10 Worst Performing Solar Stocks to Buy Now

2. Nextracker Inc. (NASDAQ:NXT)

6-Month Performance as of February 27: 15.29%

Number of Hedge Fund Holders: 41

Nextracker Inc. (NASDAQ:NXT) provides solar tracker and software solutions for utility-scale and distributed generation solar projects globally. It offers tracking solutions like NX Horizon and NX Horizon-XTR, along with TrueCapture, which is a self-adjusting tracker control system, and NX Navigator, which is a monitoring and control platform.

The company’s main business is providing solar tracking systems for large solar power plants. In FQ3 2025, it made $679 million in revenue, which was a 15% year-over-year increase. The order backlog reached a record high, significantly over $4.5 billion. In FQ3, 75% of its orders came from the US. It’s seeing increased demand for its Hail Pro-75 tracker and Hail Pro software, which are designed to protect systems during severe weather, and its XTR extreme terrain-following tracker, which reduces site grading costs. Internationally, the company won contracts in 13 countries across Latin America, Europe, Australia, and the MEIA region

Nextracker Inc. (NASDAQ:NXT) has expanded R&D facilities in the US, Brazil, and India, and partnered with UC Berkeley to establish the CALNEXT Center for Solar Energy Research. It also emphasizes domestic content and now ships 100% US domestic content trackers.