NXT

Nextracker

Technology Solar NASDAQ

About the company

NEXTracker Inc is a global leader in providing fully integrated solar tracker and software solutions that are revolutionizing the utility-scale and ground-mounted distributed solar generation industry. With a mission to enable a more sustainable future through innovative solutions, NEXTracker's cutting-edge products have become integral components in numerous solar projects around the world. At the heart of NEXTracker's offerings are their state-of-the-art solar trackers. These advanced systems utilize the latest tracking technology to allow solar panels to dynamically follow the sun's movement across the sky. By continuously optimizing the angle and orientation of solar panels, NEXTracker's trackers enable maximum solar energy capture throughout the day, significantly improving the overall performance and energy yield of utility-scale power plants. The company's flagship product, NX Horizon, has become synonymous with superior tracking technology. It combines intelligent software algorithms and high-precision motors to accurately position solar panels for optimal sun exposure. By seamlessly adapting to various weather conditions and changes in the sun's position, NX Horizon ensures that solar panels are always oriented in the ideal direction for maximum energy production. In addition to NX Horizon, NEXTracker also offers NX Gemini, a dual-axis solar tracker that further enhances energy output by allowing panels to track the sun's movement in both horizontal and vertical axes. This groundbreaking technology opens up new possibilities for solar project design and increases energy generation potential by enabling panels to capture sunlight from various angles. However, it is not just their hardware that sets NEXTracker apart. The company has also developed an innovative software platform called TrueCapture, which maximizes energy production by continuously fine-tuning the positioning of solar panels. Leveraging advanced machine learning algorithms and real-time data, TrueCapture constantly adapts to changing site conditions, such as shading, diffuse light, and inter-row spacing, to achieve optimal performance. By harnessing the power of artificial intelligence, TrueCapture ensures that every solar panel within a plant operates at peak efficiency, maximizing energy yield and financial returns for project owners. NEXTracker's comprehensive solutions have gained significant traction in the renewable energy market, with their products being deployed in projects of all sizes and across diverse geographies. From large-scale solar farms to decentralized solar installations, NEXTracker's trackers and software enable cost-effective and sustainable energy generation. By embracing innovation and pushing the boundaries of solar tracking technology, NEXTracker has cemented its position as a market leader and a trusted partner for solar project developers, EPC companies, and investors worldwide. With a strong commitment to delivering reliable and efficient solutions, NEXTracker continues to propel the solar industry toward a brighter, cleaner, and more sustainable future.

Website: https://www.nextpower.com

Data updated: June 2, 2026

Sector comparison

We compare this company with the typical (middle) company in the same industry to show how it looks against similar businesses. This is information, not a recommendation.

Technology · 874 peers in sector

Metric NXT Sector median Vs. industry
P/E 37.77 32.63 ↑ Above average
EPS 3.84 USD -0.04 USD ↑ Above average
Dividend yield 0.00% 0.00%
Profit margin 16.46% 0.00% ↑ Above average
ROE 29.57% 0.00% ↑ Above average

Higher and lower here are only a comparison with the typical company in the industry — a higher or lower value on its own does not mean better or worse.

Financial statements & historical data

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Frequently Asked Questions

What is Nextracker?
NEXTracker Inc is a global leader in providing fully integrated solar tracker and software solutions that are revolutionizing the utility-scale and ground-mounted distributed solar generation industry. With a mission to enable a more sustainable future through innovative solutions, NEXTracker's cutting-edge products have become integral components in numerous solar projects around the world. At the heart of NEXTracker's offerings are their state-of-the-art solar trackers. These advanced systems utilize the latest tracking technology to allow solar panels to dynamically follow the sun's movement across the sky. By continuously optimizing the angle and orientation of solar panels, NEXTracker's trackers enable maximum solar energy capture throughout the day, significantly improving the overall performance and energy yield of utility-scale power plants. The company's flagship product, NX Horizon, has become synonymous with superior tracking technology. It combines intelligent software algorithms and high-precision motors to accurately position solar panels for optimal sun exposure. By seamlessly adapting to various weather conditions and changes in the sun's position, NX Horizon ensures that solar panels are always oriented in the ideal direction for maximum energy production. In addition to NX Horizon, NEXTracker also offers NX Gemini, a dual-axis solar tracker that further enhances energy output by allowing panels to track the sun's movement in both horizontal and vertical axes. This groundbreaking technology opens up new possibilities for solar project design and increases energy generation potential by enabling panels to capture sunlight from various angles. However, it is not just their hardware that sets NEXTracker apart. The company has also developed an innovative software platform called TrueCapture, which maximizes energy production by continuously fine-tuning the positioning of solar panels. Leveraging advanced machine learning algorithms and real-time data, TrueCapture constantly adapts to changing site conditions, such as shading, diffuse light, and inter-row spacing, to achieve optimal performance. By harnessing the power of artificial intelligence, TrueCapture ensures that every solar panel within a plant operates at peak efficiency, maximizing energy yield and financial returns for project owners. NEXTracker's comprehensive solutions have gained significant traction in the renewable energy market, with their products being deployed in projects of all sizes and across diverse geographies. From large-scale solar farms to decentralized solar installations, NEXTracker's trackers and software enable cost-effective and sustainable energy generation. By embracing innovation and pushing the boundaries of solar tracking technology, NEXTracker has cemented its position as a market leader and a trusted partner for solar project developers, EPC companies, and investors worldwide. With a strong commitment to delivering reliable and efficient solutions, NEXTracker continues to propel the solar industry toward a brighter, cleaner, and more sustainable future.
Are Nextracker shares expensive?
The price-to-earnings (P/E) ratio of Nextracker is 37.77 — the share price is 37.77 times the annual profit per share. That is higher than the typical company in the same industry (industry median: 32.63). This is information, not a recommendation. (as of 2026-06-02)
How big is Nextracker?
The market capitalization of Nextracker — the combined value of all its shares — is 22.07 B USD. The higher the market cap, the larger the company. (as of 2026-06-02)
Does Nextracker pay dividends?
The dividend yield of Nextracker is 0.00% — it shows the annual dividend relative to the share price. This is information, not a recommendation. (as of 2026-06-02)
What sector does Nextracker belong to?
Nextracker operates in the Technology sector, industry: Solar.

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