovating the next generation of energy technology and announced this morning the acquisitions of three robotics and AI technologies. As electricity demand accelerates globally, our focus on innovation is creating a broad solar technology platform.' 'Our GAAP operating margin of 22% reflects the benefits of disciplined execution and ongoing investment in high-value technologies,' said Chuck Boynton, CFO of Nextracker. 'Innovations like NX Horizon Hail Pro and NX Horizon-XTR are helping to improve customer outcomes while driving greater efficiency and scalability across our operations. This quarter's performance underscores the strength of our business model and ability to deliver profitable growth.' Adjusted EBITDA range of $750 million to $810 million, which excludes approximately $130 million for stock-based compensation, acquisition related costs, and net intangible amortization. Adjusted Diluted EPS range of $3.96 to $4.27, which excludes approximately $0.72 for stock-based compensation, acquisition related costs, and net intangible amortization, net of impacts for tax. Our outlook assumes the current U.S. policy environment remains in effect, and in addition, that permitting processes and timelines will remain consistent with historical levels. The Company is closely monitoring potential updates to safe harbor provisions and other regulatory actions, which could impact project timing, investment decisions and our financial results. Evolving Nextracker Solar Technology Platform Nextracker's strategy is to incorporate complementary technologies around its market-leading tracker systems with the objective of lowering costs for customers, enabling accelerated solar power plant construction timelines, and enhancing system operating performance and long-term reliability. The company believes this strategy will help create new revenue and profit opportunities and strengthen its competitive position and customer stickiness of its core tracker business via integration of complementary features and benefits. As such, in previous quarters Nextracker announced acquisitions in the areas of foundations and eBOS. Additionally, today the company also announced three prior advanced robotic and AI acquisitions made during the past four quarters with an aggregate investment of over $40 million, including future contingent earnout consideration. These technologies, from real-time monitoring to robotic cleaning and 3D site mapping, integrate directly with the company's control and monitoring systems to help customers optimize performance, reduce O&M costs, and lower risk. Nextracker believes the expansion of its AI, machine learning, and advanced robotics will have far-reaching impact across its business. Q1 FY26 Earnings Call July 29, 2025 2:00 p.m. PT / 5:00 p.m. ET Live webcast available on We encourage you to review our Q1 FY26 Shareholder Letter, which, along with this press release, is available on the Nextracker Investor Relations website and includes important information for Nextracker shareholders that supplements and expands on the information in this press release. The webcast replay will be available on the Nextracker Investor Relations website following the conclusion of the event. About Nextracker Nextracker innovates and delivers a leading solar power technology platform with integrated tracker, electrical solutions, and yield management and control systems for utility-scale and distributed generation projects. Our advanced technology enables solar power plants to follow the sun's movement across the sky and optimize performance. With systems operating in more than 40 countries worldwide, Nextracker offers innovative solutions that accelerate solar power plant construction, increase energy output, and enhance long-term reliability. For more information, visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the trends for energy demand and future solar adoption, the expected benefits of our eBOS, foundations, advanced robotic and AI acquisitions (including the benefits our customers may realize as a result of integrating these businesses into Nextracker's), the demand for our products, including Hail Pro-75 ™, our XTR tracker series, and NX Earth truss, our competitiveness and global market share, the impacts to our business caused by the U.S. policy environment including as a result of the 'One Big Beautiful Bill Act' and other regulatory and policy actions, and Nextracker's outlook for fiscal year 2026 and other periods. These forward-looking statements are based on various assumptions and on the current expectations of Nextracker's management. These statements involve risks and uncertainties that could cause the actual results to differ materially from those anticipated by these forward-looking statements, including risks and uncertainties that are also described under 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in Nextracker's most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and other documents that Nextracker has filed or will file with the Securities