About this organization

Organization Information : Founded in 2013,When Dan Shugar and his team founded Nextracker, they had a vision for what a solar tracker should be. After redesigning, engineering and building an innovative independent-row system from the ground up and taking the NX Horizon system to market, the company quickly went from start-up to global market leader.Nextracker has been the number-one global market-share solar tracker company with an average market share of 30% for seven years and counting, according to global research firms WoodMackenzie and IHS Markit.Nextracker pioneered smart solar tracking technology and continues to lead the industry with our design, engineering and software innovation. Our robust portfolio of intellectual property protects both our hardware and software products, and includes 132 mechanical patents, 52 electronics & controls patents, and 171 software-driven yield improvement patents.

Other Information: Founded in 2013, Nextracker Inc. is a Fremont, California–based global leader in utility-scale and distributed solar tracker systems. Co-founded by Dan Shugar and backed by Flex since 2015, Nextracker became fully independent through a spin-off in January 2024.The company offers advanced solutions including the NX Horizon series—such as terrain-following and hail-avoiding trackers—and software platforms like TrueCapture and NX Navigator for optimizing energy yield and remote operations With a shipment volume exceeding 100 GW across more than 40 countries, Nextracker holds the top global market share (around 30%) in solar tracking systems.The company continues to expand its U.S.-based manufacturing footprint—including revamped facilities in Texas, Arizona, and Pennsylvania—aligned with low-carbon production and IRA incentives.Financially robust, Nextracker reported fiscal 2024 revenue of approximately $2.5 billion, and in Q3 FY 2025 earned $679 million, with strong backlog and continued margin strength. Strategic acquisitions in 2024–2025—including Ojjo, Solar Pile International, and Bentek Corporation—signal its shift toward an integrated solar tech platform beyond hardware alone.Nextracker’s performance is built on continuous innovation, global scale, and proprietary intelligence that boosts both system efficiency and ease of deployment.