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About the company
Nextracker Inc. is a provider of integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects. Its products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. It has operations in the United States, Mexico, Spain, India, Australia, the Middle East and Brazil. Its products include NX Horizon, NX Horizon-XTR, NX Gemini, TrueCapture, and NX Navigator. Its solutions include Bifacial PV modules, Large Format Modules, and First Solar Series 6 (FSLR6) Modules. NX Horizon is a one-in-portrait (1P) smart solar tracker system that delivers the lowest levelized cost of energy (LCOE). NX Gemini is its two-in-portrait (2P) format tracker which holds two rows of solar panels along the central support beam. TrueCapture is its flagship software offering, which is a self-adjusting tracker control system that uses machine learning to enhance solar power plant energy yield.
- Revenue in USD (TTM)2.50bn
- Net income in USD306.24m
- Incorporated2022
- Employees1.05k
- LocationNextracker Inc6200 Paseo Padre PkwyFREMONT 94555United StatesUSA
- Phone+1 (510) 270-2500
- Fax+1 (302) 655-5049
- Websitehttps://www.nextracker.com/
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Peer analysis
Key Information
- Key Information
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| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Power Integrations Inc | 429.93m | 52.81m | 4.31bn | 819.00 | 82.85 | 5.84 | 47.97 | 10.04 | 0.9174 | 0.9174 | 7.48 | 13.01 | 0.5189 | 1.34 | 26.16 | 524,943.80 | 6.37 | 15.37 | 6.84 | 16.50 | 51.82 | 52.20 | 12.28 | 24.21 | 6.75 | -- | 0.00 | 24.97 | -31.73 | 1.34 | -67.38 | -1.56 | -3.97 | 19.20 |
| Allegro MicroSystems Inc | 1.05bn | 152.70m | 5.84bn | 4.59k | 38.50 | 5.15 | 26.04 | 5.56 | 0.7829 | 0.7829 | 5.40 | 5.85 | 0.7739 | 3.03 | 8.46 | 228,470.90 | 11.28 | 10.78 | 12.60 | 12.48 | 54.75 | 51.28 | 14.57 | 12.77 | 3.48 | 52.82 | 0.183 | -- | 7.78 | 7.70 | -18.50 | 12.50 | 4.89 | -- |
| Rambus Inc | 465.23m | 363.52m | 5.96bn | 623.00 | 16.87 | 6.01 | 14.52 | 12.80 | 3.28 | 3.28 | 4.21 | 9.20 | 0.4285 | 2.59 | 3.26 | 746,751.20 | 33.48 | 3.44 | 36.49 | 3.84 | 79.49 | 77.10 | 78.14 | 12.31 | 6.40 | -- | 0.00 | 0.00 | 1.39 | 14.81 | 2,433.36 | -- | 15.90 | -- |
| Cirrus Logic, Inc. | 1.79bn | 274.57m | 6.14bn | 1.63k | 23.33 | 3.38 | 19.03 | 3.43 | 4.92 | 4.92 | 31.93 | 33.97 | 0.8329 | 3.79 | 11.43 | 1,100,855.00 | 12.78 | 12.28 | 14.11 | 13.75 | 51.21 | 51.47 | 15.35 | 14.22 | 4.72 | -- | 0.00 | 0.00 | -5.73 | 8.58 | 55.39 | 24.99 | 1.41 | -- |
| MACOM Technology Solutions Holdings Inc | 637.28m | 63.81m | 7.29bn | 1.50k | 114.40 | 6.97 | 59.74 | 11.44 | 0.8841 | 0.8841 | 8.83 | 14.50 | 0.387 | 1.82 | 5.27 | 424,852.70 | 3.87 | 2.16 | 4.13 | 2.32 | 55.75 | 54.88 | 10.01 | 4.72 | 5.70 | -- | 0.3188 | 0.00 | -3.96 | 2.60 | -79.18 | -- | -14.18 | -- |
| Nextracker Inc | 2.50bn | 306.24m | 8.01bn | 1.05k | 16.39 | 8.08 | 16.00 | 3.20 | 3.37 | 3.37 | 16.97 | 6.83 | 1.27 | 9.93 | 3.71 | 2,380,801.00 | 25.20 | 16.64 | -- | -- | 32.52 | 20.57 | 19.85 | 11.07 | 1.76 | 42.48 | 0.1267 | 0.00 | 31.42 | 30.49 | 26,692.74 | -- | 8.04 | -- |
