Articles from Nextracker
Nextracker Reports Q3 FY25 Financial Results
Nextracker (Nasdaq: NXT), a global market leader of intelligent solar trackers, foundations, and software solutions, today announced financial results for the third quarter of fiscal year 2025, ended December 31, 2024.
By Nextracker · Via Business Wire · January 28, 2025
Nextracker and University of California Berkeley Engineering Partner to Establish the CALNEXT Center for Solar Energy Research
Nextracker (Nasdaq: NXT) and the University of California Berkeley Engineering (UC Berkeley) announce a strategic partnership aimed at advancing solar power plant technology to meet rising global energy demand. The collaboration will establish the CALNEXT Center for Solar Energy Research that will drive a leading-edge research program and a planned state-of-the-art solar test field. Nextracker has contributed a $6.5 million gift to support the initiative, which is already soliciting and receiving research proposals from UC Berkeley Engineering faculty and graduate students.
By Nextracker · Via Business Wire · January 15, 2025
Nextracker to Announce Third Quarter Fiscal 2025 Financial Results on January 28, 2025
Nextracker (Nasdaq: NXT) will announce its third quarter fiscal 2025 financial results after the market closes on Tuesday, January 28, 2025. 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).
By Nextracker · Via Business Wire · January 6, 2025
Nextracker to Present at the Goldman Sachs Energy, CleanTech & Utilities Conference
Nextracker (Nasdaq: NXT) announced today that Dan Shugar, Founder and CEO, will participate in a fireside chat at the Goldman Sachs Energy, CleanTech & Utilities Conference. The session is scheduled for 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on Tuesday, January 7, 2025.
By Nextracker · Via Business Wire · December 23, 2024
Nextracker Delivers First 100% Domestic Content Solar Trackers to U.S. Market
Nextracker (Nasdaq: NXT), a global leader in solar tracker technology, today announced it has shipped and delivered the industry’s first U.S.-manufactured solar trackers in the United States which are expected to achieve 100% domestic content value for solar trackers under the Inflation Reduction Act (IRA).1 The first project to receive these domestic content trackers is SB Energy’s Pelican’s Jaw project. The 570 MW solar and 954 MWh storage project is currently under construction by SOLV Energy. This supply chain localization milestone reaffirms Nextracker’s industry leadership and commitment to American manufacturing and jobs, while providing operational excellence for customers and partners.
By Nextracker · Via Business Wire · December 10, 2024
Nextracker Reports Q2 FY25 Financial Results
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.
By Nextracker · Via Business Wire · October 30, 2024
Nextracker Releases Inaugural Sustainability Report
Nextracker (Nasdaq: NXT) today released its inaugural Sustainability Report for 2024. This report outlines Nextracker's progress in building a comprehensive ESG program and strategy. The report also reflects the Company’s commitment to sustainability, highlighting key milestones such as the completion of its first materiality assessment.
By Nextracker · Via Business Wire · October 29, 2024
Nextracker to Announce Second Quarter Fiscal 2025 Financial Results on October 30, 2024
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).
By Nextracker · Via Business Wire · October 9, 2024
Nextracker to Inaugurate India’s R&D Center for Solar Excellence in Hyderabad
Nextracker (Nasdaq: NXT), a leading global provider of intelligent solar trackers, foundations, and software solutions, today inaugurated India’s first Center for Solar Excellence (CFSE) in Hyderabad, India. Spanning across 13 acres this state-of-the-art facility will serve to advance solar tracker technology, further accelerating the region’s energy transition.
By Nextracker · Via Business Wire · October 1, 2024
Nextracker Unveils NX Foundation Solutions Enabling Solar “Anywhere”
Nextracker (Nasdaq: NXT), a global leader in solar tracker technology, today announced NX Foundation Solutions which includes the introduction of NX Anchor™— a solar tracker foundation system designed to optimize ground-mount solar project development across a wide range of soil conditions. NX Anchor further expands Nextracker’s solar foundations portfolio following the company’s acquisitions of leading-edge foundation company Ojjo in June and Solar Pile International’s foundations business in July. NX Foundation Solutions enable quicker, safer, and more efficient solar project development on a wide range of soil types for EPC and developer customers.
By Nextracker · Via Business Wire · September 9, 2024
Nextracker Reports Q1 FY25 Financial Results
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.
