Renewable energy will be the predominant power source for data centers, Nextracker CEO says [MSNBC.com]
Nextracker Inc. (NXT)
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Source: MSNBC.com
In this articlePhotoelectric modules at a solar farm in Hanstholm, Denmark. The solar panels are part of the renewable energy sources that power Apple's European data center in Viborg.Christoph Dernbach | Picture Alliance | Getty ImagesThe surging power needs of artificial intelligence and data centers will be met primarily with renewable energy — not fossil fuels, according to the CEO of a leading solar company.natural gas industryBut Dan Shugar, the CEO ofNextrackerNextracker builds systems that allow solar panels to track the position of the sun, increasing the efficiency of renewable power plants. The company has beat Wall Street expectations for four straight quarters. Nextracker has a backlog of more than $4 billion and has shipped 100 gigawatts to date, twice the peak power load of California.Nextracker shares are up 19% year to date and 37% over the past two months. About 80% of Wall Street analysts who cover the company rate its stock as buy or overweight, according to FactSe
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- Is Now The Time To Put Nextracker (NASDAQ:NXT) On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
- Nextracker Acquires Ojjo to Expand Utility-Scale Solar Tracker Foundations Business [Yahoo! Finance]Yahoo! Finance
- Nextracker Acquires Ojjo to Expand Utility-Scale Solar Tracker Foundations BusinessBusiness Wire
- Nextracker and Unimacts Dedicate Second Nevada Factory to Serve Solar Power Demand [Yahoo! Finance]Yahoo! Finance
- Nextracker and Unimacts Dedicate Second Nevada Factory to Serve Solar Power DemandBusiness Wire
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- 6/20/24 - Form 8-K
- 6/17/24 - Form 4
- 6/17/24 - Form 3
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