Nextracker (NXT) Advances in Brazil Solar Hybrid Market with Casa dos Ventos Tracker Supply Deal

• On August 12, 2025, Casa dos Ventos announced it had selected Nextracker to supply 1.5 GW of solar tracker systems for four new utility-scale solar and hybrid projects across Brazil, marking Casa dos Ventos’s first large-scale entry into solar power.
• This project further strengthens Nextracker’s position in the Latin American renewables market and highlights the growing trend of hybrid wind-solar plants to address Brazil's grid constraints.
• We'll explore how Nextracker’s role in enabling hybrid power plants in Brazil could shift the company’s broader growth outlook.

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Nextracker Investment Narrative Recap

For those interested in Nextracker, much of the investment outlook centers on the belief that solar tracker technology will remain an essential solution as global renewable energy adoption accelerates, especially in fast-growing regions like Latin America. The Casa dos Ventos contract cements Nextracker’s presence in Brazil and supports near-term confidence in its record order backlog, a key catalyst, but does not meaningfully change the high short-term risk tied to international pricing and margin pressures outside the U.S.

Among recent Nextracker announcements, the launch of NX Horizon-XTR solar tracker systems for hilly or challenging terrain stands out as directly linked to the Casa dos Ventos deal. This innovation addresses technical complexity in projects like those announced in Brazil, potentially adding to the view that differentiated product offerings drive both backlog strength and competitive positioning.

Yet, despite progress in emerging markets, investors should also be aware that with international expansion comes...

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

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

Uncover how Nextracker's forecasts yield a $70.21 fair value, a 16% upside to its current price.

Exploring Other Perspectives

Simply Wall St Community members estimate Nextracker’s fair value between US$61.55 and US$90.23, drawn from four independent forecasts. With global expansion fueling optimism, the risk of international margin pressure remains a critical consideration for your portfolio analysis.

Explore 4 other fair value estimates on Nextracker - why the stock might be worth as much as 49% more than the current price!

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 and 1 important warning sign 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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