11 Best Renewable Energy Stocks To Buy Now

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8. Nextracker Inc. (NASDAQ:NXT)

Number of Hedge Fund Investors: 32

Nextracker Inc. (NASDAQ:NXT) is a prominent provider of solar tracker and software solutions designed for utility-scale and ground-mounted solar power plants. The company’s advanced tracking systems optimize the positioning of solar panels to maximize energy output throughout the day. Nextracker Inc. (NASDAQ:NXT) primarily serves large-scale solar energy developers and independent power producers.

Nextracker Inc. (NASDAQ:NXT) is diversifying its product portfolio to address a broader range of customer needs. The company has recently launched several new products, including the NX Horizon, NXTR 1.5, NX Horizon Low Carbon Tracker, and NX Hail Pro-75, which have been successfully deployed in the field. These products are designed to offer superior performance, reliability, and cost-effectiveness, making them highly attractive to international customers. Additionally, Nextracker Inc. (NASDAQ:NXT) is offering a comprehensive suite of products and solutions. The company’s Foundation Solutions business, which provides specialized foundation technologies for challenging terrains is also gaining traction in markets where traditional installation methods are not feasible.

Nextracker Inc. (NASDAQ:NXT) is actively expanding its business internationally to tap into the growing demand for solar energy solutions across various regions. One of the key strategies driving this expansion is the company’s focus on localized product development and manufacturing. The company has established a state-of-the-art Center of Solar Excellence in Hyderabad, India, which serves as a global design facility and incubator for PV technologies tailored to regional needs. This facility will also support other markets in the Asia-Pacific region with products that are optimized for local conditions.

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