Second annual report highlights progress on ESG disclosure frameworks and the company's ongoing commitment to transparency and accountability Nextracker (NASDAQ:NXT), a leading solar technology platform provider, today published its fiscal year 2025 Sustainability Report, highlighting significant progress in advancing the company's environmental, social, and governance (ESG) initiatives across its global operations. This second annual publication reinforces the company's commitment to building a more sustainable, inclusive, and transparent energy industry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250818698572/en/Second a

NX Horizon-XTR™ solar tracking and TrueCapture® yield management and control system selected for performance and reliability in high-wind, terrain-challenged sites Nextracker (NASDAQ:NXT), a leading solar technology platform provider, announced today it has been selected by Casa dos Ventos, one of Brazil's largest renewable energy companies, to supply 1.5 gigawatts (GW) of its NX Horizon-XTR all-terrain solar tracker and NX Horizon™ solar tracker systems for a portfolio of four new solar and solar-and-wind hybrid utility-scale solar projects in Brazil. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250812081122/en/Casa dos Ven

Q1 FY26 Revenues of $864 Million, Up 20% Year-over-Year Announces Portfolio of Advanced Robotics and AI Acquisitions Nextracker (NASDAQ:NXT), a leading solar technology platform provider, today announced financial results for the first quarter of fiscal year 2026, ended June 27, 2025. Financial Summary (In millions, except per share)     Q1 FY26 Q4 FY25 Q1 FY25 Revenue $864 $924 $720 GAAP Gross Profit $282 $306 $237 GAAP Gross Margin 32.6 % 33.1 % 33.0 % GAAP Net Income $157 $158 $125 GAAP Net Income Margin 18.2 % 17.1 %

AI-enabled products expand Nextracker's technology platform Nextracker (NASDAQ:NXT), a leading solar technology platform provider, today announced the launch of a new AI and robotics business initiative, anchored by the appointment of its first chief AI and robotics officer and a series of strategic technology acquisitions. Over the past four quarters, the company has invested over $40 million to acquire three AI and robotics technologies. These acquisitions strengthen Nextracker's end-to-end digital platform and enhance solar power plant deployment, quality, reliability, and long-term return on investment (ROI) for asset owners. This press release features multimedia. View the full rele

Nextracker (NASDAQ:NXT) will announce its first quarter fiscal 2026 financial results after the market closes on Tuesday, July 29, 2025. The company will hold a conference call to discuss the results on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Q1 FY2026 Earnings Call July 29, 2025 2:00 p.m. PT / 5:00 p.m. ET Live webcast available on investors.nextracker.com The webcast replay, along with supporting materials, will be available on the Nextracker IR website following the conclusion of the event. About Nextracker Nextracker innovates and delivers the global leading solar power technology platform with integrated tracker, electrical solutions, and yield optimiza

One of Europe's largest solar projects, and the largest in Greece, advances the region's energy transition and further expands Nextracker's global footprint and market leadership Nextracker (NASDAQ:NXT), a global leader in advanced solar energy solutions, today announced that its NX Horizon™ solar trackers will power one of Europe's largest solar projects, the 550 MW "Oricheio PPC Ptolemaida" solar PV park in Western Macedonia. Owned by Greek PPC Renewables (PPCR), a wholly owned subsidiary of utility PPC Group, the project was constructed by engineering procurement and construction (EPC) company Terna SA by repurposing the land of a former coal mine with high-performance solar energy inf

Strengthens Board's Expertise in Energy Policy, Corporate Governance, and Strategic Growth Nextracker (NASDAQ:NXT), a global leader in advanced solar energy solutions, announced it has appointed Monica Karuturi, Mark Menezes, and Jeffrey Guldner to its Board of Directors. "With the energy sector continuing to evolve, Monica Karuturi, Mark Menezes, and Jeffrey Guldner joining our Board brings extensive depth in policy, regulation, corporate governance, and electric utilities," said Dan Shugar, founder and CEO of Nextracker. "Their leadership across public policy, legal strategy, and energy infrastructure will also be instrumental as we continue to scale our global business and evolve as

Company expands operations in India with new office and R&D facility to address rapid solar growth in the market Nextracker (NASDAQ:NXT), a global leader in advanced solar energy solutions, today announced that it has surpassed 10 gigawatts (GW) of solar tracker deployments in India—a major milestone reinforcing its market leadership and the country's accelerating solar adoption. In response to this growth, Nextracker is expanding its footprint with a new 80,000 sq. ft. office and research and development (R&D) facility in Hyderabad, reinforcing its long-term commitment serving customers throughout the region and India's clean energy future. This press release features multimedia. View t

Acquisition of Bentek Corporation adds electrical balance of system (eBOS) suite of products to core solar tracker platform Nextracker (NASDAQ:NXT), a leading solar technology platform provider, today announced it has acquired U.S.-based Bentek Corporation, an industry pioneer and manufacturer of electrical infrastructure used in all types of solar power plants. The all-cash transaction of approximately $78 million including future contingent earnout consideration combines Bentek's engineered, pre-assembled eBOS solutions with Nextracker's world class solar tracker platform, providing customers streamlined procurement and project logistics from a single source. The eBOS products will be of

