Where Will Nextpower (NXT) Stock Be in 1 Year?

Nextpower (NASDAQ: NXT), the energy technology company formerly known as Nextracker, has roughly quadrupled in value since its IPO on Feb. 9, 2023. Let's examine what it does, why it has attracted so much attention, and whether it can sustain that momentum over the next 12 months.When the company went public as Nextracker, it primarily sold solar tracking systems that automatically adjusted solar panels to follow the sun throughout the day. That upgrade enables solar panels to generate roughly 15% to 25% more energy than stationary fixed-tilt systems.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool