Reaffirms FY25 Revenue Outlook and Raises FY25 Profit Outlook FREMONT, Calif. / Oct 30, 2024 / Business Wire / Nextracker (Nasdaq: NXT), a global market leader of intelligent solar tracker and software solutions, today announced financial results for the second quarter of fiscal year 2025, ended September 27, 2024. Financial Summary (In millions, except per share) Q2 FY25* Q1 FY25* Q2 FY24 Revenue $636 $720 $573 GAAP Gross... Read More

First Sustainability Report since becoming a fully independent company in January 2024, highlighting Nextracker’s commitment to corporate responsibility and its mission to make clean, affordable renewable energy accessible to all Report features insights from the company’s first materiality assessment, guiding the development... Read More

FREMONT, Calif. / Oct 09, 2024 / Business Wire / Nextracker (Nasdaq: NXT) will announce its second quarter fiscal 2025 financial results after the market closes on Wednesday, October 30, 2024. The company will hold a conference call to discuss the results on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Q2 FY2025 Earnings Call October 30, 2024 2:00 p.m. PT / 5:00 p.m. ET Live webcast available on... Read More

Facility aims to advance photovoltaic research and development, testing, and workforce development serving India and Middle East solar markets HYDERABAD, India / Oct 01, 2024 / Business Wire / Nextracker (Nasdaq: NXT), a leading global provider of intelligent solar trackers, foundations, and software solutions, today... Read More

Combining industry-leading solar tracker and advanced foundations technology, Nextracker delivers comprehensive solutions to optimize solar development across all soil types FREMONT, Calif. / Sep 09, 2024 / Business Wire / Nextracker (Nasdaq: NXT), a global leader in solar tracker technology, today announced NX Foundation... Read More

50% Revenue Growth YoY; Reaffirms FY25 Outlook Adds Solar Foundation Offerings with Ojjo and Solar Pile International Acquisitions FREMONT, Calif. / Aug 01, 2024 / Business Wire / Nextracker (Nasdaq: NXT), a global market leader of intelligent solar tracker and software solutions, today announced financial results for the first quarter of fiscal year 2025, ended June 28, 2024. Financial Summary (In millions, except per... Read More

FREMONT, Calif. / Jul 23, 2024 / Business Wire / Nextracker (Nasdaq: NXT) announced today that Company leaders will present at the upcoming investor conference: KeyBanc Capital Markets 25 th Annual Technology Leadership Forum Fireside Chat August 5, 2024 9:30 a.m. PT / 12:30 p.m. ET Live webcast will be available on investors.nextracker.com The webcast replay will be available on the Nextracker IR website following the... Read More

FREMONT, Calif. / Jul 11, 2024 / Business Wire / Nextracker (Nasdaq: NXT) will announce its first quarter fiscal 2025 financial results after the market closes on Thursday, August 1, 2024. The company will hold a conference call to discuss the results on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Q1 FY2025 Earnings Call August 1, 2024 2:00 p.m. PT / 5:00 p.m. ET Live webcast available on... Read More

FREMONT, Calif. / Jun 20, 2024 / 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... Read More

Growing Solar Demand in Southwest U.S. Prompts Second Factory Built in Less Than a Year LAS VEGAS / Jun 18, 2024 / 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... Read More

FREMONT, Calif. / Jun 04, 2024 / Business Wire / Nextracker (Nasdaq: NXT) announced today that Company leaders will present at the upcoming investor conference: J.P. Morgan Energy, Power & Renewables Conference Fireside Chat June 17, 2024 10:10 a.m. PT / 1:10 p.m. ET Live webcast will be available on investors.nextracker.com The webcast replay will be available on the Nextracker IR website following the conclusion of the... Read More

Achieves Record Revenue and Profits First U.S. Solar Company to Achieve 100 Gigawatts Global Shipment Milestone FREMONT, Calif. / May 14, 2024 / Business Wire / Nextracker (Nasdaq: NXT), a global market leader of intelligent solar tracker and software solutions, today announced financial results for the fourth quarter and fiscal year ended March 31, 2024. Full FY2024 Financial Highlights Revenue $2.5 billion, up 31% YoY GAAP... Read More

U.S. clean energy incentives revitalize American manufacturing at JM Steel historic manufacturing facility in Pittsburgh, achieving 4 GW of Nextracker-dedicated annualized capacity PITTSBURGH / Apr 26, 2024 / Business Wire / Nextracker (Nasdaq: NXT), a global provider of intelligent solar tracker and software solutions, and... Read More

