Nextracker Inc.

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in UiPath Inc (Symbol: PATH), where a total volume of 297,711 contracts has been traded thus far today, a contract volume which is representative of approximately 29.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 80.5% of PATH's average daily trading volume over the past month, of 37.0 million shares. Particularly high volume was seen for the $20 strike call option expiring January 16, 2026, with 134,106 contracts trading so far today, representing approximately 13.4 million underlying shares of PATH. Below is a chart showing PATH's trailing twelve month trading history, with the $20 strike highlighted in orange:
Nextracker Inc (Symbol: NXT) saw options trading volume of 18,850 contracts, representing approximately 1.9 million underlying shares or approximately 80.4% of NXT's average daily trading volume over the past month, of 2.3 million shares. Especially high volume was seen for the $85 strike put option expiring November 21, 2025, with 3,920 contracts trading so far today, representing approximately 392,000 underlying shares of NXT. Below is a chart showing NXT's trailing twelve month trading history, with the $85 strike highlighted in orange:
And Teekay Tankers Ltd (Symbol: TNK) options are showing a volume of 4,142 contracts thus far today. That number of contracts represents approximately 414,200 underlying shares, working out to a sizeable 79.2% of TNK's average daily trading volume over the past month, of 523,160 shares. Especially high volume was seen for the $60 strike call option expiring November 21, 2025, with 2,073 contracts trading so far today, representing approximately 207,300 underlying shares of TNK. Below is a chart showing TNK's trailing twelve month trading history, with the $60 strike highlighted in orange:
For the various different available expirations for PATH options, NXT options, or TNK options, visit StockOptionsChannel.com.
Also see:
Cheap Stocks To Watch
Top Ten Hedge Funds Holding TDV
RTEC Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable Friday Option Activity: PATH, NXT, TNK

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Nextracker (NXT) Q2 2026 Earnings Call Transcript

(RTTNews) - Nextracker Inc. (NXT) reported earnings for its second quarter that Increases, from last year
The company's earnings totaled $146.86 million, or $0.97 per share. This compares with $115.39 million, or $0.79 per share, last year.
Excluding items, Nextracker Inc. reported adjusted earnings of $181 million or $1.19 per share for the period.
The company's revenue for the period rose 42.4% to $905.27 million from $635.57 million last year.
Nextracker Inc. earnings at a glance (GAAP) :
-Earnings: $146.86 Mln. vs. $115.39 Mln. last year. -EPS: $0.97 vs. $0.79 last year. -Revenue: $905.27 Mln vs. $635.57 Mln last year.
-Guidance: Full year EPS guidance: $4.04 to $4.25 Full year revenue guidance: $3.275 to $3.475 Bln
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Nextracker Inc. Reveals Climb In Q2 Income

Nextracker (NXT) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +20.20%. A quarter ago, it was expected that this solar energy equipment supplier would post earnings of $1.04 per share when it actually produced earnings of $1.16, delivering a surprise of +11.54%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Nextracker, which belongs to the Zacks Solar industry, posted revenues of $905.27 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 9.42%. This compares to year-ago revenues of $635.57 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Nextracker shares have added about 139.7% since the beginning of the year versus the S&P 500's gain of 13.9%.
What's Next for Nextracker?
While Nextracker has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Nextracker was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.01 on $820.88 million in revenues for the coming quarter and $4.12 on $3.34 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Solar is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Shoals Technologies Group (SHLS), is yet to report results for the quarter ended September 2025. The results are expected to be released on November 4.
This solar energy equipment supplier is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of +50%. The consensus EPS estimate for the quarter has been revised 3.2% higher over the last 30 days to the current level.
Shoals Technologies Group's revenues are expected to be $130.33 million, up 27.6% from the year-ago quarter.
Should You Invest in Nextracker Inc. (NXT)?
Before you invest in Nextracker Inc. (NXT), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Nextracker (NXT) Q2 Earnings and Revenues Beat Estimates

