Can Nextracker (NXT) Leverage Domestic Steel Partnerships to Strengthen Its Competitive Edge?

• On October 15, 2025, T1 Energy announced a strategic agreement to use Nextracker’s patented steel module frame technology at its new 5-GW G1_Dallas solar manufacturing facility, aiming to replace imported aluminum frames with made-in-the-USA specialty steel.
• This move is set to bolster U.S. solar supply chains by reshoring manufacturing, increasing jobs, and reducing exposure to tariffs and global supply risks.
• Now, we'll explore how this boost to U.S. manufacturing capacity could influence Nextracker’s future growth and industry standing.

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Nextracker Investment Narrative Recap

To be a shareholder in Nextracker, you have to believe in the lasting demand for U.S.-made solar technology and the company’s edge in supply chain localization and innovation. The new T1 Energy agreement could strengthen Nextracker’s short-term growth visibility by reducing tariff and supply risk for its steel frame products, but it does not completely offset the broader geographic concentration risk, the company still relies heavily on U.S. solar installations.

Among recent announcements, Nextracker’s ramp-up of U.S. manufacturing with new Texas lines supporting the T1 Energy partnership is directly relevant. This expansion targets supply chain resilience and job creation, aligning with one of Nextracker’s main catalysts: securing a competitive advantage through domestic content that helps boost market share in the key U.S. market.

However, investors also need to consider that any market downturn or sudden policy shift in the U.S. could still…

Read the full narrative on Nextracker (it's free!)

Nextracker's narrative projects $4.3 billion revenue and $663.3 million earnings by 2028. This requires 11.8% yearly revenue growth and a $118.6 million earnings increase from $544.7 million.

Uncover how Nextracker's forecasts yield a $78.38 fair value, a 10% downside to its current price.

Exploring Other Perspectives

Three Simply Wall St Community fair value estimates range from US$78.38 to US$90.68 per share, reflecting diverse outlooks. While many see upside, the company’s U.S. market dependence remains a key factor that could affect future performance; compare your view with these alternative takes.

Explore 3 other fair value estimates on Nextracker - why the stock might be worth as much as $90.68!

Build Your Own Nextracker Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Nextracker research is our analysis highlighting 4 key rewards that could impact your investment decision.
• Our free Nextracker research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Nextracker's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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