10 Best Wind Power and Solar Stocks To Invest In Now

8. Nextracker Inc. (NASDAQ:NXT)  

Number of Hedge Fund Holders: 32  

Nextracker Inc. (NASDAQ:NXT) is a leading provider of solar tracking systems that track the movement of the sun and optimize the alignment of solar panels accordingly to enhance energy output. These trackers enable higher efficiency for large-scale solar farms. The company’s clients include utility-scale solar developers and project owners globally.

Nextracker Inc. (NASDAQ:NXT) is focusing on expanding its product offerings and improving its manufacturing capabilities. The company has recently introduced new products, such as the NX Horizon, NXTR 1.5, and NX Horizon Low Carbon Tracker, which have been successfully deployed in the field. Additionally, Nextracker Inc. (NASDAQ:NXT) has accelerated the availability of its 100% domestically manufactured trackers. This capability is expected to provide significant benefits to US customers by enabling them to capture a 10% bonus investment tax credit.

Moreover, Nextracker Inc. (NASDAQ:NXT) is investing in research and development to improve the efficiency and reliability of its products and expanding its business through strategic acquisitions and partnerships. The company has also established three global design facilities, including a new center in Hyderabad, India, which will enable the development of localized products for regional needs. Furthermore, Nextracker Inc. (NASDAQ:NXT) has closed two Foundation business acquisitions, which are expected to be successfully integrated by the end of the fiscal year. The company has also debuted its NX Foundation Solutions business, which will enable quicker, safer, and more efficient solar project development.