Nextracker Inc (NASDAQ:NXT) provides integrated solar tracker and software solutions used in utility-scale and ground-mounted solar projects.
Insider Monkey's database of 933 hedge funds updated for the fourth quarter of 2023 shows that 33 hedge funds had stakes in Nextracker Inc (NASDAQ:NXT).
Last month Nextracker Inc (NASDAQ:NXT) posted solid Q4 results and upped its guidance. Adjusted EPS in the period came in at $0.96, beating estimates by $0.47. Revenue in the quarter jumped 38.4% year over year to $710.43 million, beating estimates by $92.94 million.
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>>> Nextracker Inc. (NXT), an energy solutions company, provides solar tracker and software solutions for utility-scale and ground-mounted distributed generation solar projects worldwide. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; NX Gemini, a two-in-portrait format tracker, which holds two rows of solar panels along the central support beam; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain. It also provides monitoring and control software solutions including TrueCapture, a solar boosting power plant, which boost plant performance by correcting for shading and diffuse light conditions; and NX Navigator, a mitigating extreme weather risk navigator which helps to maintain optimum tracker equipment health and availability. The company was founded in 2013 and is headquartered in Fremont, California. <<<
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