N
NEXTracker
Lower costs, better performance & more flexibility for solar power systems
About NEXTracker
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.
Source: Dealroom company dataAt a glance
- Status
- Listed
- Founded
- 2013
- Headquarters
- Fremont, United States
- Listing
- IPO 2015
- Employees
- 1,089
- Open positions
- 5
- Dealroom signal
- 76.5/100
- Industry
- Energy
- Sub-industry
- Clean Energy
- Sector
- Energy, Tracking, Solar Energy, Sustainable Development Goals, Became $1B as Subsidiary, Climate Tech, Renewable Energy, Became Thoroughbred as Subsidiary, DT and LS, science-based
- Technology
- Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
- Investment activity
- 8 companies, latest Jun 2026
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
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 | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
| 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
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.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on 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 |
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
→
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Australian Renewable Energy Agency
Series A2 investors entered at this stage
SJF Ventures
The Rise Fund (TPG)
Series B and later2 investors entered at this stage
PNC
JP Morgan
Other known investors1 additional known investor
FLEX
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about NEXTracker on X, ranked by likes and reposts, corporate channels excluded.
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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