Nextracker Inc.
102.67+5.67 (+5.85%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · NXT · USD
Key Stats
Market Cap
15.58BP/E (TTM)
26.60Basic EPS (TTM)
3.86Dividend Yield
0%Recent Filings
8-K
8-K
Nextracker upgrades to $1B unsecured revolver
Nextracker Inc. replaced its existing $500 million secured revolving credit facility, maturing February 2028, with a new $1.0 billion unsecured revolving credit facility maturing September 2030, arranged by PNC Bank as administrative agent. The new facility, undrawn at closing, supports up to $250 million in additional commitments and includes sublimits for $500 million in letters of credit and $150 million in swingline loans, available in multiple currencies. This upgrade enhances liquidity and flexibility while imposing a net leverage covenant below 3.75:1.00. Lenders now enjoy reduced collateral risk.
8-K
Annual meeting results
Nextracker Inc. held its annual stockholder meeting on August 18, 2025, electing Jeffrey Guldner, Monica Karuturi, and Brandi Thomas as Class III directors until 2028, with strong support for Karuturi and Thomas but notable withholding for Guldner. Stockholders ratified Deloitte & Touche LLP as auditors for fiscal year 2026, with 132.7 million votes in favor. The advisory vote approved executive compensation, passing 102.3 million to 24.9 million. Governance continuity holds firm.
10-Q
Q1 FY2026 results
Nextracker's Q1 FY2026 revenue climbed 20% y/y to $864.3M, fueled by a 27% jump in gigawatts delivered, with U.S. sales up 17% to $599.5M and rest-of-world surging 27% to $264.8M on stronger Latin America, Middle East, and Europe demand. Gross profit rose 19% y/y to $281.7M, yielding a 32.6% margin, while operating income grew 16% to $186.2M; diluted EPS increased 24% y/y to $1.04 on 150.9M shares, reconciling fully with no anti-dilution flagged. Adjusted EBITDA, reconciled in the 10-Q, hit $214.8M (24.9% margin), up from $175.0M last year. Cash from operations fell to $81.3M amid working capital swings, yielding $70.1M free cash flow after $11.3M capex; quarter-end cash stood at $743.4M with $1.7B total liquidity and no revolver draw. In May 2025, the company closed all-cash buys of Bentek and OnSight for $86.4M net, recognizing $73.9M goodwill and $14.0M finite-lived intangibles amortized over 2-10 years to bolster electrical infrastructure and O&M services. Yet regulatory flux around AD/CVD duties on Southeast Asian solar modules poses supply chain risks.
8-K
Strong Q1 results, acquisitions boost
Nextracker reported Q1 FY26 revenue of $864 million, up 20% year-over-year, with adjusted EBITDA rising 23% to $215 million amid strong international growth and a $4.75 billion backlog. The company invested $86.8 million in strategic acquisitions, including $40 million aggregate for three prior robotics and AI technologies enhancing solar monitoring and efficiency. It raised FY26 revenue guidance to $3.2-$3.45 billion and adjusted EBITDA to $750-$810 million. Acquisitions integrate seamlessly, yet hinge on stable U.S. policies.
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