Nextracker is a leader in the solar tracker market. The company integrates software solutions with ground-mounted tracker products which are used in utility-scale solar projects around the world. Nextracker’s solutions allow customers to flexibly configure systems for their project sites to maximise energy output across a range of terrains and weather conditions. It also has lower installation costs. As a result, the company is gaining share from traditional technology, enabling growth above the already fast-growing utility solar market.
Impact Score: 14%
Nextracker’s solar trackers are ground-mounted and allow the solar panels to follow the path of the sun throughout the day to maximise energy harvest and output. This results in yield improvements relative to traditional tracker technology and therefore a lower Levelised Cost of Energy for the customer’s system.
Fundamental Quality: 60%
Nextracker has leading market share globally. Their technology has strong IP protection and continues to gain share from traditional technologies. Growth in the underlying utility solar market is strong thanks to secular tailwinds and the company is well positioned to capture that, both in the US and internationally.
