Solar tracker company Nextracker (NASDAQ:NXT) reported Q4 CY2024 results , but sales fell by 4.4% year on year to $679.4 million. The company expects the full year’s revenue to be around $2.85 billion,

The stock’s impressive growth in the early days of 2025 has put it far ahead of the S&P 500. As of now, Nextracker is up +33.35% year-to-date (YTD), while the S&P 500 has only seen a modest increase of +2.59%. This stark difference highlights Nextracker’s strength in the market and its positioning as a key player in the renewable energy sector.