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NEXTracker
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Short description

Manufactures horizontal trackers for the solar PV market

Founded in 2013
Founded in

Company type Public Public (NXT)
Company type

Industry Group energy & power

Sector solar

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

Ticker

Headquarters Fremont, CA Fremont, United States
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Updated by Cleantech Group on 03/04/2025

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  • 1 M&A items
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Date Company
06/29/2015

Blattner Energy Blattner Energy

NEXTracker has signed a 1 GW supply agreement with Blattner Energy to deliver its single axis trackers to the EPC’s North American projects over the next two years.

Confirmed by Blattner Energy

Partnerships
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Date Partner Type
05/24/2022
Silicon Ranch Silicon Ranch
Master supply agreement for 1.5 GW of Nextracker solar tracker technology for Silicon Ranch projects for the next two years.
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Confirmed by Silicon Ranch
Technology Partner
Investment Rounds
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IPO INFORMATION

Date

02/01/2023

IPO status

Listed

IPO Type

IPO

Amount

$638M

Initial shares

Ticker symbol

NXT

Exchange listed

NASDAQ

Prospectus URL

Prospectus

Source URL

Source

Description

Nextracker sold 26.6 million shares of common stock at $24 raising $638 million in proceeds and gave the company a valuation of $3.5 billion.

Date Investors Type Amount
02/02/2022 TPG Rise Climate TPG Rise Climate (1)
Post-money valuation of
Nextracker and TPG Rise will partner to support long term growth and innovation.
Buyout / Late-Stage Private Equity $500,000,000
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