Core Insights - Nextracker Inc. (NASDAQ:NXT) is recognized as one of the top sustainability stocks, with RBC Capital raising its price target to $96 from $93 while maintaining an Outperform rating [1] - The company's advancements in software and robotics are enhancing its position as a long-term partner in solar power plant management, leading to new steady revenue opportunities [1][2] Company Developments - Nextracker is transitioning from being viewed merely as a hardware manufacturer to a platform solutions vendor, fostering stronger client relationships [2] - RBC Capital anticipates continued growth in Nextracker's non-tracker orders through the fiscal third quarter of 2026, indicating robust demand [3] - The joint venture in the Middle East and North Africa (MENA) region is expected to enhance sales growth and competitive positioning [3] Product Offerings - Nextracker provides various solar tracker technologies and solutions, including NX Horizon, NX Horizon-XTR, NX Horizon Hail Pro, NX Horizon Low Carbon, and TrueCapture [4]

Core Insights - Nextracker Inc. (NASDAQ:NXT) is identified as one of the most undervalued solar stocks, with a 'Buy' rating and a price target of $75.00, indicating a potential upside of nearly 12% from current levels [1] - The company has acquired Origami Solar for $53 million in cash, marking a strategic shift in its M&A approach towards supplying utility-scale hardware manufacturers [2] - The acquisition allows Nextracker to leverage 100% U.S. steel in its products, aligning with protectionist policies that may enhance demand for locally manufactured energy hardware [2][3] Company Strategy - Nextracker is transitioning from focusing on integrated solar project platforms to supplying hardware for utility-scale projects, which reflects a significant change in its business strategy [2] - CEO Dan Shugar emphasized that the acquisition will facilitate localized manufacturing and improve customer benefits such as faster panel installation and enhanced long-term system performance [3] Product Offerings - The company specializes in solar tracker technologies and solutions, with core products including NX Horizon, NX Horizon-XTR, NX Horizon Hail Pro, NX Horizon Low Carbon, and TrueCapture [3]