Nextracker

Nextracker's journey began in 2013, co-founded by Dan Shugar, who currently serves as CEO, and five other members of the leadership team, with a clear mission: to accelerate the world's transition to renewable power. From its inception, the company focused on developing intelligent, integrated solar tracker and software solutions designed to optimize the performance of utility-scale and distributed generation solar projects. This dedication to innovation quickly propelled Nextracker to the forefront of the burgeoning solar industry. A significant milestone arrived in 2015 when Flextronics (now Flex) acquired the young company, recognizing its potential and providing the resources to scale its operations and expand its global reach. Even as a subsidiary, Nextracker maintained its operational independence, allowing it to mature its business processes and successfully enter new international markets, including Brazil and India.

The company's commitment to technological advancement is evident in its flagship products like the NX Horizon, a one-in-portrait (1P) smart solar tracker system, and its TrueCapture software, an intelligent, self-adjusting tracker control system that utilizes machine learning to enhance energy yield. These innovations, along with a robust portfolio of over 600 patents as of March 2024, have solidified Nextracker's position as a market leader. The company's growth trajectory continued, marked by strategic acquisitions such as BrightBox Technologies in 2016 to bolster its software capabilities, and later, Ojjo, Solar Pile International, and Bentek Corporation to expand its offerings in foundation technology and electrical balance of systems. A pivotal moment in Nextracker's evolution was its U.S. initial public offering (IPO) in February 2023, which raised $638 million and saw the company debut on the Nasdaq Global Select Market under the ticker symbol NXT. This step marked its transition to an independent public company, further empowering its mission to deliver reliable and productive solar power solutions worldwide. Today, Nextracker operates globally, with a significant manufacturing presence in the United States and installations in over thirty countries, consistently driving innovation in solar tracking technology and contributing to a more sustainable energy future.