The following companies are expected to report earnings after hours on 10/23/2025. Visit our Earnings Calendar for a full list of expected earnings releases.
Intel Corporation (INTC)is reporting for the quarter ending September 30, 2025. The semiconductor company's consensus earnings per share forecast from the 12 analysts that follow the stock is $-0.11. This value represents a 82.54% increase compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for INTC is -87.90 vs. an industry ratio of -6.50.
Newmont Corporation (NEM)is reporting for the quarter ending September 30, 2025. The gold mining company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.29. This value represents a 59.26% increase compared to the same quarter last year. NEM missed the consensus earnings per share in the 3rd calendar quarter of 2024 by -2.41%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for NEM is 15.40 vs. an industry ratio of 2.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Norfolk Southern Corporation (NSC)is reporting for the quarter ending September 30, 2025. The transportation (rail) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $3.18. This value represents a 2.15% decrease compared to the same quarter last year. NSC missed the consensus earnings per share in the 1st calendar quarter of 2025 by -1.1%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for NSC is 23.18 vs. an industry ratio of 17.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Digital Realty Trust, Inc. (DLR)is reporting for the quarter ending September 30, 2025. The reit company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.78. This value represents a 6.59% increase compared to the same quarter last year. In the past year DLR has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2025 Price to Earnings ratio for DLR is 23.91 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Ford Motor Company (F)is reporting for the quarter ending September 30, 2025. The auto (domestic) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.38. This value represents a 22.45% decrease compared to the same quarter last year. In the past year F has met analyst expectations once and beat the expectations the other two quarters. Zacks Investment Research reports that the 2025 Price to Earnings ratio for F is 10.90 vs. an industry ratio of 94.40.
Baker Hughes Company (BKR)is reporting for the quarter ending September 30, 2025. The oil (field services) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.61. This value represents a 8.96% decrease compared to the same quarter last year. In the past year BKR has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 14.55%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for BKR is 19.71 vs. an industry ratio of -8.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Comfort Systems USA, Inc. (FIX)is reporting for the quarter ending September 30, 2025. The building company's consensus earnings per share forecast from the 3 analysts that follow the stock is $6.20. This value represents a 51.59% increase compared to the same quarter last year. In the past year FIX has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 39.53%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for FIX is 34.17 vs. an industry ratio of 21.30, implying that they will have a higher earnings growth than their competitors in the same industry.
SS&C Technologies Holdings, Inc. (SSNC)is reporting for the quarter ending September 30, 2025. The computer software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.33. This value represents a 17.70% increase compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for SSNC is 15.45 vs. an industry ratio of 23.30.
Deckers Outdoor Corporation (DECK)is reporting for the quarter ending September 30, 2025. The retail (shoe) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.58. This value represents a 0.63% decrease compared to the same quarter last year. In the past year DECK has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 36.76%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for DECK is 15.99 vs. an industry ratio of 21.50.
Nextracker Inc. (NXT)is reporting for the quarter ending September 30, 2025. The solar company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.82. This value represents a 1.23% increase compared to the same quarter last year. In the past year NXT has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 16.67%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for NXT is 25.01 vs. an industry ratio of 9.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Healthpeak Properties, Inc. (DOC)is reporting for the quarter ending September 30, 2025. The reit company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.45. This value represents a no change for the same quarter last year. In the past year DOC has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2025 Price to Earnings ratio for DOC is 10.17 vs. an industry ratio of 12.90.
Kinsale Capital Group, Inc. (KNSL)is reporting for the quarter ending September 30, 2025. The insurance (property & casualty) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $4.79. This value represents a 14.05% increase compared to the same quarter last year. In the past year KNSL has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 8.39%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for KNSL is 24.54 vs. an industry ratio of 12.80, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

After-Hours Earnings Report for October 23, 2025 : INTC, NEM, NSC, DLR, F, BKR, FIX, SSNC, DECK, NXT, DOC, KNSL

