Nextracker Bolsters India Presence With 10 GW Milestone, New Hyderabad Hub
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Nextracker's Growth in India: Nextracker Inc. has surpassed 10 GW of solar tracker deployments in India and is opening a new 80,000 sq. ft. office and R&D center in Hyderabad to support its expansion and commitment to the country's clean energy goals.
Local Impact and Future Plans: The company is ramping up hiring and investing in local talent and infrastructure while collaborating with Indian partners to enhance solar technology, contributing to India's renewable energy objectives and Atma Nirbhar Bharat vision.
Analyst Views on NXT
Wall Street analysts forecast NXT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NXT is 105.33 USD with a low forecast of 76.00 USD and a high forecast of 125.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
15 Buy
5 Hold
0 Sell
Strong Buy
Current: 105.180
Low
76.00
Averages
105.33
High
125.00
Current: 105.180
Low
76.00
Averages
105.33
High
125.00
About NXT
Nextpower Inc., formerly Nextracker Inc., designs, engineers, and delivers an advanced energy technology platform for solar power plants. Its integrated solutions are designed to streamline project execution, increase energy yield and long-term reliability. The Company's products and services include trackers, foundations, eBOS, software, controls, and module mounting. Its services include design, deploy, and operate. Its design services include site evaluations, design and engineering, and training programs. Its deploying services include efficient commissioning, fully equipped, and fast-tracked scheduling. Its operating services engaged in the monitor, manage, and mitigating risk with tools and tech.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