Record Q4 FY25 Revenue of $924 Million, a 26% Increase Year-over-Year Launches Electrical Balance of Systems (eBOS) Business With Acquisition of Bentek Nextracker (NASDAQ:NXT), a leading solar technology platform provider, today announced financial results for the fourth quarter and full year results for fiscal year 2025, ended March 31, 2025. Financial Summary (In millions, except per share)     Q4 FY25 Q3 FY25 Q4 FY24 Revenue $924 $679 $737 GAAP Gross Profit $306 $241 $340 GAAP Gross Margin 33.1% 35.5% 46.2% GAAP Net Income $158 $117 $223 GAAP Net Income Margin 17.1% 17.3% 30

Guggenheim upgraded Nextracker from Neutral to Buy and set a new price target of $74.00

Northland Capital downgraded Nextracker from Outperform to Market Perform

TD Cowen reiterated coverage of Nextracker with a rating of Hold and set a new price target of $65.00 from $55.00 previously

Mizuho downgraded Nextracker from Outperform to Neutral and set a new price target of $65.00

Fox Advisors downgraded Nextracker from Overweight to Equal Weight

TD Cowen reiterated coverage of Nextracker with a rating of Hold and set a new price target of $55.00 from $47.00 previously

Guggenheim downgraded Nextracker from Buy to Neutral

RBC Capital Mkts initiated coverage of Nextracker with a rating of Outperform and set a new price target of $55.00

Jefferies upgraded Nextracker from Hold to Buy and set a new price target of $56.00

Barclays upgraded Nextracker from Equal Weight to Overweight and set a new price target of $60.00 from $47.00 previously

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AI-enabled products expand Nextracker's technology platform Nextracker (NASDAQ:NXT), a leading solar technology platform provider, today announced the launch of a new AI and robotics business initiative, anchored by the appointment of its first chief AI and robotics officer and a series of strategic technology acquisitions. Over the past four quarters, the company has invested over $40 million to acquire three AI and robotics technologies. These acquisitions strengthen Nextracker's end-to-end digital platform and enhance solar power plant deployment, quality, reliability, and long-term return on investment (ROI) for asset owners. This press release features multimedia. View the full rele

Paul Lundstrom Brings Wealth of Knowledge in Finance, Manufacturing, and Business Transformation Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products for cloud, networking and industrial applications, today announced the appointment of Paul Lundstrom to the company's Board of Directors, effective immediately. This election expands the membership to nine members, eight of whom are independent. "I am excited to welcome Paul to the Lumentum Board," said Penelope Herscher, Chair of Lumentum's Board of Directors. "He brings a wealth of knowledge and expertise in corporate finance, manufacturing and business transformation

Copeland, a global provider of sustainable climate solutions and leader in the HVAC, Refrigeration (HVACR) and industrial compression industry, has announced that Paul Lundstrom will join the company in August as Chief Financial Officer (CFO). Copeland is a standalone company and a portfolio company of Blackstone, the world's largest alternative asset manager, within its Capital Partners Fund XIII. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724421467/en/Paul Lundstrom, Copeland's new Chief Financial Officer (Photo: Copeland) "Paul is an excellent addition to the executive team of Copeland, as he brings with him extensive

NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S

Current CFO, David Bennett, to become Chief Accounting Officer Nextracker (NASDAQ:NXT), a global market leader of intelligent solar tracker and software solutions, today announced the appointment of Charles "Chuck" Boynton as Chief Financial Officer (CFO), effective after he completes his tenure with his current employer, which is expected in May 2024. Nextracker's current CFO, David Bennett, will continue to serve in this role until transitioning to Chief Accounting Officer (CAO) once Mr. Boynton joins the company. Mr. Boynton has more than 30 years of finance and accounting experience, as well as significant experience in the solar industry. Mr. Boynton will lead Nextracker's global f

Julie Blunden and Howard Wenger further strengthen Board's expertise in global business executive management, operations and energy infrastructure Nextracker Inc. (NASDAQ:NXT), a leading global provider of intelligent solar tracker and software solutions, today announced the appointment of Julie Blunden and Howard Wenger to its Board of Directors, effective January 2, 2024. Blunden is an accomplished executive leader and strategic advisor currently serving on the Board of four organizations in the energy sector. Wenger is a solar industry pioneer and has served as president of Nextracker since February 2022 with former roles as president and Board member for Solaria Corporation, president

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Nextracker (NASDAQ:NXT) will announce its first quarter fiscal 2026 financial results after the market closes on Tuesday, July 29, 2025. The company will hold a conference call to discuss the results on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Q1 FY2026 Earnings Call July 29, 2025 2:00 p.m. PT / 5:00 p.m. ET Live webcast available on investors.nextracker.com The webcast replay, along with supporting materials, will be available on the Nextracker IR website following the conclusion of the event. About Nextracker Nextracker innovates and delivers the global leading solar power technology platform with integrated tracker, electrical solutions, and yield optimiza

