NasdaqGS:NXTElectrical
Why Nextracker’s Debt-Free Backlog Pivot Raises New Questions About Its Growth Path (NXT)
Nextracker recently highlighted that it has no long-term debt, a substantial cash position, and a record roughly US$5.00 billion backlog, while also outlining plans to expand beyond its core solar tracking business by 2030.
At the same time, the company’s strong sales pipeline and improving financial flexibility are drawing attention to the execution risks involved in turning new business segments into meaningful contributors.
We’ll now examine how Nextracker’s sizeable US$5.00 billion...