Nextracker Is the Market Leader in the Growing Solar-Tracking Industry
Nextracker is the world’s largest manufacturer of intelligent tracker systems for utility-scale solar projects globally.
Nextracker is the world’s largest manufacturer of intelligent tracker systems for utility-scale solar projects globally.
Nextracker’s best-in-class independent row tracker system, aligns its optimized energy yields with developer’s long-term project economics.
Cost-sensitive EPCs, which account for 75% of Nextracker’s customers, exhibit limited stickiness with tracker companies.
Metric
|
NXT
|
SEDG
|
SHLS
|
---|---|---|---|
Price/Earnings (Normalized) | 29.45 | 14.50 | 11.18 |
Price/Book Value | — | 1.39 | 2.36 |
Price/Sales | 1.06 | 1.13 | 2.75 |
Price/Cash Flow | 6.59 | 15.97 | 9.48 |
Metric
|
NXT
|
SEDG
|
SHLS
|
---|---|---|---|
Quick Ratio | 1.43 | 1.85 | 1.78 |
Current Ratio | 1.87 | 3.70 | 2.62 |
Interest Coverage | — | 12.42 | 2.87 |
Metric
|
NXT
|
SEDG
|
SHLS
|
---|---|---|---|
Return on Assets (Normalized) | 21.56% | −0.77% | 11.03% |
Return on Equity (Normalized) | — | −1.44% | 17.17% |
Return on Invested Capital (Normalized) | 56.89% | −1.05% | 14.75% |
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
---|---|---|---|---|---|
FSLR
| First Solar Inc | Zwwzxfmgx | Qthdy | $20.7 Bil | |
ENPH
| Enphase Energy Inc | Rrjsvzzqqm | Hmny | $15.1 Bil | |
XNYIF
| Xinyi Solar Holdings Ltd | — | Ptcrlwq | $6.7 Bil | |
XISHY
| Xinyi Solar Holdings Ltd ADR | — | Rzxlnb | $6.7 Bil | |
GCPEF
| GCL Technology Holdings Ltd | — | Jyf | $4.5 Bil | |
SEDG
| SolarEdge Technologies Inc | Ddqbdjn | Vhcc | $2.8 Bil | |
RUN
| Sunrun Inc | Nwqmyjtz | Qvhfx | $2.8 Bil | |
SHLS
| Shoals Technologies Group Inc Ordinary Shares - Class A | Wxjqhqqk | Vjqm | $1.2 Bil | |
SPWR
| SunPower Corp | Fdq | Csym | $403.6 Mil |