Third-party Life Cycle Assessment (LCA) methodology confirms up to 35% reduced carbon footprint throughout the entire product lifecycle for Nextracker NX Horizon™ low carbon solution Inaugural orders demonstrate the solar industry demand for decarbonized solutions FREMONT, Calif. / Apr 23, 2024 / Business Wire / Nextracker... Read More

FREMONT, Calif. / Apr 18, 2024 / Business Wire / Nextracker (Nasdaq: NXT) will announce its fourth quarter fiscal 2024 and full-year financial results after the market closes on Tuesday, May 14, 2024. The company will hold a conference call to discuss the results on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Q4 FY2024 Earnings Call May 14, 2024 2:00 p.m. PT / 5:00 p.m. ET Live webcast available on... Read More

Current CFO, David Bennett, to become Chief Accounting Officer FREMONT, Calif. / Mar 18, 2024 / Business Wire / Nextracker (Nasdaq: NXT), a global market leader of intelligent solar tracker and software solutions, today announced the appointment of Charles “Chuck” Boynton as Chief Financial Officer (CFO), effective after he completes his tenure with his current employer, which is expected in May 2024. Nextracker’s current... Read More

The first project scheduled to receive delivery of Australian made steel components from the facility is ACCIONA Energia’s 480MWp Aldoga Solar Farm to be built near Gladstone BRISBANE, Australia / Mar 13, 2024 / Business Wire / Nextracker (Nasdaq: NXT), a global market leader of solar tracker and software solutions, and Orrcon... Read More

New Al Kahfah Solar Power Plant at 1.17 GW to play key role in Badeel and ACWA Power efforts to advance Saudi National Renewable Energy Program NX Horizon-XTR™ all-terrain solar tracker systems to deliver enhanced yield while minimizing environmental impact on project site The Al Kahfah project reinforces Nextracker’s... Read More

FREMONT, Calif. / Feb 20, 2024 / Business Wire / Nextracker (Nasdaq: NXT) announced today that Company leaders will present at the upcoming investor conferences: Bank of America 2024 Power, Utilities and Clean Energy Conference Fireside Chat March 5, 2024 7:15 a.m. PT / 10:15 a.m. ET 36 th Annual ROTH Conference Fireside Chat March 18, 2024 11:00 a.m. PT / 2:00 p.m. ET Piper Sandler 25 th Annual Energy Conference Fireside... Read More

FREMONT, Calif. / Feb 07, 2024 / Business Wire / Nextracker (Nasdaq: NXT) announced it has surpassed 600 projects delivered in its distributed generation (DG) portfolio. Driven by customers realizing significant energy gains using its NX Horizon™ solar tracker systems , Nextracker’s DG projects are deployed worldwide in... Read More

Achieves Record Revenue and Profits; Raises FY24 Guidance FREMONT, Calif. / Jan 31, 2024 / Business Wire / Nextracker (Nasdaq: NXT), one of the world’s leading providers of intelligent solar tracker and software solutions, today announced financial results for the third quarter ended December 31, 2023. Q3 FY2024 Financial Highlights: Revenue $710 million, up 38% YoY GAAP net income $128 million, diluted EPS $0.87 Adjusted... Read More

AUSTIN, Texas , Jan. 31, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced results for its third quarter ended December 31, 2023. Third Quarter Fiscal Year 2024 Highlights: Net Sales: $7.1 billion GAAP Operating Income: $348 million Adjusted Operating Income: $477 million GAAP Net Income attributable to Flex Ltd: $197 million Adjusted Net Income attributable to Flex Ltd: $309 million GAAP Earnings Per Share: $0.45... Read More

FREMONT, Calif. / Jan 08, 2024 / Business Wire / Nextracker (Nasdaq: NXT) will announce its third quarter fiscal 2024 financial results after the market closes on Wednesday, January 31, 2024. The company will hold a conference call to discuss the results on the same day at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Q3 FY2024 Earnings Call January 31, 2024 1:30 p.m. PT / 4:30 p.m. ET Live webcast available on... Read More

FREMONT, Calif. / Jan 02, 2024 / Business Wire / Nextracker Inc. (Nasdaq: NXT), a leading global provider of intelligent solar tracker and software solutions, today announced the completion of Flex Ltd.’s spin-off of all of its remaining interests in Nextracker to Flex shareholders. This, together with certain other transactions relating to the spin-off also announced by Flex today, resulted in a Nextracker ownership... Read More

