Nextracker Inks Multi-Year Agreement To Supply Strata Solar Power Projects - NEXTracker (NASDAQ:NXT)

Nextracker Inc NXT has signed a multi-year volume commitment agreement with Strata Clean Energy to supply trackers. The financial terms were not disclosed.
The company will supply 810 megawatts (MW) of trackers for large-scale solar power projects in Texas, Arizona, and Virginia.
Consistent with Nextracker's campaign to grow its partnerships with U.S. suppliers, much of the equipment will be sourced from U.S. factories.
"Nextracker's leading-edge solar tracking technology enables a light-on-land approach that minimizes grading, maximizes energy performance, and incorporates clean US-made steel, creating energy jobs benefitting the US economy,” said Strata Clean Energy CEO Markus Wilhelm.
Nextracker’s products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance.
Price Action: NXT shares closed higher by 4.10% at $32.52 on Tuesday.
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