12 Best Renewable Energy Stocks to Buy in 2025

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8. Nextracker Inc. (NASDAQ:NXT)

No. of Hedge Fund Holders: 41

Nextracker Inc. (NASDAQ:NXT) offers integrated solar trackers and software solutions that optimize energy production for utility-scale and ground-mounted distributed generation solar farms. The company’s products allow solar panels in utility-scale power plants to follow the sun’s movement and generate energy while enhancing plant performance.

Nextracker Inc. (NASDAQ:NXT) seems to be a promising stock despite the economic uncertainty. The demand for Nextacker’s advanced trading technology is expected to rise. The company is enhancing solar panel efficiency and assisting solar farms to optimize costs. This makes Nextracker’s solar products attractive amid growing solar energy investments.

Recently, Christopher Dendrinos from RBC Capital initiated coverage on NXT shares with an Outperform rating and a price target of $55 per share. Dendrinos mentioned Nextracker’s consistent operational improvements and structural developments that enhance cost efficiency. Its innovative product designs minimize overall system costs, while the company’s industry-leading software, TrueCaputre, provides added value for consumers. The potential outlook for FY 2026/27 remains positive, driven by Nextracker’s robust balance sheet and FCF growth opportunities.

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