Enphase Energy, Inc. ENPH recently began U.S. pre-orders for its new IQ9N-3P Commercial Microinverter, the company’s first microinverter built with advanced gallium nitride (GaN) technology.
The IQ9N-3P Microinverter comes with an industry-leading 25-year limited warranty, while the accompanying IQ Gateway Commercial Pro includes a 15-year limited warranty. Both products are now available for pre-order in the United States through Enphase distribution partners, with production shipments scheduled to begin in December 2025.
This reflects yet another effort of Enphase Energy to expand its footprint in the rising global solar market.
Benefits of Enphase’s IQ9N-3P Microinverters
The IQ9N-3P Commercial Microinverter streamlines system design, reduces installation and balance-of-system costs and enhances overall efficiency for 480-voltage (V) commercial projects. By leveraging GaN technology instead of traditional silicon components, it delivers faster switching, cooler operation, greater reliability and an industry-leading 97.5% efficiency.
Its compact, high-performance design supports a continuous direct current of 16 amperes and delivers up to 427 Volt-Ampere of peak output power, making it compatible with high-power solar panels up to 600 watts. By eliminating single points of failure, simplifying replacement and enabling per-panel monitoring through the Enphase App, the microinverter helps asset owners lower long-term operational costs while improving system visibility and reliability.
ENPH’s Global Expansion Efforts
Per a report published by ScienceDirect, factors like favorable government regulations for solar installations aimed at promoting clean energy sources have been boosting the global solar energy market.
According to a Mordor Intelligence report, the global solar energy market size in terms of the installed base is expected to witness a CAGR of 21.6% during the 2025-2030 period. This strong market outlook presents significant growth opportunities for leading solar companies such as Enphase Energy.
In August 2025, ENPH rolled out innovative software that empowers homeowners with existing IQ7 Microinverter systems to seamlessly expand their solar capacity using IQ8 Microinverters. Following a successful launch earlier this year in North America, Europe and other key markets, the software is now available in Australia, India, South Africa and the Philippines.
In July 2025, ENPH expanded its European product lineup to better serve customers, delivering the first IQ8P Microinverters offering 480 W peak alternative current power to Italy and Switzerland.
Such expansion of its product offerings should significantly boost the shipment of Enphase’s products, bolstering its revenue growth in the coming quarters.
Other Stocks to Watch
Other prominent solar players like Nextracker Inc. NXT, Canadian Solar Inc. CSIQ and SolarEdge Technologies SEDG are also expanding their footprint to reap the benefits of the expanding global solar energy market.
In August 2025, Nextracker was chosen by Casa dos Ventos to supply 1.5 gigawatts of its NX Horizon-XTR all-terrain and NX Horizon solar tracker systems for a portfolio of four new utility-scale solar and solar-wind hybrid projects in Brazil.
NXT boasts a long-term (three to five years) earnings growth rate of 12.5%. The Zacks Consensus Estimate for 2025 sales is pegged at $3.33 billion, which implies an improvement of 12.6%.
In July 2025, Canadian Solar’s subsidiary, Recurrent Energy, secured $260 million in financing for the Blue Moon Solar Project in Kentucky. Earlier, in April 2025, the company announced the successful operation of its 127-megawatt solar project in Northeast Louisiana.
The Zacks Consensus Estimate for CSIQ’s 2025 sales is pegged at $5.92 billion, which indicates a decline of 1.3%. The Zacks Consensus Estimate for its 2025 earnings per share (EPS) stands at a loss of $1.74.
In July 2025, SolarEdge signed an agreement with Solar Landscape to provide its U.S.-manufactured solar technology for more than 500 commercial rooftop projects across multiple states, scheduled for construction in 2025 and 2026.
The Zacks Consensus Estimate for SEDG’s 2025 sales is pegged at $1.15 billion, which suggests an improvement of 24.5%. The Zacks Consensus Estimate for its 2025 EPS is pegged at a loss of $3.05.
ENPH Stock Price Movement
In the past month, shares of Enphase Energy have risen 19.2% compared with the industry’s growth of 20.7%.
Image Source: Zacks Investment Research
ENPH’s Zacks Rank
The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

