Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi MM Team, Thank you for your guidance. So much appreciated. I just want to ask your opinion on Nextracker Inc (NXT.Nas). It is a provider of solar tracker and software solutions used in solar projects in various countries. It seems cheap and if the price possibly came down due to uncertainty about the influence of a ‘Trump win’ on the solar industry. Your thoughts will be much appreciated. Kind regards, Sue.
Hi Sue,
For people that aren’t familiar with US based/traded its a ~$US5bn energy solutions company which provides solar tracker and software solutions for utility-scale and distributed generation solar projects in the United States and internationally.
Firstly Trump is ahead at the bookmakers but with the US election just over 3-weeks away its a coin toss in our opinion. However, we don’t believe that’s the reason for the stocks sharp decline since June because that’s actually when Kamala Harris has improved the Democrats position in the polls since Joe Biden stood aside.
Analysts are concerned around delays and average solar demand which is likely to be flat to mid single digits into 2025. This will lead to a more aggressive fight for market share putting pressure on margins for their solar trackers.
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