and Exchange Commission. There may be additional risks that Nextracker is not aware of or that Nextracker currently believes are immaterial that could also cause actual results to differ from the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Nextracker assumes no obligation to update these forward-looking statements. Use of Adjusted Financial Information An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules III, IV and V attached to this press release, and can be found, along with other financial information including the Earnings Presentation, on the investor relations section of our website at Channels for Disclosure of Information Nextracker intends to announce material information to the public through the Nextracker Investor Relations website, SEC filings, press releases, public conference calls, and public webcasts. Nextracker uses these channels to communicate with its investors, customers, and the public about the company, its offerings, and other issues. As such, Nextracker encourages investors, the media, and others to follow the channels listed above and to review the information disclosed through such channels. Schedule II Nextracker Inc. Unaudited condensed consolidated balance sheets (In thousands) As of March 31, 2025 ASSETS Current assets: Cash and cash equivalents $ 743,402 $ 766,103 Accounts receivable, net of allowance of $1,433 and $1,472, respectively 553,578 472,462 Contract assets 384,683 405,890 Inventories 227,133 209,432 Section 45X credit receivable 221,245 215,616 Other current assets 102,903 88,483 Total current assets 2,232,944 2,157,986 Property and equipment, net 72,422 60,395 Goodwill 444,923 371,018 Other intangible assets, net 68,949 53,241 Deferred tax assets 511,255 498,778 Other assets 59,446 51,098 Total assets $ 3,389,939 $ 3,192,516 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 581,454 $ 585,299 Accrued expenses 85,990 97,000 Deferred revenue 261,688 247,127 Other current liabilities 102,859 104,086 Total current liabilities 1,031,991 1,033,512 Tax receivable agreement (TRA) liability 391,939 394,879 Long-term deferred revenue 101,452 96,635 Other liabilities 57,413 39,360 Total liabilities 1,582,795 1,564,386 Total stockholders' equity 1,807,144 1,628,130 Total liabilities and stockholders' equity $ 3,389,939 $ 3,192,516 Expand Schedule III Nextracker Inc. Unaudited condensed consolidated statements of cash flows (In thousands) Three-month periods ended June 27, 2025 June 28, 2024 Cash flows from operating activities: Net income $ 157,183 $ 124,794 Depreciation and amortization of intangible assets 5,789 941 Changes in working capital and other, net (81,648 ) (4,889 ) Net cash provided by operating activities 81,324 120,846 Cash flows from investing activities: Purchases of property and equipment (11,258 ) (2,890 ) Payment for acquisitions, net of cash acquired (86,813 ) (110,165 ) Net cash used in investing activities (98,071 ) (113,055 ) Cash flows from financing activities: Repayment of bank borrowings — (937 ) Payment of revolver issuance costs — (3,715 ) TRA payment (2,944 ) — Distribution to former non-controlling interest holder (3,010 ) (5,314 ) Net cash used in financing activities (5,954 ) (9,966 ) Net decrease in cash and cash equivalents (22,701 ) (2,175 ) Cash and cash equivalents beginning of period 766,103 474,054 Cash and cash equivalents end of period $ 743,402 $ 471,879 Expand Three-month periods ended Adjusted free cash flow June 27, 2025 June 28, 2024 Net cash provided by operating activities $ 81,324 $ 120,846 Purchases of property and equipment (11,258 ) (2,890 ) Adjusted free cash flow $ 70,066 $ 117,956 Expand Schedule IV Nextracker Inc. Reconciliation of GAAP to Non-GAAP financial measures (In thousands, except percentages and per share data) Three-month periods ended June 27, 2025 March 31, 2025 June 28, 2024 GAAP gross profit & margin $ 281,726 32.6 % $ 305,687 33.1 % $ 237,440 33.0 % Stock-based compensation expense 2,238 2,582 3,780 Intangible amortization 1,159 880 88 Adjusted gross profit & margin $ 285,123 33.0 % $ 309,149 33.4 % $ 241,308 33.5 % GAAP operating income & margin $ 186,230 21.5 % $ 195,307 21.1 % $ 160,094 22.2 % Stock-based compensation expense 22,310 40,114 21,901 Intangible amortization 2,059 1,780 88 Acquisition related costs 1,079 643 1,480 Adjusted operating income & margin $ 211,678 24.5 % $ 237,844 25.7 % $ 183,563 25.5 % GAAP net income & margin $ 157,183 18.2 % $ 157,814 17.1 % $ 124,794 17.3 % Stock-based compensation expense 22,310 40,114 21,901 Intangible amortization 2,059 1,780 88 Adjustment for taxes (7,129 ) (6,980 ) (9,644 ) Acquisition related costs 1,079 643 1,480 Adjusted net income & margin $ 175,502 20.3 % $ 193,371 20.9 % $ 138,619 19.3 % GAAP net income & margin $ 157,183 18.2 % $ 157,814 17.1 % $ 124,794 17.3 % Interest, net (5,371 ) (6,544 ) (1,292 ) Provision for income taxes 33,784 40,848 27,152 Depreciation expense 3,730 3,328 853 Intangible amortization 2,059 1,780 88 Stock-based compensation expense 22,310 40,114 21,901 Acquisition related