NXT Stock Recent News

Nextracker (NXT) makes a strong case for investment in the Solar space with its rising backlog, improved liquidity and rising earnings estimates.

Nextracker (NASDAQ: NXT), a global leader in intelligent solar tracker solutions, has been chosen by ACWA Power and Larsen & Toubro Limited to supply its all-terrain tracker NX Horizon-XTR for a 1.17 GW installation in Saudi Arabia. The project will utilize Nextracker's smart solar tracker systems.

This week, the World Resources Institute released a report on the current outlook for renewable energy. The report, which objectively covered many recent renewable wins, admitted that “the biggest factor influencing the future of U.S. clean energy development will be results of the 2024 presidential election.

After a string of disappointing years, the IPO market is on the mend. The IPO resurgence is a healthy sign for equity market and will provide investors with more early-stage growth opportunities in 2024.

Nextracker (NXT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Inflation Reduction Act (IRA) benefits and increasing installation activities should benefit U.S. solar industry amid declining module pricing. You may keep FSLR, NXT and SPWR in your watchlist.

Nextracker's soared this week after the company reported earnings that beat expectations by a wide margin, raised its guidance and reported a record backlog.

Solar stocks struggled in 2023 and early 2024 due to sluggish demand and a deteriorating outlook for growth, but Nextracker Inc. NASDAQ: NXT is not your run-of-the-mill solar stock.

Wall Street is racing up to raise its price target on Nextracker Inc (NASDAQ: NXT) after the solar tracker solutions company reported exceptionally strong results for its fiscal third quarter.   Nextracker stock has upside to $73 Nextracker stock is already up a whopping 20% at writing.

Nextracker Inc. (NXT) Q3 2024 Earnings Call Transcript