Nextracker (NXT) Rises 18.6 Percent on Domestic Steel Partnership With T1 Energy—Has the Growth Story Changed?

On October 15, 2025, T1 Energy Inc. and Nextracker announced a long-term collaboration to utilize Nextracker’s patented steel module frame technology at T1 Energy’s new 5-GW G1_Dallas solar manufacturing facility, with Nextracker also planning to expand its Texas and Midwest steel frame production lines to support the partnership and workforce growth. This agreement aims to accelerate the shift from imported aluminum to American-made specialty steel solar frames, potentially reshoring manufacturing, supporting U.S. clean energy supply chains, and reducing exposure to tariffs and global supply risks. We'll explore how Nextracker’s expanded U.S. steel frame capacity and domestic supply focus may influence its investment narrative and growth prospects.

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Nextracker Investment Narrative Recap

To be a shareholder in Nextracker, you need to believe in the company's ability to leverage the U.S. clean energy push, localize supply chains, and maintain its technological edge while navigating a competitive, policy-driven solar market. The recent long-term agreement with T1 Energy to reshore steel frame production meaningfully addresses domestic supply risks, a major short-term catalyst, while also helping to reduce exposure to global pricing volatility, which has been one of the biggest risks. This news directly supports the view that U.S. manufacturing investments are central to Nextracker’s growth path.

Among recent announcements, Nextracker's September win with Casa dos Ventos in Brazil, supplying 1.5 GW of solar trackers, stands out by highlighting the company's international reach. However, compared to the T1 Energy deal, these global wins may carry more execution risk due to exposure to cost pressures and international competition. The T1 partnership, by contrast, improves visibility on US-centric growth and strengthens confidence in the company’s ability to capture benefits from domestic content requirements.

But while the US focus looks like a strength now, investors should pay close attention to how concentrated exposure to US policy can shift if...

Read the full narrative on Nextracker (it's free!)

Nextracker's narrative projects $4.3 billion in revenue and $663.3 million in earnings by 2028. This requires 11.8% yearly revenue growth and an increase of $118.6 million in earnings from the current $544.7 million.

Uncover how Nextracker's forecasts yield a $73.08 fair value, a 22% downside to its current price.

Story Continues

Exploring Other PerspectivesNXT Community Fair Values as at Oct 2025

Simply Wall St Community users provided four fair value estimates for Nextracker ranging from US$61.55 to US$90.68. While opinions span nearly US$30 per share, the growing importance of supply chain localization could weigh heavily on future valuations and your own outlook.

Explore 4 other fair value estimates on Nextracker - why the stock might be worth as much as $90.68!

Build Your Own Nextracker Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

A great starting point for your Nextracker research is our analysis highlighting 4 key rewards that could impact your investment decision. Our free Nextracker research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Nextracker's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NXT.

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