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0 0.0107245618624116 0.0107245618624116 0.00915511378498546 0.00915511378498546 0.0112477112215537 -0.0209259743656815 0.0258958932775306
Stock impact report

Q4 Earnings Highs And Lows: Nextracker (NASDAQ:NXT) Vs The Rest Of The Renewable Energy Stocks [Yahoo! Finance]

Nextpower Inc. - Class A (NXT) 
Company Research Source: Yahoo! Finance
Renewable energy companies are buoyed by the secular trend of green energy that is upending traditional power generation. Those who innovate and evolve with this dynamic market can win share while those who continue to rely on legacy technologies can see diminishing demand, which includes headwinds from increasing regulation against “dirty” energy. Additionally, these companies are at the whim of economic cycles, as interest rates can impact the willingness to invest in renewable energy projects. The 17 renewable energy stocks we track reported a mixed Q4. As a group, revenues missed analysts' consensus estimates by 4.6% while next quarter's revenue guidance was 0.6% above. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 22.5% since the latest earnings results. With its technology playing a key role in the massive 1.2 gigawatt Noor Abu Dabhi solar farm project, Nextracker (NASDAQ:NXT) is a provider of solar tracker systems tha Show less Read more
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