ENPH Starts US Pre-Orders for IQ9 Commercial Microinverters With GaN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Rocket Companies Inc Class A (Symbol: RKT), where a total volume of 109,171 contracts has been traded thus far today, a contract volume which is representative of approximately 10.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 61.1% of RKT's average daily trading volume over the past month, of 17.9 million shares. Especially high volume was seen for the $18 strike put option expiring January 16, 2026, with 15,243 contracts trading so far today, representing approximately 1.5 million underlying shares of RKT. Below is a chart showing RKT's trailing twelve month trading history, with the $18 strike highlighted in orange:
Nextracker Inc (Symbol: NXT) options are showing a volume of 14,900 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 61% of NXT's average daily trading volume over the past month, of 2.4 million shares. Especially high volume was seen for the $60 strike put option expiring February 20, 2026, with 4,016 contracts trading so far today, representing approximately 401,600 underlying shares of NXT. Below is a chart showing NXT's trailing twelve month trading history, with the $60 strike highlighted in orange:
And PG&E Corp (Symbol: PCG) saw options trading volume of 132,496 contracts, representing approximately 13.2 million underlying shares or approximately 58.9% of PCG's average daily trading volume over the past month, of 22.5 million shares. Particularly high volume was seen for the $16.50 strike call option expiring September 19, 2025, with 52,997 contracts trading so far today, representing approximately 5.3 million underlying shares of PCG. Below is a chart showing PCG's trailing twelve month trading history, with the $16.50 strike highlighted in orange:
For the various different available expirations for RKT options, NXT options, or PCG options, visit StockOptionsChannel.com.
Also see:
Deere Average Annual Return
Top Ten Hedge Funds Holding DFND
INOD Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy Thursday Option Activity: RKT, NXT, PCG

