12 Best Young Stocks To Buy and Hold For 10 Years

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5. Nextracker Inc. (NASDAQ:NXT)

3-Year CAGR as of February 11: 27.96% 

Number of Hedge Fund Holders: 32

Nextracker Inc. (NASDAQ:NXT) provides solar tracker and software solutions for utility-scale and distributed generation solar projects globally. Its offerings include the NX Horizon and NX Horizon-XTR tracking solutions, the TrueCapture control system for optimizing energy production, and the NX Navigator platform for monitoring and controlling solar projects.

Its core business is providing tracker systems for large solar power plants. These systems help solar panels track the sun and maximize energy production. In FQ3 2025, the company generated $679 million in revenue from these tracker systems. In these first nine months of the fiscal year, the company earned $2 billion, which is a 15% increase compared to last year. The demand for Nextracker Inc.’s (NASDAQ:NXT) systems is very strong, with a record backlog of over $4.5 billion in orders. This backlog has more than doubled since its IPO two years ago.

Nextracker Inc. (NASDAQ:NXT) offers a range of innovative products, including the NX Horizon tracker, specialized foundations, Hail Pro systems for storm protection, and the XTR tracker for uneven terrain. They also have software called TrueCapture that helps optimize energy production. The company emphasizes customer service, product innovation, and efficient operations.

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