costs 1,079 643 1,480 Other tax related loss, net — 4,514 — Adjusted EBITDA & margin $ 214,774 24.9 % $ 242,497 26.2 % $ 174,976 24.3 % Diluted earnings per share GAAP $ 1.04 $ 1.05 $ 0.84 Earnings per share attributable to Non-GAAP adjustments 0.12 0.24 0.09 Adjusted $ 1.16 $ 1.29 $ 0.93 Diluted shares used in computing per share amounts 150,901 149,740 149,233 Expand See the accompanying notes on Schedule V attached to this press release Schedule V Nextracker Inc. Notes To supplement Nextracker's unaudited selected financial data presented consistent with U.S. Generally Accepted Accounting Principles ('GAAP'), the Company discloses certain non-GAAP financial measures that exclude certain charges and gains, including adjusted earnings before interest, taxes, depreciation, and amortization ('Adjusted EBITDA'), adjusted EBITDA margin, adjusted gross profit, adjusted gross margin, adjusted operating income, adjusted net income, adjusted diluted earnings per share, and adjusted free cash flow. These supplemental measures exclude certain legal and other charges, stock-based compensation expense and intangible amortization, other discrete events as applicable and the related tax effects. These non-GAAP measures are not in accordance with or an alternative for GAAP and may be different from non-GAAP measures used by other companies. We believe that these non-GAAP measures have limitations in that they do not reflect all the amounts associated with Nextracker's results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Nextracker's results of operations in conjunction with the corresponding GAAP measures. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP measures. We compensate for the limitations of non-GAAP financial measures by relying upon GAAP results to gain a complete picture of the Company's performance. In calculating non-GAAP financial measures, we exclude certain items to facilitate a review of the comparability of the Company's operating performance on a period-to-period basis because such items are not, in our view, related to the Company's ongoing operational performance. We use non-GAAP measures to evaluate the operating performance of our business, for comparison with forecasts and strategic plans, for calculating return on investment, and for benchmarking performance externally against competitors. In addition, management's incentive compensation is determined using certain non-GAAP measures. Since we find these measures to be useful, we believe that investors benefit from seeing results 'through the eyes' of management in addition to seeing GAAP results. We believe that these non-GAAP measures, when read in conjunction with the Company's GAAP financials, provide useful information to investors by offering: the ability to make more meaningful period-to-period comparisons of the Company's ongoing operating results; the ability to better identify trends in the Company's underlying business and perform related trend analysis; a better understanding of how management plans and measures the Company's underlying business; and an easier way to compare the Company's operating results against analyst financial models and operating results of competitors that supplement their GAAP results with non-GAAP financial measures. The following are explanations of each of the adjustments that we incorporate into non-GAAP measures, as well as the reasons for excluding each of these individual items in the reconciliations of these non-GAAP financial measures: Stock-based compensation expense consists of non-cash charges for the estimated fair value of unvested restricted share unit and stock option awards granted to employees. The Company believes that the exclusion of these charges provides for more accurate comparisons of its operating results to peer companies due to the varying available valuation methodologies, subjective assumptions, and the variety of award types. In addition, the Company believes it is useful to investors to understand the specific impact stock-based compensation expense has on its operating results. Intangible amortization consists primarily of non-cash charges that can be impacted by, among other things, the timing and magnitude of acquisitions. The Company considers its operating results without these charges when evaluating its ongoing performance and forecasting its earnings trends, and therefore excludes such charges when presenting non-GAAP financial measures. The Company believes that the assessment of its operations excluding these costs is relevant to its assessment of internal operations and comparisons to the performance of its competitors. Acquisition costs consist primarily of nonrecurring transaction costs for business acquisitions. Adjustment for taxes relates to the tax effects of the various adjustments that we incorporate into non-GAAP measures to provide a more meaningful measure on non-GAAP net income and certain adjustments related to non-recurring settlements of tax contingencies or other non-recurring tax charges, when applicable.