By Nextracker · Via Business Wire · August 1, 2024
Nextracker to Present at the KeyBanc Capital Markets Technology Leadership Forum
Nextracker (Nasdaq: NXT) announced today that Company leaders will present at the upcoming investor conference:
By Nextracker · Via Business Wire · July 23, 2024
Nextracker to Announce First Quarter Fiscal 2025 Results on August 1, 2024
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).
By Nextracker · Via Business Wire · July 11, 2024
Nextracker Acquires Ojjo to Expand Utility-Scale Solar Tracker Foundations Business
Nextracker (NASDAQNXT), 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. Combining Nextracker’s industry-leading smart solar tracker system with Ojjo’s foundation technology will enable engineering procurement construction companies (EPCs) and solar power plant developers to benefit from a more complete, integrated solution for various soil conditions when developing, designing, and installing their projects.
By Nextracker · Via Business Wire · June 20, 2024
Nextracker and Unimacts Dedicate Second Nevada Factory to Serve Solar Power Demand
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.
By Nextracker · Via Business Wire · June 18, 2024
Nextracker to Present at the J.P. Morgan Energy, Power & Renewables Conference
Nextracker (Nasdaq: NXT) announced today that Company leaders will present at the upcoming investor conference:
By Nextracker · Via Business Wire · June 4, 2024
Nextracker Reports Q4 and FY24 Financial Results
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.
By Nextracker · Via Business Wire · May 14, 2024
Nextracker and JENNMAR Subsidiary JM Steel Bolster U.S. Supply Chain with New Facility Expansion to Triple Capacity for Solar Energy Projects
Nextracker (Nasdaq: NXT), a global provider of intelligent solar tracker and software solutions, and JENNMAR Holdings ("JENNMAR”) subsidiary JM Steel, a premier steel processing provider, jointly announced the completion of a major expansion of Nextracker-dedicated manufacturing lines at JM Steel’s Leetsdale steel facility achieving 4 GW of capacity.
By Nextracker · Via Business Wire · April 26, 2024
Nextracker Launches Industry’s First Low Carbon Solar Tracker Solution
Nextracker (Nasdaq: NXT), a global provider of intelligent solar tracker and software solutions, today announced the availability of its flagship NX Horizon™ solar tracker system with up to 35% lower carbon footprint. Marking a significant milestone for solar energy, the NX Horizon low carbon tracker solution culminates Nextracker’s technology leadership and robust supply chain solutions including the use of electric arc furnace (EAF) manufacturing, recycled steel, and logistics strategically located near project sites.
By Nextracker · Via Business Wire · April 23, 2024
Nextracker to Announce Fourth Quarter Fiscal 2024 and Full-Year Results on May 14, 2024
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).
By Nextracker · Via Business Wire · April 18, 2024
Nextracker Announces Chuck Boynton as New Chief Financial Officer
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 CFO, David Bennett, will continue to serve in this role until transitioning to Chief Accounting Officer (CAO) once Mr. Boynton joins the company.
By Nextracker · Via Business Wire · March 18, 2024
Nextracker and Orrcon Steel to Deliver Sovereign Capability in Australia
Nextracker (Nasdaq: NXT), a global market leader of solar tracker and software solutions, and Orrcon Steel, a leading Australian manufacturer of tube and pipe, and distributor of steel products and wholly owned business of BlueScope Steel (ASX:BSL), announced an agreement today to manufacture and deliver Australian made critical components for Nextracker’s smart solar tracker used on distributed generation and utility-scale solar farms. 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.
By Nextracker · Via Business Wire · March 13, 2024
ACWA Power and Larsen & Toubro Select Nextracker’s All-Terrain Solar Trackers for Al Kahfah Solar Park
Nextracker (Nasdaq: NXT), a leading global provider of intelligent solar tracker and software solutions, announced it was selected by ACWA Power and Larsen & Toubro Limited (L&T) to provide its all-terrain tracker NX Horizon-XTR™ for a 1.17 GW installation at Al Kahfah Solar Power Plant, a strategically important renewable energy project in Saudi’s Central Province that is part of the National Renewable Energy Program.
