Solid solar installations, along with the Inflation Reduction Act, should drive solar capacity growth in 2024, amid a weak outlook for residential installations. You may keep a watch on ENPH, NXT and CSIQ.
PITTSBURGH, April 26, 2024--Nextracker (Nasdaq: NXT), a global provider of intelligent solar tracker and software solutions, and JENNMAR Holdings ("JENNMAR") subsidiary JM Steel, a premier steel processing provider, jointly announced the completion of a major expansion of Nextracker-dedicated manufacturing lines at JM Steel’s Leetsdale steel facility achieving 4 GW of capacity.
In the latest trading session, Nextracker (NXT) closed at $43.88, marking a -1.22% move from the previous day.