Business Wire
8 hours ago
- Business
- Business Wire
Nextracker Launches New AI and Robotics Business with Technology Acquisitions and New Executive Appointment
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), a leading solar technology platform provider, today announced the launch of a new AI and robotics business initiative, anchored by the appointment of its first chief AI and robotics officer and a series of strategic technology acquisitions. Over the past four quarters, the company has invested over $40 million to acquire three AI and robotics technologies. These acquisitions strengthen Nextracker's end-to-end digital platform and enhance solar power plant deployment, quality, reliability, and long-term return on investment (ROI) for asset owners. 'With millions of sensors and control nodes already deployed over approximately 100 GW of operating systems in 40 countries, Nextracker has a unique opportunity to harness AI and robotics at scale,' said Dan Shugar, founder and CEO of Nextracker. Share Nextracker has appointed Dr. Francesco Borrelli as chief AI and robotics officer, a newly created executive role focused on advancing the company's global AI and robotics strategy. A pioneer in predictive control systems, Dr. Borrelli brings decades of experience developing and commercializing autonomous technologies across robotics, automotive, and industrial sectors. In his new role, he will lead the integration of AI, machine learning, and advanced robotics into Nextracker's products and solutions to support global scalability and long-term innovation. 'With millions of sensors and control nodes already deployed over approximately 100 GW of operating systems in 40 countries, Nextracker has a unique opportunity to harness AI and robotics at scale,' said Dan Shugar, founder and CEO of Nextracker. 'Dr. Borelli brings the vision and expertise to lead this evolution, allowing us to deliver deeper insights, timely and incisive actions, and greater customer ROI across our global technology platform.' 'Scaling solar to meet global energy demand requires a new level of autonomy in how we build and operate power plants,' said Dr. Borrelli. 'I'm excited to join Nextracker in this role and help lead the integration of AI and robotics—turning field data into real-time action that drives solar plant performance, reduces risk, and accelerates deployment.' As a key component of its digital and robotics technology platform, Nextracker acquired OnSight Technology, a pioneer in autonomous robotic inspection and fire detection systems for solar power plants. OnSight's AI-driven tools enable predictive maintenance by identifying and forecasting common mechanical and electrical failures—helping asset owners reduce operational risk, improve uptime, and manage site health proactively. OnSight's team of robotics engineers, field operations specialists, and product developers have joined Nextracker, and OnSight products are now commercially available in the U.S. with a global rollout planned for next year. 'Joining Nextracker is an exciting new chapter for OnSight Technology,' said Derek Chase, CEO of OnSight. 'From day one, our mission has been to bring advanced robotics and intelligence into the solar field. Together with Nextracker, we can deliver smarter diagnostics at scale to improve response time, reduce risk, and strengthen ROI.' Nextracker also announced two previously undisclosed complementary acquisitions: SenseHawk IP (August 2024): IP that enables the creation of high-resolution 3D as-built maps of solar project sites using AI-enabled drone-captured imagery. The maps support precise geolocation and digital model alignment to enhance site commissioning and integration with optimization software such as TrueCapture®. Amir Robotics (March 2025): Developer of a lightweight, water-free robotic cleaning technology designed for daily operation at large-scale solar sites. This innovative solution will be integrated into Nextracker's existing data infrastructure to reduce soil-related yield loss and is currently being tested at several commercial sites. 'Integrating robotics and AI into Nextracker's technology platform is a smart move,' said Sheldon Kimber, CEO of Intersect Power. 'We were early adopters of OnSight's robotic inspection technology and believe that Nextracker has the expertise and global footprint to scale these types of products and services to multi-gigawatt deployment levels.' Contact insidesales@ to learn more. Watch this video to see how these systems operate in utility-scale solar plants. About Nextracker Nextracker innovates and delivers a leading solar power technology platform with integrated tracker, electrical solutions, and yield management and control systems for utility-scale and distributed generation projects. Our advanced technology enables solar power plants to follow the sun's movement across the sky and optimize performance. With systems operating in more than 40 countries worldwide, Nextracker offers innovative solutions that accelerate solar power plant construction, increase energy output, and enhance long-term reliability. For more information, visit Nextracker. Follow us on LinkedIn, YouTube, Instagram, X and Facebook. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the trends for future solar adoption, including the role AI and robotics will play, and the expected benefits of the recent AI and robotics acquisitions (including the benefits Nextracker's customers may realize as a result of integrating these businesses into Nextracker's). These forward-looking statements are based on various assumptions and on the current expectations of Nextracker's management. These statements involve risks and uncertainties that could cause the actual results to differ materially from those anticipated by these forward looking statements, including risks and uncertainties that are also described under 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in Nextracker's most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and other documents that Nextracker has filed or will file with the Securities and Exchange Commission. There may be additional risks that Nextracker is not aware of or that Nextracker currently believes are immaterial that could also cause actual results to differ from the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Nextracker assumes no obligation to update these forward-looking statements.
