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Upturn AI SWOT - About
Nextracker Inc. Class A Common Stock (NXT)
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Upturn Advisory Summary
07/14/2025: NXT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
30 Analysts rated it
Highly popular stock, broad analyst coverage, trusted insights, strong investor interest.
1 Year Target Price $61.06
1 Year Target Price $61.06
| 16 | Strong Buy |
| 8 | Buy |
| 6 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -40.66% | Avg. Invested days 27 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 07/14/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 9.36B USD | Price to earnings Ratio 17.78 | 1Y Target Price 61.06 |
Price to earnings Ratio 17.78 | 1Y Target Price 61.06 | ||
Volume (30-day avg) 30 | Beta 2.4 | 52 Weeks Range 30.93 - 67.87 | Updated Date 07/14/2025 |
52 Weeks Range 30.93 - 67.87 | Updated Date 07/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 3.47 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 17.21% | Operating Margin (TTM) 20.62% |
Management Effectiveness
Return on Assets (TTM) 13.99% | Return on Equity (TTM) 39.48% |
Valuation
Trailing PE 17.78 | Forward PE 16.03 | Enterprise Value 8690858935 | Price to Sales(TTM) 3.16 |
Enterprise Value 8690858935 | Price to Sales(TTM) 3.16 | ||
Enterprise Value to Revenue 2.94 | Enterprise Value to EBITDA 12.88 | Shares Outstanding 147832992 | Shares Floating 145216712 |
Shares Outstanding 147832992 | Shares Floating 145216712 | ||
Percent Insiders 0.48 | Percent Institutions 105.84 |
Upturn AI SWOT
Nextracker Inc. Class A Common Stock
Company Overview
History and Background
Nextracker Inc. was founded in 2013 and acquired by Flex in 2015. In 2023, Nextracker became an independent publicly traded company again via IPO, focusing on solar tracker systems.
Core Business Areas
- NX Tracker Systems: Design, manufacturing, and installation of single-axis solar trackers, optimizing solar panel positioning to maximize energy capture.
- Software and Services: Providing advanced software solutions for site optimization, energy forecasting, and operational monitoring, along with installation and maintenance services.
Leadership and Structure
Dan Shugar is the CEO. The organizational structure includes departments for engineering, manufacturing, sales, and finance. The company is headquartered in Fremont, California.
Top Products and Market Share
Key Offerings
- NX Horizon: A flagship single-axis tracker system designed to increase energy production in utility-scale solar projects. Nextracker holds a significant market share, estimated at around 40%. Competitors include Array Technologies and PV Hardware.
- TrueCapture: Software platform optimizing tracker angles based on site conditions and weather patterns. Generates revenue through subscriptions and licenses. Competitors include TrinaTracker's smart control system and Arctech's intelligent tracking solutions.
Market Dynamics
Industry Overview
The solar tracker industry is experiencing rapid growth, driven by increasing demand for renewable energy and decreasing solar energy costs. Technological advancements and government incentives are also key drivers.
Positioning
Nextracker is a market leader in the solar tracker industry, known for its advanced technology, global presence, and established relationships with solar project developers and EPC companies. It holds one of the largest market shares.
Total Addressable Market (TAM)
The estimated TAM for solar trackers is projected to reach tens of billions of dollars by the late 2020s. Nextracker is positioned to capture a significant portion of this TAM with its leading technology and market presence.
Upturn SWOT Analysis
Strengths
- Market Leadership
- Advanced Technology
- Global Presence
- Strong Customer Relationships
- Scalable Manufacturing
Weaknesses
- Reliance on Solar Industry Growth
- Competition from Lower-Cost Alternatives
- Exposure to Commodity Price Fluctuations
- Supply Chain Vulnerabilities
Opportunities
- Expanding into Emerging Markets
- Developing New Tracker Technologies
- Offering Integrated Energy Solutions
- Leveraging Data Analytics for Optimization
- Expanding into Adjacent Markets like Energy Storage
Threats
- Increased Competition
- Changes in Government Policies
- Economic Downturns
- Technological Disruptions
- Supply Chain Disruptions
Competitors and Market Share
Key Competitors
- ARRY
- PVH.MC
- ATI
Competitive Landscape
Nextracker competes primarily on technology, reliability, and global reach. It has a strong brand and established relationships with key customers, giving it an edge over smaller competitors. ARRY and PVH offer comparable products, but Nextracker maintains the largest market share.
Major Acquisitions
STI Norland
- Year: 2024
- Acquisition Price (USD millions): 571
- Strategic Rationale: Expand global reach and product portfolio. STI Norland is headquartered in Spain.
Growth Trajectory and Initiatives
Historical Growth: The company has experienced rapid growth in recent years due to the increasing demand for solar energy.
Future Projections: Analysts project continued revenue and earnings growth for Nextracker, driven by the expansion of the global solar market. Growth will depend on increased global demand and maintaining its high market share.
Recent Initiatives: Recent initiatives include expanding manufacturing capacity, launching new tracker technologies, and developing partnerships with solar project developers.
Summary
Nextracker is a strong market leader in the growing solar tracker industry, supported by advanced technology and a global presence. The company's recent IPO provides it with a solid financial foundation. However, Nextracker faces increasing competition and is susceptible to solar market fluctuations and potential supply chain issues. Management must continue innovating to maintain market leadership and diversify its business model for long-term success.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports (e.g., Wood Mackenzie, BNEF)
- Analyst Reports (e.g., Goldman Sachs, Morgan Stanley)
- Company Website
- Third-party market research data
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market conditions and company performance can change rapidly. Verify all data before making investment decisions. Market share percentages are estimates and may vary based on the source.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Nextracker Inc. Class A Common Stock
Exchange NASDAQ | Headquaters Fremont, CA, United States | ||
IPO Launch date 2023-02-09 | Co-Founder, CEO & Director Mr. Daniel S. Shugar | ||
Sector Technology | Industry Solar | Full time employees 1300 | Website https://www.nextracker.com |
Full time employees 1300 | Website https://www.nextracker.com | ||
Nextracker Inc. provides solar tracker technologies and solutions for utility-scale and distributed generation solar applications in the United States and internationally. The company offers tracking solutions, including NX Horizon, a solar tracking solution; NX Horizon-XTR, a terrain-following tracker to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain; NX Horizon Hail Pro adds automatic stowing using weather service information; and NX Horizon Low Carbon, a solar tracker solution with a reduced carbon footprint. It also provides TrueCapture, an energy yield management system that addresses power production shortfalls; NX Anchor, a solar tracker foundation system to facilitate solar project development in challenging soil conditions; NX Truss Driver, an advanced installation equipment; and NX Navigator, which assists solar power plant owners and operators in monitoring, controlling, and protecting their solar projects. The company serves engineering, procurement, and construction firms, as well as solar project developers and owners. Nextracker Inc. was founded in 2013 and is headquartered in Fremont, California.
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