By Nextracker · Via Business Wire · February 21, 2024
Nextracker to Present at Upcoming Investor Conferences
Nextracker (Nasdaq: NXT) announced today that Company leaders will present at the upcoming investor conferences:
By Nextracker · Via Business Wire · February 20, 2024
Nextracker Accelerates in Distributed Generation (DG) Solar with Two New Strategic Value-Added Reseller Partners and Over 600 DG Projects Delivered
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 commercial and industrial applications, including data centers, farming, retail, education, and manufacturing verticals.
By Nextracker · Via Business Wire · February 7, 2024
Nextracker Reports Q3 FY24 Financial Results
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.
By Nextracker · Via Business Wire · January 31, 2024
Nextracker to Announce Third Quarter Fiscal 2024 Results on January 31, 2024
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).
By Nextracker · Via Business Wire · January 8, 2024
Nextracker Announces Completion of Its Separation from Flex
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 separation from Flex.
By Nextracker · Via Business Wire · January 2, 2024
Nextracker Appoints Two New Members to Board of Directors
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. Blunden is an accomplished executive leader and strategic advisor currently serving on the Board of four organizations in the energy sector. Wenger is a solar industry pioneer and has served as president of Nextracker since February 2022 with former roles as president and Board member for Solaria Corporation, president and CEO of SunPower Corporation Systems, and EVP and Board member for PowerLight Corporation.
By Nextracker · Via Business Wire · January 2, 2024
Nextracker Achieves 10-Gigawatt Milestone in Middle East, Africa, and India Solar Power Markets
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 East, Africa, and India. In parallel timing with the United Nations COP28 Climate Change conference held in Dubai over the last two weeks, this milestone was achieved this month after securing significant orders in the region.
By Nextracker · Via Business Wire · December 12, 2023
Nextracker to Present at the Goldman Sachs Energy, CleanTech & Utilities Conference
Nextracker (Nasdaq: NXT) announced today that Company leaders will present at the upcoming investor conference:
By Nextracker · Via Business Wire · December 12, 2023
Nextracker CEO Dan Shugar Named S&P Global’s ‘Chief Trailblazer of the Year’ at the 25th Annual Platts Global Energy Awards
Nextracker (Nasdaq: NXT) announced today that its founder and CEO Dan Shugar was named Chief Trailblazer of the Year at S&P Global’s 25th 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.
By Nextracker · Via Business Wire · December 12, 2023
Nextracker Announces Plan to Separate from Flex
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 result in a separation by Flex from its ownership in Nextracker.
By Nextracker · Via Business Wire · October 25, 2023
Nextracker Reports Q2 FY24 Financial Results
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.
By Nextracker · Via Business Wire · October 25, 2023
Nextracker to Announce Second Quarter Fiscal 2024 Results on October 25, 2023
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).
By Nextracker · Via Business Wire · October 9, 2023
Nextracker India Achieves 10 GW Annual Domestic Manufacturing Capacity to Serve India’s Rapidly Expanding Solar Power Market
Nextracker (Nasdaq: NXT), a leading global provider of intelligent solar tracker and software solutions, today announced the Company now has contracted for 10 GW per annum of local India manufacturing capacity. This is in line with the company’s focus to provide advanced locally sourced solar tracker technology solutions that optimize power generation as India steps up the construction of new solar parks.
By Nextracker · Via Business Wire · October 3, 2023
Nextracker Opens New U.S. Factory with Dedicated Capacity in Las Vegas with Unimacts
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 the grand opening of a Nextracker-dedicated manufacturing facility in Las Vegas. The new facility, owned and operated by Unimacts, will produce critical steel components exclusively for Nextracker used in ground-mount solar power generation plants to primarily serve projects in Nevada and southwestern states. This is Nextracker's sixth public dedication of a new manufacturing facility since 2022 and the 15th facility the Company opened or expanded with key suppliers in the U.S. in that time.
By Nextracker · Via Business Wire · September 11, 2023
Nextracker Unveils Next Generation Tech Suite to Address Hail, Undulating Terrain, and Rapidly Changing Atmospheric Conditions
Solar solutions provider Nextracker (Nasdaq: NXT) will be unveiling a suite of next-generation innovations at this year’s RE+ 2023 in Las Vegas, the largest U.S. solar tradeshow. Each of these releases builds upon proven technology that has been delivered to utility scale solar power plants for three or more years. The product suite combines hardware, smart software, and process innovations to deliver value to owners and EPCs.
