Nextracker Raises the Annual Forecast: High Electricity Demand, Innovation, and new Products as Growth Drivers. Q3 Results Impress.
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The stock of Nextracker (NXT) has been performing very strongly lately. This strength could very well continue. The company offers an integrated technology ecosystem for solar power plants, consisting of tracking systems (trackers), electrical components (eBOS), software solutions (TrueCapture, Navigator), and robotics. Nextracker pursues an asset-light model with high returns on capital. The products help operators maximize energy output and reduce construction costs. Major customers include EPC service providers and utility companies that develop...
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