8 Most Promising Solar Stocks According to Hedge Funds

5. Nextracker Inc. (NASDAQ:NXT)

Number of Hedge Fund Investors: 32

Nextracker Inc. (NASDAQ:NXT) specializes in solar tracker systems that maximize the performance of solar panels by following the sun’s path throughout the day. These systems enhance energy yield for utility-scale solar projects, making Nextracker Inc. (NASDAQ:NXT) a key supplier to developers and EPC firms.

Furthermore, Nextracker Inc. (NASDAQ:NXT) is investing heavily in research and development (R&D) to drive continuous innovation and maintain a competitive edge in the 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, enabling faster, safer, and more efficient solar project development across a variety of soil types. Additionally, the company has introduced new features such as Zonal Diffuse and Split Boost for TrueCapture, which further enhance energy generation.

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 qualify for a 10% bonus investment tax credit (ITC). This capability offers significant financial advantages to U.S. customers, making the company’s products highly attractive.