The solar tracker and software provider’s share price increased 20% in the trading session following the earnings report.
Tracker and solar solutions provider Nextracker is now its own entity.
Also on the rise: Sunlight Financial files bankruptcy, acquired by industry consortium. California is curtailing more solar power than ever before. And more.
Majority holder Flex plans to spin off its remaining interests in Nextracker. Plus, the company raised its earnings guidance for 2024.
Also on the rise: California proposes “blatant seizure of property” in solar ruling. Panasonic unveils new residential heat pumps. And more.
A ribbon cutting was held recently for the Daggett Solar + Storage plant, one of the largest operating hybrid facilities in the country.
Also on the rise: Nextracker opens steel manufacturing facility in Las Vegas. Briggs & Stratton launches new lithium iron phosphate battery packages. And more.
The facility will produce steel for Nextracker’s solar mounts and tracking systems. Nextracker and Unimacts held an event to dedicate the new production line, which coincided with the RE+ 2023 conference, the largest energy trade show in the country, also in Las Vegas.
The company released a hail stow-ready rack, a terrain following tracker and an irradiance-tracking yield optimizer.
Clearloop received an upfront payment for long-term renewable energy credits from Microsoft, a decarbonization investment in the Panola II Solar Farm.
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