Julie Blunden and Howard Wenger further strengthen Board’s expertise in global business executive management, operations and energy infrastructure FREMONT, Calif. / Jan 02, 2024 / Business Wire / Nextracker Inc. (Nasdaq: NXT), a leading global provider of intelligent solar tracker and software solutions, today announced the appointment of Julie Blunden and Howard Wenger to its Board of Directors, effective January 2, 2024.... Read More

DUBAI, United Arab Emirates / Dec 12, 2023 / Business Wire / Nextracker (Nasdaq: NXT), a leading global provider of intelligent solar tracker and software solutions , today announced it has surpassed a corporate milestone of 10 GW of smart solar trackers either operational or under fulfilment for projects located in the Middle... Read More

FREMONT, Calif. / Dec 12, 2023 / Business Wire / Nextracker (Nasdaq: NXT) announced today that Company leaders will present at the upcoming investor conference: 2024 Goldman Sachs Energy, CleanTech & Utilities Conference Fireside Chat January 5, 2024 7:00 a.m. PT / 10:00 a.m. ET Live webcast will be available on investors.nextracker.com The webcast replay will be available on the Nextracker IR website following the... Read More

FREMONT, Calif. / Dec 12, 2023 / Business Wire / Nextracker (Nasdaq: NXT) announced today that its founder and CEO Dan Shugar was named Chief Trailblazer of the Year at S&P Global’s 25 th Annual Platts Global Energy Awards. Judges selected Mr. Shugar for his leadership and contributions to industry-critical solar technology innovation supporting the global energy transition to more reliable, secure, and cleaner energy. Under... Read More

Record Revenue and Profits in Q2 and Raises FY24 Guidance FREMONT, Calif. / Oct 25, 2023 / Business Wire / Nextracker (Nasdaq: NXT), one of the world’s leading providers of intelligent solar tracker and software solutions, today announced financial results for the second quarter ended September 29, 2023. Q2 FY2024 Financial Highlights: Revenue $573 million, up 23% YoY GAAP net income $81 million, EPS $0.55 Adjusted EBITDA... Read More

Transaction Expected to Close in Fiscal Q4, Ending March 31, 2024 FREMONT, Calif. / Oct 25, 2023 / Business Wire / Nextracker (Nasdaq: NXT), one of the world’s leading providers of intelligent solar tracker and software solutions, today announced Flex Ltd.’s plan to effect a spin-off of all of its remaining interests in Nextracker Inc. to Flex shareholders (also announced by Flex in a separate press release), which would... Read More

FREMONT, Calif. / Oct 09, 2023 / Business Wire / Nextracker (Nasdaq: NXT) will announce its second quarter fiscal 2024 financial results after the market closes on Wednesday, October 25, 2023. The company will hold a conference call to discuss the results on the same day at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Q2 FY2024 Earnings Call October 25, 2023 1:30 p.m. PT / 4:30 p.m. ET Live webcast available on... Read More

Nextracker hits milestone of over 5 gigawatts (GW) of smart solar tracker systems with 80% local content for Indian utility-scale solar power generation NEW DELHI / Oct 03, 2023 / Business Wire / Nextracker (Nasdaq: NXT), a leading global provider of intelligent solar tracker and software solutions, today announced the Company... Read More

New Nextracker-dedicated solar manufacturing facility creates over 100 jobs FREMONT, Calif. / Sep 11, 2023 / Business Wire / Nextracker (Nasdaq: NXT), a global market leader of solar tracker and software solutions, and Unimacts (UNX), a leading provider of industrial manufacturing and supply chain solutions, today announced... Read More

NX Horizon Hail Pro™, NX Horizon XTR-1.5™, and Zonal Diffuse™ build upon proven solutions to tackle the biggest challenges solar EPCs and owners face FREMONT, Calif. / Sep 05, 2023 / Business Wire / Solar solutions provider Nextracker (Nasdaq: NXT) will be unveiling a suite of next-generation innovations at this year’s RE+... Read More

FREMONT, Calif. / Aug 08, 2023 / Business Wire / Nextracker Inc. (NXT), a global market leader of solar trackers and Asteelflash/USI, a high-end global electronics component manufacturer, today announced the grand opening of Asteelflash’s U.S. manufacturing line for Nextracker. Asteelflash has expanded its capability to... Read More

Agreement furthers shared commitment to advancing the U.S. supply chain, facilitating domestic manufacturing and job creation Nextracker’s innovative technology to enhance performance and resiliency of LRE’s solar portfolio DALLAS & FREMONT, Calif. / Aug 01, 2023 / Business Wire / Leeward Renewable Energy (LRE), a high-growth... Read More

