Acquisition StrategyNXT announced a $53mn all-cash acquisition of Origami Solar, a U.S. manufacturer of steel solar panel frames.
Backlog GrowthNextracker delivered another quarter of backlog growth, now +$4.75B with no cancellations and ~90%+ expected to convert over the next eight quarters.
Market PositionNXT was highlighted as a top pick given its large market share as a domestic producer, positioning it well for industry consolidation and product expansion.