Yahoo
14-07-2025
- Business
- Yahoo
Mizuho cuts ratings on Fluence, Nextracker, Shoals, Enlight after energy bill
-- Mizuho Securities downgraded several clean energy companies in response to President Trump's One Big Beautiful Bill (OBBB), which reshapes the federal energy subsidy landscape, in a note dated Monday. The brokerage lowered ratings on Fluence Energy, Nextracker, and Shoals Technologies to 'neutral,' and cut Enlight Renewable Energy to 'underperform.' The new policy accelerates the expiration of solar and wind tax credits by 2030. To qualify for full benefits, projects must begin construction within the next year. By the end of 2025, projects will also need to avoid the use of Chinese-linked materials to remain eligible. Mizuho analysts expect these conditions to limit short-term demand, particularly for utility-scale solar developers, which face interconnection delays and stricter regulatory compliance. Nextracker's price target was reduced by 3% to $65, while Shoals Technologies' target was left unchanged due to rounding. Despite raising Fluence Energy's price target by 67% to $10, Mizuho moved the stock to Neutral, citing that the value of its domestic supply chain is now priced in. The report also noted an expected rise in domestic competition within one to two years. Enlight Renewable Energy's price target was increased 11% to $21 following a recent stock rally. However, the brokerage downgraded the company to Underperform, citing limited visibility in pulling forward project development beyond 2028. Mizuho's updated stance favors domestic manufacturers and residential solar leasing firms over utility developers and system component providers. The OBBB maintains the 45X manufacturing tax credit established under the Inflation Reduction Act while tightening content requirements to exclude materials linked to China. As a result, Mizuho named First Solar (NASDAQ:FSLR), Bloom Energy (NYSE:BE), and Sunrun (NASDAQ:RUN) as its top picks under the new policy environment. First Solar's price target was raised by 1% to $278, and Bloom Energy's by 19% to $31. Sunrun's target was increased 62% to $21, with analysts expecting the market to shift fully to solar leases, which remain eligible for the Investment Tax Credit through 2030. In contrast, the 25D credit for cash and loan purchases ends on December 31, 2025. Among inverter manufacturers, SolarEdge's price target was raised 61% to $29, though its Neutral rating was maintained. Enphase Energy's target was reduced 6% to $50 due to anticipated declines in solar loan demand, but Mizuho kept an 'outperform' rating based on expected cost savings from the company's IQ9 platform. The report also cited stable support for battery energy storage systems under the OBBB, with continued tax credits and stricter foreign content thresholds. Fuel cells received an unexpected boost, with the reinstatement of a 30% tax credit for natural gas-based systems enhancing Bloom Energy's competitiveness. Related articles Mizuho cuts ratings on Fluence, Nextracker, Shoals, Enlight after energy bill Street Calls of the Week Air India crash probe reveals pilot moved fuel switch to CUTOFF Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-07-2025
- Business
- Yahoo
Why Nextracker Could Be the Next Big Money Outlier
NXT products enable solar panels installed at power plants to follow the sun's movement across the sky and optimize the plant's performance. Its fourth-quarter fiscal 2024 earnings report showed a record $924 million of quarterly revenue (a 26% year-over-year increase), full-year revenue of roughly $3 billion (18% rise), and diluted per-share earnings of $4.22 for the year. No wonder NXT shares are up 75% so far this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock. Institutional volumes reveal plenty. In the last year, NXT has enjoyed strong investor demand, which we believe to be institutional support. Each green bar signals unusually large volumes in NXT shares. They reflect our proprietary inflow signal, pushing the stock higher: Plenty of industrials names are under accumulation right now. But there's a powerful fundamental story happening with Nextracker. Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, NXT has had strong sales and earnings growth: 3-year sales growth rate (+26.8%) 3-year EPS growth rate (+5,250%) Source: FactSet Also, EPS is estimated to ramp higher this year by +12.1%. Now it makes sense why the stock has been generating Big Money interest. NXT is generating strong financial performance. Marrying great fundamentals with MoneyFlows software has found some big winning stocks over the long term. Nextracker became a top-rated stock at MoneyFlows last year. That's when the stock saw unusual buy pressure with its growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis. Since its first outlier inflow signal in February 2024, NXT is up 12.3%. The blue bars below show when NXT was a top pick…the Big Money bumps could continue: Tracking unusual volumes reveals the power of money flows. This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward. The NXT action isn't new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio. Disclosure: the author holds no position in NXT at the time of publication. If you are a Registered Investment Advisor (RIA) or a serious investor, learn how institutional trading flows can take your investing to the next level. This article was originally posted on FX Empire Identify Superstar Stocks Like DoorDash Before the Crowd S&P 500 and Nasdaq 100 Analysis: Golden Cross, Golden Opportunity Meta Shares: What's Next After Record Performance? Credo's Revenue Soars, Attracts Big Money Inflows Vistra's Nuclear AI Option, Renewables Draw Inflows Has the U.S. Dollar Found Support? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