Acquisition of Bentek Corporation adds electrical balance of system (eBOS) suite of products to core solar tracker platform Nextracker (NASDAQ:NXT), a leading solar technology platform provider, today announced it has acquired U.S.-based Bentek Corporation, an industry pioneer and manufacturer of electrical infrastructure used in all types of solar power plants. The all-cash transaction of approximately $78 million including future contingent earnout consideration combines Bentek's engineered, pre-assembled eBOS solutions with Nextracker's world class solar tracker platform, providing customers streamlined procurement and project logistics from a single source. The eBOS products will be of

Nextracker (NASDAQ:NXT) will announce its fourth quarter fiscal 2025 financial results after the market closes on Wednesday, May 14, 2025. The company will hold a conference call to discuss the results on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Q4 FY2025 Earnings Call May 14, 2025 2:00 p.m. PT / 5:00 p.m. ET Live webcast available on investors.nextracker.com The webcast replay, along with supporting materials, will be available on the Nextracker IR website following the conclusion of the event. About Nextracker Nextracker is a leading provider of integrated solar trackers, foundations, and software solutions used in ground-mounted utility-scale and distributed g

Nextracker (NASDAQ:NXT) will announce its third quarter fiscal 2025 financial results after the market closes on Tuesday, January 28, 2025. The company will hold a conference call to discuss the results on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Q3 FY2025 Earnings Call January 28, 2025 2:00 p.m. PT / 5:00 p.m. ET Live webcast available on investors.nextracker.com The webcast replay, along with supporting materials, will be available on the Nextracker IR website following the conclusion of the event. About Nextracker Nextracker is a leading global provider of intelligent, integrated solar tracker, foundations, and software solutions used in utility-scale and

Nextracker (NASDAQ:NXT) will announce its second quarter fiscal 2025 financial results after the market closes on Wednesday, October 30, 2024. The company will hold a conference call to discuss the results on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Q2 FY2025 Earnings Call October 30, 2024 2:00 p.m. PT / 5:00 p.m. ET Live webcast available on investors.nextracker.com The webcast replay, along with supporting materials, will be available on the Nextracker IR website following the conclusion of the event. About Nextracker Nextracker is a leading provider of intelligent, integrated solar tracker, foundations, and software solutions used in utility-scale and ground-m

Nextracker (NASDAQ:NXT) will announce its first quarter fiscal 2025 financial results after the market closes on Thursday, August 1, 2024. The company will hold a conference call to discuss the results on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Q1 FY2025 Earnings Call August 1, 2024 2:00 p.m. PT / 5:00 p.m. ET Live webcast available on investors.nextracker.com The webcast replay, along with supporting materials, will be available on the Nextracker IR website following the conclusion of the event. About Nextracker Nextracker is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation s

Nextracker (NASDAQ:NXT), a global provider of intelligent solar tracker and software solutions, today announced it has acquired Ojjo in an all-cash transaction for approximately $119 million. The purchase price is subject to working capital and other customary purchase price adjustments. Ojjo is a U.S.-based renewable energy company specializing in foundation technology and services used in utility-scale ground-mount applications for solar power generation. Combining Nextracker's industry-leading smart solar tracker system with Ojjo's foundation technology will enable engineering procurement construction companies (EPCs) and solar power plant developers to benefit from a more complete, inte

Nextracker (NASDAQ:NXT) will announce its fourth quarter fiscal 2024 and full-year financial results after the market closes on Tuesday, May 14, 2024. The company will hold a conference call to discuss the results on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Q4 FY2024 Earnings Call May 14, 2024 2:00 p.m. PT / 5:00 p.m. ET Live webcast available on investors.nextracker.com The webcast replay, along with supporting materials, will be available on the Nextracker IR website following the conclusion of the event. About Nextracker Nextracker is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed ge

AUSTIN, Texas, Jan. 31, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its third quarter ended December 31, 2023. Third Quarter Fiscal Year 2024 Highlights: Net Sales: $7.1 billionGAAP Operating Income: $348 millionAdjusted Operating Income: $477 millionGAAP Net Income attributable to Flex Ltd: $197 millionAdjusted Net Income attributable to Flex Ltd: $309 millionGAAP Earnings Per Share: $0.45Adjusted Earnings Per Share: $0.71An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules II and V attached to this press release. "Overall, fiscal Q3 was another quarter of strong execution," said Revathi Advaithi, CEO o

Nextracker (NASDAQ:NXT) will announce its third quarter fiscal 2024 financial results after the market closes on Wednesday, January 31, 2024. The company will hold a conference call to discuss the results on the same day at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Q3 FY2024 Earnings Call January 31, 2024 1:30 p.m. PT / 4:30 p.m. ET Live webcast available on investors.nextracker.com The webcast replay, along with supporting materials, will be available on the Nextracker IR website following the conclusion of the event. About Nextracker Nextracker is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generat