Seaport downgrades Array Technologies on weak recovery, Brazil challenges [Yahoo! Finance]
Nextpower Inc. - Class A (NXT)
Company Research
Source: Yahoo! Finance
market share and margin gaps with its top competitor, Nextracker Inc (NASDAQ:NXT), as well as worsening conditions in Brazil, its largest foreign market. Despite improvements in deleveraging and a rebound in its U.S. win rate from Q3 2023 to Q3 2024, Array's turnaround efforts have not delivered the expected momentum, the firm said. Seaport highlighted that Nextracker remains dominant in key competitive metrics, with a growing backlog and higher margins, while Array's backlog remained flat sequentially at $2 billion. Challenges in Brazil, where Array saw over $50 million in canceled orders in Q4 2024, are compounding the company's struggles. A weakening Brazilian real, volatile interest rates, tax changes, and rising tariffs on steel and solar components have created a difficult operating environment. The company also took $165.9 million in non-cash impairment charges related to its 2022 acquisition of STI Norland. Seaport sees limited near-term catalysts for Array's stock a
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News
- Nextracker Inc. (NXT) is Attracting Investor Attention: Here is What You Should Know [Yahoo! Finance]Yahoo! Finance
- Nextpower (NASDAQ:NXT) was downgraded by analysts at Jefferies Financial Group Inc. from a "strong-buy" rating to a "hold" rating.MarketBeat
- 2031??160????????CAGR6.1%??????????????????? [CNET News]CNET News
- Nextracker (NXT) Sees a More Significant Dip Than Broader Market: Some Facts to Know [Yahoo! Finance]Yahoo! Finance
- Nextpower Opens Southeast Operations Hub and Doubles Manufacturing Capacity in Tennessee with Partner MSS Steel Tubes USABusiness Wire
NXT
Earnings
- 10/23/25 - Beat
NXT
Sec Filings
- 12/12/25 - Form 4
- 12/11/25 - Form 144
- 12/2/25 - Form 4
- NXT's page on the SEC website