Nextracker Q4 Net Income Soars 710%, Revenue Up 42% on Robust Demand

Lower cost of sales and optimized supply chains led to the income surge

May 16, 2024

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Solar tracker firm Nextracker‘s fourth-quarter revenue jumped 42% to $737 million in financial year (FY) 2024 from $518 million last year, reflecting robust demand for its products. The demand was driven by 27% growth in the U.S. and 89% growth in the rest of the world.

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Arshreet Singh

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Nextracker Q4 Net Income Soars 710%, Revenue Up 42% on Robust Demand

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