N
NEXTracker
Energy · Fremont, United States · Founded 2013 · IPO 2015
Lower costs, better performance & more flexibility for solar power systems MoreLess
Nextracker specializes in providing cutting-edge solar tracker solutions designed to optimize the performance of photovoltaic (PV) plants. Operating primarily in the renewable energy market, Nextracker serves utility-scale and distributed generation projects, offering intelligent tracking systems that improve energy yield and efficiency. The company's business model revolves around the sale and implementation of these advanced solar tracking systems, complemented by a suite of data analytics and software services that provide real-time monitoring and predictive maintenance. This integrated approach not only enhances the operational efficiency of solar assets but also ensures safety and reliability under extreme weather conditions. Nextracker generates revenue through the sale of its hardware and software solutions, as well as through ongoing service contracts for data analytics and system maintenance. The company's clients include utility companies, solar project developers, and asset managers looking to maximize the return on their solar investments.
Keywords: solar tracker, PV plants, renewable energy, data analytics, utility-scale, distributed generation, predictive maintenance, real-time monitoring, energy yield, operational efficiency.
Company overview
NEXTracker company information
The essential company record, classifications and operating signals in one place.
- Status
- Acquired
- Founded
- 2013
- Headquarters
- Fremont, United States
- Employees
- 1,089
- Open positions
- 5
- Dealroom signal
- 76.5
- Investment activity
- 8 companies · latest Jun 2026
- Capital deployed
- —
- Preferred round
- ACQUISITION
Valuation & funding
NEXTracker funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| GRANTOther financing | Oct 2025 | $0 | — | Australian Renewable Energy Agency | ↗ |
| POST IPO EQUITYOther financing | Sep 2025 | $500M | — | PNC · JP Morgan | ↗ |
| IPOOther financing | Feb 2023 | $0 | — | Undisclosed | — |
| CONVERTIBLEOther financing | Feb 2022 | $500M | — | The Rise Fund (TPG) | ↗ |
| ACQUISITIONOther financing | Sep 2015 | $330M | — | FLEX | — |
| EARLY VCOther financing | Jul 2015 | Undisclosed | — | ||
| SERIES BOther financing | Feb 2015 | SJF Ventures | — | ||
| EARLY VCOther financing | Dec 2014 | Undisclosed | — | ||
| EARLY VCOther financing | Feb 2014 | Undisclosed | — |
Financials
Revenue, earnings and profit over time
Reported history and available estimates. Estimated years are marked “E”; sparse fields are left blank rather than inferred.
| Year | Revenue | Growth | EBITDA | Margin |
|---|---|---|---|---|
| 2026 | $3.6B | +20.3% | $747M | 21% |
| 2025 | $3B | +18.4% | $675M | 22.8% |
| 2024 | $2.5B | +31.4% | $626M | 25% |
| 2023 | $1.9B | +30.5% | $173M | 9.1% |
| 2022 | $1.5B | +21.9% | $77M | 5.3% |
| 2021 | $1.2B | +2.1% | $175M | 14.7% |
| 2020 | $1.2B | — | $167M | 14.2% |
Growth signals
NEXTracker website traffic
Latest recorded traffic for NEXTracker is 11K monthly website visits, up 0% over the last three months. NEXTracker's team grew 106.3% over the past year.
Hiring
Open positions at NEXTracker
Current openings linked to this company in Dealroom.
Comparisons
NEXTracker compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
| Company | Headquarters | Status | Employees | Total funding | Valuation |
|---|---|---|---|---|---|
 Dracula TechnologiesPrinted organic photovoltaics for battery-free IoT devices. |
Valence, France | Operational | 52 | $47M | $132M |
 NovaledProvides proprietary organic materials and technologies for superior OLEDs in display, lighting and high performance OSC |
Dresden, Germany | Acquired | |||
 TerraSparkSpace-based solar power for off-grid energy needs |
Mondercange, Luxembourg | Operational | |||
 EnfoilA producer of solar energy enabling foil |
Genk, Belgium | Operational | |||
 HeliupDevelops, produces and commercializes lightweight solar PV modules dedicated to large rooftops for commercial and industrial buildings |
Le Bourget-du-Lac, France | Operational | |||
 GraphEnergyTechUnleashing the power of graphene for solar cells |
Lausanne, Switzerland | Operational | |||
 VolateqSolar analytics softwares for automated monitoring of solar fields |
Hilden, Germany | Operational | |||
 PerovskiaCleantech startup that provides customizable perovskite solar cells |
Aubonne, Switzerland | Operational |
Capital deployed
NEXTracker investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Zimmermann PV-Steel GroupEberhardzell, GermanyMounting structures for photovoltaic solar installations.
$363Mvaluation
Apex Power ConversionMesa, United StatesUtility-scale power conversion technology for renewable energy.
→
Origami SolarSacramento, United StatesOrigami Solar is reversing the solar's reliance on aluminum, unlocking cost savings and lowering environmental impact (GHG) with innovative steel module frames
→
OnSight TechnologyFolsom, United States
→
BentekSan Jose, United StatesTurn-key power distribution system designer, integrator, manufacturer and logistics provider
→
Solar Pile InternationalCentral and Western District, Hong KongFoundation systems for utility-scale solar farms, particularly in challenging soil conditions
$48Mvaluation
OjjoSan Rafael, United StatesSpecializes in providing renewable energy using solar panel set up
$119Mvaluation
BrightBox TechnologiesBerkeley, United StatesBrightBox Technologies, AutoCx, VAV Testing
→
Talent graph
NEXTracker's talent
Source: Dealroom Talent Intelligence.
Investors
6 investors on NEXTracker's cap table
Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.
Global footprint
Where NEXTracker has talent and traffic
team presence
In the news
Latest news about NEXTracker
Recent press, funding announcements, and product moves mentioning NEXTracker — open to read from the original sources.
Market sentiment
What the market is saying about NEXTracker
An AI-synthesized read of the highest-engagement posts about NEXTracker on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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