Nextracker is engaged in the provision of energy solution. Co. provides solar tracker and software solutions used in solar photovoltaic projects. Co.'s products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and improve plant performance. Co.'s tracking solutions portfolio include: NX Horizon that mounts a single line of panels along a tracker row; and NX Gemini, which is Co.'s two-in-portrait format tracker that holds two rows of solar panels along the central support beam. Co. also provides TrueCapture, a self-adjusting tracker control system for solar power plant. The NXT average annual return since 2023 is shown above.
The Average Annual Return on the NXT average annual return since 2023 page and across the coverage universe of our site,
is a measure of the annualized return over the past ten years (or specified start date) for a given investment
(up to the end of prior trading session recorded). Arguably, choosing ten years for a measurement
period is on the one hand completely arbitrary, but on the other hand provides a sufficiently long window
to capture long-term trends.
Thus, researching Average Annual Returns is good practice for investors — whether NXT average annual return since 2023 or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's annualized return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the NXT average annual return calculation with any dividends reinvested as applicable (on ex-dates).
|