10 Best Solar Energy Stocks To Buy Now

7. Nextracker Inc. (NASDAQ:NXT

Number of Hedge Fund Investors: 32

Nextracker Inc. (NASDAQ:NXT) is a leading provider of solar tracker and software solutions used in utility-scale and ground-mounted solar power plants. The company’s smart tracking systems optimize solar panel positioning to maximize energy output throughout the day. Nextracker Inc. (NASDAQ:NXT) caters to large-scale solar energy developers and independent power producers.

Nextracker Inc. (NASDAQ:NXT) has accelerated the availability of its 100% domestically manufactured tracker, which allows customers to achieve a higher score on domestic content and capture a 10% bonus investment tax credit (ITC). This capability provides substantial financial benefits to U.S. customers and makes the company’s products highly attractive.

Nextracker Inc. (NASDAQ:NXT) is investing heavily in R&D and is committed to continuous innovation and product development to stay ahead in the highly competitive solar market. The company has recently launched several new products, including the NX Horizon, NXTR 1.5, NX Horizon Low Carbon Tracker, NX Hail Pro-75, and two new NX Foundation technologies. These products have been successfully deployed in the field and enable quicker, safer, and more efficient solar project development on a wide range of soil types. The company has also released new features such as Zonal Diffuse and Split Boost for TrueCapture, which increases energy generation.

Nextracker Inc. (NASDAQ:NXT) has also established three global design facilities, including the recently inaugurated Nextracker Center of Solar Excellence in Hyderabad, India, which serves as a state-of-the-art laboratory for developing and commercializing PV technologies tailored to regional needs. This global network enables the company to serve projects in over 40 countries, ensuring that its products are optimized for local conditions and customer requirements.