The inverter and power optimizer maker showed 67% year-over-year revenue growth and shipped 985 MW of inverters but missed earnings projections by 2%.
U.S. President Donald Trump has asked trade officials to consider increasing import duties from 10% to 25% on a list of products from China including inverters, AC modules and non-lithium batteries.
The company has brought its operating margin to below -1%, as it fends off component shortages, short sellers and potential tariffs.
There were hundreds of booths, each one filled with experts who represent a deep understanding. The sciences of crimping, cleaning and connecting were all on show – and that’s before Bitcoin!
Solar inverters are turning into the quarterback to the solar modules as wide receivers. And with the need to deliver energy services, talk with the broader power grid, protect first responders and more – the inverter playbook is expanding.
For most people, solar power means solar panels – but that’s not all that goes into a solar installation. We bring you the beauty of trackers, ground screws, l-feet and all that finely machined metal.
GTM Research says the 10% tariffs that the Trump Administration is calling for are “significant”, and some companies and sectors will be affected more than others.
As the trade war escalates, inverters may be the latest victims.
California’s NEXTracker has acquired key IP from French company Optimum Tracker to “fortify” its current offerings, while opening opportunities for further platform growth.
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