NXT Stock Recent News

Renewable energy is on its way to replacing fossil fuels. Many economies are transitioning to green energy sources, and the United Nations COP28 Summit has encouraged more countries to commit to the cause.

CNBC's Jim Cramer delivers his daily Mad Dash.

Famed investor Jim Cramer is tapping on an over 20% hit to Nextracker Inc (NASDAQ: NXT) in recent weeks to build a position.  Shares of the solar energy solutions company are roughly flat for the year.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

The International Energy Agency's Renewables 2023 report highlights a rapid 50% expansion in renewable power capacity, driven by China, Europe, the United States, and Brazil. Solar photovoltaic (PV) and wind led this growth, underscoring the potential of strong buy renewable energy stocks.

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (NASDAQ: NXT), a global provider of intelligent solar tracker and software solutions, today announced it has acquired Ojjo in an all-cash transaction for approximately $119 million. The purchase price is subject to working capital and other customary purchase price adjustments. Ojjo is a U.S.-based renewable energy company specializing in foundation technology and services used in utility-scale ground-mount applications for solar power generation. Co.

Nextracker (NXT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

LAS VEGAS--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), a global market leader in solar tracker and software solutions, and Unimacts (UNX), a leading provider of industrial manufacturing and supply chain solutions, today jointly announced a new factory in the Las Vegas area. This is the second Nextracker-dedicated manufacturing line that Unimacts has opened in the last year. The new, 160,000-square-foot facility in Sloan, Nevada, produces steel torque tubes used to hold and rotate solar panels in.

Nextracker (NXT) concluded the recent trading session at $60.53, signifying a +0.41% move from its prior day's close.

Nextracker CEO Dan Shugar said renewable energy will be the predominant power source for data centers as opposed to natural gas. Nextracker is a leading provider of systems that allow solar panels to track the position of the sun, improving performance.