Nextracker (NASDAQ:NXT) (NASDAQ: NXT) develops and manufactures advanced solar tracking systems and software solutions designed to optimize energy capture for utility-scale and distributed solar installations. The company’s flagship products include the NX Horizon™ single-axis tracker, which features a modular design for rapid deployment, and the NX Gemini™ dual-axis tracker tailored for challenging terrains and harsh environmental conditions. Beyond hardware, Nextracker offers digital services such as NX Navigator™, a cloud-based performance monitoring platform, and TrueCapture™, an AI-driven optimization tool that adjusts tracker positioning in real time to enhance energy yield under variable weather conditions.
Since its founding in 2013, Nextracker has delivered more than 90 gigawatts of solar tracking capacity across six continents, serving customers in North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region. The company’s trackers are designed to withstand extreme temperatures, high wind speeds and heavy snow loads, making them suitable for a wide range of climates and project scales. Nextracker also offers comprehensive services spanning project planning, logistics, installation and ongoing operations and maintenance, helping developers and asset owners maximize asset performance and return on investment over the lifespan of a solar project.
In its early years, Nextracker emerged as part of SunPower’s Pivot Technology division before becoming an independent business and later attracting investment from industry leaders, including Brookfield Renewable Partners and Ontario Teachers’ Pension Plan. The company completed a public listing via a special purpose acquisition company in 2021, broadening its access to capital for research and development. Leadership is headed by co-founder and CEO Dan Shugar, who guides global strategy and innovation, alongside an executive team with deep experience in renewable energy, engineering and supply chain management.
Committed to accelerating the world’s transition to clean energy, Nextracker continues to invest in next-generation tracking technologies and digital solutions. By combining precision mechanical design with data-driven software, the company aims to deliver higher electricity yields, lower project costs and reduced carbon emissions for solar developers, utilities and independent power producers worldwide.
