Nextracker raises FY24 guidance, fuelled by high deliveries in US during Q3


Nextracker’s investment in R&D has more than trebled year-over-year in Q3 FY24, with US$12.9 million. Image: Nextracker.

US solar tracker manufacturer Nextracker has seen high deliveries in its US business with a 70% year-on-year increase in the third quarter of its fiscal year 2024, driving 38% quarterly revenue growth.

Coupled with the high performance of its financial results for Q3 FY24 – the period ending 31 December, 2023 – the company also raised its full-year guidance for FY24.

(The above content is reproduced from pv-tech,By Jonathan Touriño Jacobo)


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