Pivotal-Point Tracking Nextracker (NXT): AI-optimized solar systems drive 34% revenue growth and $5 billion backlog!

Nextracker (operating as Nextpower) produces intelligent solar tracking systems that align solar modules precisely according to the position of the sun. On January 28, outstanding numbers for Q3 triggered a strong stock market reaction. The company significantly exceeded expectations with a revenue of $909 million (+34% year-over-year) and an adjusted profit of $1.10 per share. A backlog of over $5 billion, along with the upward revision of the annual forecast to up to $3.5 billion, underscores its dominant position in global large-scale renewable...