Q1 2024 Revenues of $479.5 million, up 19% year-over-year FREMONT, Calif. / Jul 26, 2023 / Business Wire / Nextracker (Nasdaq: NXT), one of the world’s leading providers of intelligent solar tracker and software solutions , today announced financial results for the first quarter ended June 30, 2023. First Quarter Fiscal 2024 Financial Highlights: Revenue of $479.5 million, an increase of 19% year-over-year GAAP net income of... Read More

FREMONT, Calif. / Jul 10, 2023 / Business Wire / Nextracker (Nasdaq: NXT) will announce its first quarter fiscal 2024 financial results after the market closes on Wednesday, July 26, 2023. The company will hold a conference call to discuss the results on the same day at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). The live webcast presentation will be available on the Nextracker Investor Relations (IR) website located at... Read More

FREMONT, Calif. / Jun 30, 2023 / Business Wire / Nextracker Inc. (Nasdaq: NXT) (“Nextracker”) announced today that in connection with its previously announced underwritten offering of 14,210,511 shares of its Class A common stock (“Common Stock”) offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker, the underwriters have exercised in full their option to purchase 1,650,000... Read More

FREMONT, Calif. / Jun 28, 2023 / Business Wire / Nextracker Inc. (Nasdaq: NXT) (“Nextracker”) announced today that it priced its underwritten offering of 14,210,511 shares of its Class A common stock (“Common Stock”) offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker at an offering price of $36.50 per share. The offering is expected to close on July 3, 2023, subject to... Read More

FREMONT, Calif. / Jun 26, 2023 / Business Wire / Nextracker Inc. (Nasdaq: NXT), a global market leader in utility-scale solar trackers, announced today that it has launched a proposed underwritten offering of 14,210,511 shares of its Class A common stock (“Common Stock”) offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker. The underwriters of the offering will also have a... Read More

FREMONT, Calif. / Jun 13, 2023 / Business Wire / Nextracker (Nasdaq: NXT), one of the world's leading providers of intelligent solar tracker and software solutions , has announced members of its leadership team will participate in the upcoming investor conference: J.P. Morgan 2023 Energy, Powers and Renewables Conference Date: June 21, 2023 Presentation time: 4:40am PT / 7:40am ET The presentation will be available as a live... Read More

3-Gigawatt Volume Commitment Agreement Drives Additional Manufacturing Expansion in Memphis MEMPHIS, Tenn. / May 18, 2023 / Business Wire / Nextracker Inc. (NASDAQ:NXT), a global market leader in utility-scale solar trackers, and MSS Steel Tubes USA, a joint venture of Metalogalva and Soufer, today announced the commissioning... Read More

Demand for performance enhancing software and “light on land” trackers for extreme terrain, spurs deals across five continents FREMONT, Calif. / May 10, 2023 / Business Wire / Earlier today, Nextracker Inc. (Nasdaq: NXT), a global provider of intelligent solar tracker and software solutions, announced its first quarterly... Read More

FY 2023 Revenues of $1.9 billion, up 30% year-over-year FREMONT, Calif. / May 10, 2023 / Business Wire / Nextracker (Nasdaq: NXT), one of the world's leading providers of intelligent solar tracker and software solutions , today announced financial results for the fourth quarter and fiscal year ended March 31, 2023. Fourth Quarter Fiscal 2023 Financial Highlights Revenue of $518.4 million GAAP net income of $27.5 million... Read More

Award-winning smart solar tracker technology selected for India’s largest contiguous solar power plant NEW DELHI & HYDERABAD, India / Mar 30, 2023 / Business Wire / Nextracker , one of the world's leading providers of intelligent solar tracker and software solutions, today announced the signing of an agreement with Sterling and Wilson Renewable Energy Limited, one of the leading RE EPC and O&M solutions provider in the... Read More

FREMONT, Calif. / Mar 29, 2023 / Business Wire / Nextracker (NASDAQ: NXT) will announce its fourth quarter and fiscal 2023 financial results after the market closes on Wednesday, May 10, 2023. The company will hold a conference call to discuss the results on the same day at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time). The live webcast presentation will be available on the Nextracker Investor Relations (IR) website... Read More

Multi-year agreement will supply Strata solar power projects in Texas, Arizona, and Virginia FREMONT, Calif. / Mar 29, 2023 / Business Wire / Nextracker Inc. (Nasdaq: NXT), a leading provider of solar tracking and software solutions, has signed a multi-year volume commitment agreement with Strata Clean Energy to supply 810... Read More