By Nextracker · Via Business Wire · September 5, 2023
Nextracker and Asteelflash/USI Open New Electronics Manufacturing Line for U.S. Solar Power Plants
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 include dedicated production of Nextracker’s patented self-powered controller (SPC) and high voltage power supply. Key components of the Nextracker controller include printed circuit board assembly (PCBA), battery integration, and other essential components used in the company’s solar tracking technology deployed globally.
By Nextracker · Via Business Wire · August 8, 2023
Nextracker Reports First Quarter Fiscal Year 2024 Financial Results
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.
By Nextracker · Via Business Wire · July 26, 2023
Nextracker Announces Date for First Quarter Fiscal 2024 Earnings Call
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).
By Nextracker · Via Business Wire · July 10, 2023
Nextracker Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares in Offering of Class A Common Stock
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 additional shares of Common Stock from Nextracker and such selling stockholders at the offering price of $36.50 per share, less underwriting discounts and commissions. The offering is expected to close on July 3, 2023, subject to customary closing conditions.
By Nextracker · Via Business Wire · June 30, 2023
Nextracker Announces Pricing of Offering of Class A Common Stock
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 customary closing conditions. In addition, the underwriters of the offering have been granted a 30-day option to purchase up to 1,650,000 additional shares of Common Stock at the offering price from Nextracker and such selling stockholders, less underwriting discounts and commissions.
By Nextracker · Via Business Wire · June 28, 2023
Nextracker Announces Launch of Offering of Class A Common Stock
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 30-day option to purchase up to 1,650,000 additional shares of Common Stock from Nextracker and such selling stockholders. On June 23, 2023, the last reported sale price of Nextracker’s Common Stock on the Nasdaq Global Select Market was $38.63 per share. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
By Nextracker · Via Business Wire · June 26, 2023
Nextracker to Participate in Upcoming Investor Conference
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:
By Nextracker · Via Business Wire · June 13, 2023
Dedicated Nextracker Manufacturing Line at New MSS Steel Factory to Bring New Jobs and Millions of Dollars in Investment to Tennessee Valley Region
Nextracker Inc. (NASDAQNXT), 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 of a new Tennessee factory to manufacture low-carbon steel components for Nextracker’s solar tracking systems. The Memphis-based facility will manufacture Nextracker steel torque tubes, creating 129 jobs and generating millions of dollars in local economic investment.
By Nextracker · Via Business Wire · May 18, 2023
Nextracker Maintains Strong Global Momentum in FY23 Q4
Earlier today, Nextracker Inc. (Nasdaq: NXT), a global provider of intelligent solar tracker and software solutions, announced its first quarterly earnings as a public company. The fiscal Q4 earnings announcement underscores the significant and continued market demand for Nextracker’s solar solutions.
By Nextracker · Via Business Wire · May 10, 2023
Nextracker Reports Fourth Quarter and Fiscal Year 2023 Financial Results
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.
By Nextracker · Via Business Wire · May 10, 2023
Nextracker Expands Board, Adding Two Directors
Nextracker (Nasdaq: NXT), one of the world's leading providers of intelligent solar tracker and software solutions, today announced that the size of the company’s Board of Directors has been increased from eleven to thirteen members, adding two new directors: Brandi Thomas and Kyra Whitten. Both new members joined the Board effective April 25, 2023.
By Nextracker · Via Business Wire · April 25, 2023
Sterling and Wilson Renewable Energy Limited Selects Nextracker Technology for NTPC REL’s Khavda 1.255GW (AC)/1.568-Gigawatt (DC) Power Plant
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 world, to deliver its award-winning solar trackers to NTPC Renewable Energy Limited's 1.255GW Solar PV Project in Khavda RE Park, Gujarat. Sterling and Wilson Renewable Energy Limited is implementing this 1.568 GWp Solar PV project in NTPC REL’s Khavda RE Park, Gujarat, using Nextracker's optimized bifacial solar tracker for additional energy gain.
By Nextracker · Via Business Wire · March 30, 2023
Nextracker Announces Date for Fourth Quarter and Fiscal 2023 Earnings Call
Nextracker (NASDAQNXT) 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).
By Nextracker · Via Business Wire · March 29, 2023