Nextracker Inc (NXT) Receives Buy Rating from Deutsche Bank
Deutsche Bank initiates coverage on Nextracker Inc (NXT) with a Buy rating.
Nextracker, Inc. engages in the provision of integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects. The company is headquartered in Fremont, California and currently employs 1,300 full-time employees. The company went IPO on 2023-02-09. The firm's advanced technology enables solar power plants to follow the sun’s movement across the sky and optimize performance. With systems operating in more than 40 countries worldwide, it offers solutions that accelerate solar power plant construction, increase energy output, and enhance long-term reliability. The firm's products & services include Solar Trackers, Foundations, eBOS, Software & Controls, NX Global Services and PowerworX. The firm's solutions include agrivoltaics, module compatibility, mitigate extreme weather risk, challenging terrain and intelligent monitoring. Its artificial intelligence (AI) and robotics business includes SenseHawk IP and Amir Robotics. The company is also engaged in the solar panel frame market, specializing in roll-formed steel frame technology.
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Last Updated: Nov 20, 2025, 11:12 PM · Source: Finnhub.io