| Amkor Technology, Inc. | 6.40bn | 373.36m | 8.02bn | 28.70k | 21.58 | 2.01 | 8.05 | 1.25 | 1.51 | 1.51 | 25.87 | 16.24 | 0.9644 | 12.11 | 5.66 | 222,893.30 | 5.68 | 7.93 | 7.22 | 10.62 | 14.86 | 17.57 | 5.89 | 7.76 | 2.08 | 26.98 | 0.23 | 8.13 | -8.30 | 8.54 | -53.02 | 19.22 | 6.50 | -- |
| Universal Display Corporation | 611.22m | 219.05m | 8.34bn | 456.00 | 38.21 | 5.61 | 31.43 | 13.64 | 4.60 | 4.60 | 12.83 | 31.30 | 0.3797 | 0.8153 | 5.76 | 1,340,397.00 | 13.67 | 12.99 | 14.62 | 14.69 | 76.85 | 78.14 | 36.00 | 33.67 | 7.88 | -- | 0.00 | 24.20 | -6.52 | 18.43 | -3.27 | 28.77 | 37.84 | 42.29 |
| Fabrinet | 2.79bn | 275.90m | 8.66bn | 14.66k | 31.79 | 5.22 | 26.74 | 3.11 | 7.54 | 7.54 | 76.08 | 45.91 | 1.31 | 4.84 | 4.86 | 189,973.20 | 12.94 | 10.90 | 17.43 | 14.80 | 12.42 | 12.00 | 9.90 | 8.30 | 2.69 | -- | 0.0018 | 0.00 | 16.93 | 14.03 | 23.72 | 24.09 | 11.96 | -- |
| Coherent Corp | 4.60bn | -414.57m | 8.70bn | 26.62k | -- | 1.63 | 43.27 | 1.89 | -2.86 | -2.86 | 31.00 | 50.31 | 0.3211 | 2.39 | 4.89 | 172,728.50 | -2.03 | 1.07 | -2.24 | 1.22 | 30.21 | 35.50 | -6.31 | 2.04 | 1.72 | 0.567 | 0.3409 | -- | 55.58 | 34.81 | -342.40 | -- | 23.23 | -- |
| Astera Labs Inc | -100.00bn | -100.00bn | 10.05bn | 267.00 | -- | 12.41 | -- | -- | -- | -- | -- | 5.20 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 18.09 | -- | 0.00 | -- | 44.97 | -- | 55.00 | -- | -- | -- |
| Lattice Semiconductor Corp | 693.66m | 217.93m | 10.21bn | 1.16k | 47.53 | 14.96 | 40.30 | 14.72 | 1.56 | 1.56 | 4.97 | 4.96 | 0.8763 | 1.99 | 6.56 | 600,051.10 | 27.53 | 17.60 | 31.03 | 20.46 | 69.53 | 65.03 | 31.42 | 22.93 | 3.01 | -- | 0.00 | 0.00 | 11.63 | 13.07 | 44.82 | -- | 19.11 | -- |
| Onto Innovation Inc | 845.55m | 138.94m | 10.68bn | 1.50k | 77.17 | 5.98 | 51.86 | 12.63 | 2.81 | 2.81 | 17.10 | 36.21 | 0.4502 | 1.22 | 3.83 | 564,829.00 | 7.40 | 6.93 | 8.03 | 7.56 | 51.93 | 52.10 | 16.43 | 14.97 | 6.82 | -- | 0.00 | 0.00 | -18.83 | 20.25 | -45.75 | 16.02 | 24.70 | -- |
Data as of May 31 2024. Currency figures normalised to Nextracker Inc's reporting currency: US Dollar USD
47.46%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Fidelity Management & Research Co. LLCas of 31 Mar 2024 | 17.13m | 12.54% |
| The Vanguard Group, Inc.as of 31 Mar 2024 | 12.17m | 8.91% |
| BlackRock Fund Advisorsas of 31 Mar 2024 | 9.91m | 7.26% |
| PRIMECAP Management Co.as of 31 Mar 2024 | 8.22m | 6.02% |
| D. E. Shaw & Co. LPas of 31 Mar 2024 | 3.38m | 2.47% |
| Wellington Management Co. LLPas of 31 Mar 2024 | 2.94m | 2.15% |
| SSgA Funds Management, Inc.as of 31 Mar 2024 | 2.94m | 2.15% |
| BlackRock Advisors (UK) Ltd.as of 31 Mar 2024 | 2.82m | 2.07% |
| Geode Capital Management LLCas of 31 Mar 2024 | 2.73m | 2.00% |
| Norges Bank Investment Managementas of 31 Dec 2023 | 2.58m | 1.89% |
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Data from 31 Dec 2023 - 31 Mar 2024Source: FactSet Research Systems Inc.
