The stock’s impressive growth in the early days of 2025 has put it far ahead of the S&P 500. As of now, Nextracker is up +33.35% year-to-date (YTD), while the S&P 500 has only seen a modest increase of +2.59%. This stark difference highlights Nextracker’s strength in the market and its positioning as a key player in the renewable energy sector.

That led to the stock surging as much as 26.2% and pushed analysts to raise price targets on the shares. As of 11:20 a.m. ET, Nextracker stock remained higher by 21.9%.

Thank you, and good afternoon, everyone. Welcome to Nextracker's third quarter fiscal year 2025 earnings call. I'm Sarah Lee, Head of Investor Relations. I'm joined by Dan Shugar, our CEO and Founder; Howard Wenger, our President; and Chuck Boynton, our CFO. Following our prepared remarks, we will transition to a Q&A session.