Equities

Nextracker Inc

NXT:NSQ

Nextracker Inc

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EnergyAlternative Energy
  • Price (USD)41.08
  • Today's Change2.23 / 5.74%
  • Shares traded947.09k
  • 1 Year change+6.15%
  • Beta--
Data delayed at least 15 minutes, as of Nov 25 2024 17:53 GMT.
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About the company

Nextracker Inc. is a provider of integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects. Its products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. Its products include NX Horizon, NX Gemini, TrueCapture, and NX Navigator. Its solutions include Bifacial PV modules, Large Format Modules, and First Solar Series 6 (FSLR6) Modules. NX Horizon is a one-in-portrait (1P) smart solar tracker system that delivers the lowest levelized cost of energy (LCOE). NX Gemini is its two-in-portrait (2P) format tracker which holds two rows of solar panels along the central support beam. TrueCapture is its flagship software offering, which is a self-adjusting tracker control system that uses machine learning to enhance solar power plant energy yield. It has operations in the United States, Brazil, Mexico, Spain, India, Australia, the Middle East and Brazil.

  • Revenue in USD (TTM)2.80bn
  • Net income in USD485.64m
  • Incorporated2022
  • Employees1.05k
  • Location
    Nextracker Inc6200 Paseo Padre PkwyFREMONT 94555United StatesUSA
  • Phone+1 (510) 270-2500
  • Fax+1 (302) 655-5049
  • Websitehttps://www.nextracker.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
NXT:NSQ since
announced
Transaction
value
Solar Pile International Pty Ltd-Foundation BusinessDeal completed31 Jul 202431 Jul 2024Deal completed-12.37%48.00m
Ojjo IncDeal completed20 Jun 202420 Jun 2024Deal completed-29.15%119.00m
Data delayed at least 15 minutes, as of Nov 25 2024 17:53 GMT.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
ESCO Technologies Inc1.03bn101.88m3.84bn3.13k37.793.1024.393.743.943.9439.7248.050.58313.172.90--5.794.577.135.6139.3538.609.928.471.319.700.089811.417.407.1810.095.638.160.00
Enpro Inc1.04bn54.10m3.87bn3.50k71.912.6525.293.722.562.5649.3869.450.41294.208.17296,971.402.160.46332.350.531141.5437.325.241.102.004.590.3057185.86-3.63-3.6361.19---1.253.86
Mirion Technologies Inc836.90m-66.30m3.90bn3.00k--2.5643.844.66-0.3291-0.32914.146.550.3152.913.78278,966.70-2.52---2.84--46.11---8.01--1.550.18380.3032--11.58--65.01------
Mueller Water Products Inc1.31bn115.90m3.93bn3.40k34.064.8621.602.990.73920.73928.385.190.83722.856.17386,676.507.385.688.706.6234.9131.968.827.112.1616.830.356943.393.066.3135.5612.89-11.364.80
MSC Industrial Direct Co Inc3.82bn258.59m4.77bn7.19k18.643.4314.171.254.584.5867.7024.901.533.289.02531,351.8010.2311.2713.7314.7141.1641.496.707.850.898816.010.266494.93-4.702.58-24.66-2.1813.944.69
Kadant Inc1.03bn114.96m4.92bn3.50k42.885.7830.594.769.779.7787.9172.520.78233.466.43333,559.008.788.4710.4910.2744.1342.9811.2210.821.4611.860.274513.715.858.61-4.0213.9913.985.68
Franklin Electric Co Inc2.01bn184.50m4.98bn6.40k27.513.9220.712.483.963.9643.0827.791.142.437.66313,838.4010.5410.2313.2812.8735.5033.919.278.831.0616.030.064622.931.059.733.1812.8413.0514.00
Timken Co4.59bn340.20m5.33bn19.60k15.821.829.181.164.804.8064.8041.830.70562.566.25234,190.405.577.117.028.7831.5229.237.899.051.625.900.420124.756.065.90-3.265.4110.773.21
Gates Industrial Corporation PLC3.44bn221.80m5.60bn14.70k26.401.8012.011.630.83290.830712.9312.210.48383.004.21234,156.503.494.424.155.2140.2337.387.229.812.113.650.40750.000.45021.305.56-0.7863-17.13--
Nextracker Inc2.80bn485.64m5.65bn1.05k9.684.479.402.024.014.0118.898.701.179.534.092,668,984.0024.7916.64----36.1320.5721.2411.071.9965.420.10230.0031.4230.4926,692.74--8.04--
Badger Meter Inc803.82m118.95m6.50bn2.14k54.8410.9943.268.094.034.0327.2420.101.083.178.81375,615.0015.9412.2619.2714.6039.5539.3814.8012.062.87--0.0036.3624.4010.1639.2527.226.7912.07
Cognex Corp881.50m89.05m6.98bn2.99k78.874.4557.757.910.51560.51565.109.140.4351.935.86294,619.304.3910.634.8011.5668.4072.9710.1022.383.03--0.0057.03-16.750.7624-47.46-13.24-9.069.03
Watts Water Technologies Inc2.26bn279.40m7.17bn5.10k25.804.2521.563.178.348.3467.4450.661.022.968.23443,000.0012.6510.0215.4412.6247.1443.6112.3710.331.5561.270.111419.793.885.614.2116.47-4.0910.97
Middleby Corp3.87bn392.42m7.65bn5.05k19.592.1314.681.987.267.2671.5766.820.5482.505.66766,763.805.566.466.317.4637.9436.6910.1411.231.706.890.4010.000.0938.19-8.174.8015.99--
Data as of Nov 25 2024. Currency figures normalised to Nextracker Inc's reporting currency: US Dollar USD

Institutional shareholders

46.67%Per cent of shares held by top holders
HolderShares% Held
BlackRock Fund Advisorsas of 30 Sep 202417.12m11.93%
The Vanguard Group, Inc.as of 30 Sep 202413.23m9.22%
Fidelity Management & Research Co. LLCas of 30 Sep 20248.33m5.81%
PRIMECAP Management Co.as of 30 Sep 20247.84m5.47%
SSgA Funds Management, Inc.as of 30 Sep 20245.07m3.54%
Geode Capital Management LLCas of 30 Sep 20243.59m2.51%
Wellington Management Co. LLPas of 30 Sep 20243.19m2.22%
Voya Investment Management Co. LLCas of 30 Sep 20243.16m2.20%
Sachem Head Capital Management LPas of 30 Sep 20242.86m1.99%
Schroder Investment Management Ltd.as of 30 Sep 20242.56m1.79%
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Data from 30 Sep 2024 - 30 Sep 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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