For Immediate Release
Chicago, IL – August 27, 2025– Today, Zacks Investment Ideas feature highlights SolarEdge Technologies SEDG, Nextracker Inc. NXT, Sunrun RUN, Array Technologies ARRY and Shoals Technologies Group SHLS.
Can Solar Power the AI Boom? Top Stocks to Watch
For the first time in its history, the digital economy faces a true energy bottleneck. Artificial intelligence and the hyperscale data centers that support it are so compute and power hungry that the existing US grid is straining to keep up and may soon be unable to meet demand.
To put this into perspective: the largest hyperscale campuses are now approaching 1 gigawatt (GW) of demand, nearly a tenth of the electricity New York City uses on a peak summer day. Meta is even planning a 5 GW campus, and forecasts suggest that US data centers could eventually consume a quarter of the nation's electricity capacity, requiring the grid to add the equivalent of several New York Cities just to keep pace.
Today, data center power usage sits around 55 GW, ~4% of total electricity output, and is expected to reach 85 GW by 2027. This number is expected to surge to 300 GW by 2030. With the US grid capacity at about 1,250 GW, that would mean AI data centers alone could absorb nearly 25% of total capacity.
So far, the conversation has revolved around nuclear and natural gas as solutions to this energy crunch. But one overlooked source is starting to show real potential is solar power. Multiple catalysts are aligning that could finally make solar a serious contender to help fuel the AI revolution, and savvy investors are beginning to take notice.
In the sections below, I'll explain why solar could emerge as a critical piece of the AI energy puzzle and highlight several solar stocks that look especially well positioned, including SolarEdge Technologies, Nextracker Inc., Sunrun, Array Technologies and Shoals Technologies Group. It's worth noting that solar names have already been quietly rallying this year, yet they still trade at depressed valuations after years of weak price action, setting the stage for what could be a powerful breakout if this theme catches on.
Solar Power's Latent Opportunities
I have long been skeptical of solar energy, but for the first time I'm changing my tune. The industry has matured, the business economics have improved dramatically, and the urgent need for scalable, easy-to-deploy power sources has never been greater.
Economic gains: Over the past decade, photovoltaic (PV) costs have dropped by roughly 90%, following the well-documented "learning curve" where costs decline about 20% each time global capacity doubles. Today, in many sunny regions, solar is already cheaper than coal or natural gas, both in upfront capital costs and ongoing operating expenses.
Battery technology: Storage is also catching up quickly. Lithium-ion battery pack costs fell 20% in the past year alone, hitting a record low of $115 per kWh. With battery costs down nearly 90% over the last decade, pairing solar with storage is rapidly becoming both technically viable and economically attractive, allowing solar to provide reliable 24/7 power.
Despite these advances, solar stocks still trade at depressed valuations after several years of severe underperformance, even though the economics have never been more compelling. With costs collapsing, storage breakthroughs accelerating, and demand from AI-driven data centers looming, the industry is at the edge of a major inflection point. For investors, this combination of improved fundamentals and beaten-down stock prices creates one of the more attractive opportunities in the entire clean energy space today.
How Big Could the Solar Industry Get?
Here, I want to share some very rough but eye-opening estimates on the growth potential of solar. Even under conservative assumptions, the opportunity is enormous.
A standard rule of thumb is that it takes about 10 acres of solar panels to generate 1 MW of power. That means a 1 GW hyperscale data center campus, the kind tech giants are now building to run AI workloads, would need 7,000 to 10,000 acres of panels, or roughly 11 to 15 square miles of land if powered entirely by solar.
Looking ahead, forecasts suggest US data centers could demand 130 GW of continuous power by 2030. To meet that with solar alone would require between 580 and 870 GWdc (gigawatts direct current) of new solar capacity, depending on efficiency. For context, the entire US solar fleet today stands at about 235 GWdc, meaning the industry would need to triple or quadruple in size within just a few years.
That buildout would represent hundreds of billions of dollars in new investment, potentially exceeding $1 trillion when paired with storage, and it would transform the economics of the entire solar supply chain. For investors, that scale of growth underscores why the sector, despite its current depressed valuations, could be sitting on one of the most powerful demand cycles in its history.
Solar Stocks to Buy (SEDG, NXT, RUN, ARRY, SHLS)
It's hard to overstate how attractive solar stocks look right now, even without considering the potential AI infrastructure catalyst. The industry as a whole is seeing improving business economics, strong growth forecasts, and valuations that range from reasonable to deeply discounted. Just as important, the stocks highlighted here have already shown powerful momentum year-to-date.
SolarEdge Technologies: Once a market darling, SolarEdge has been beaten down amid margin pressure and slowing residential demand. However, with shares trading at depressed valuations and demand for utility-scale inverters likely to rebound, SEDG offers contrarian upside if execution improves.
Though it isn't yet reflected by the Zacks rank, SEDG currently has a Zacks Rank #3 (Hold) rating, it has experienced some significant revisions higher to its earnings estimates. Though still negative, estimates have risen across the board with FY26 forecasts climbing by 68% in the last 60 days. Sales are also projected to grow by more than 24% both this and next year, showing strong demand expectations for the company's inverters.
Nextracker Inc.: As the leading provider of solar trackers, Nextracker directly benefits from the shift to utility-scale projects. Its technology boosts panel efficiency and lowers costs, making it a natural winner as large-scale solar buildouts accelerate. The stock has moved significantly higher this year, up 85%, yet the company still trades at just 16.6x forward earnings.
Sunrun: A pure play on residential solar, Sunrun has struggled under higher interest rates. But as financing conditions ease and consumer adoption of solar-plus-storage grows, RUN could be positioned for a strong recovery. Based on recent revisions, earnings are expected to inflect meaningfully positive over the next year.
Array Technologies: Like Nextracker, Array builds solar tracking systems that enhance utility-scale efficiency. With a global footprint and strong backlog, ARRY offers solid exposure to the utility-scale solar buildout at a reasonable valuation.
With earnings projected to grow 21.6% annually over the next three to five years and a forward earnings multiple of 14.2x, Array boasts a PEG ratio of 0.66. The combination of strong growth and reasonable valuation offers a compelling risk reward opportunity.
Shoals Technologies Group: Shoals specializes in balance-of-system components — wiring, connectors, and infrastructure that every solar farm needs. Its recurring demand base and high margins make it a steady, less flashy way to play the solar boom.
Shoals Technologies Group is in an especially advantaged vertical and is the only name in the group with a Zacks Rank #2 (Buy) rating, reflected by upward trending earnings revisions. The stock also made YTD highs this week and has a PEG ratio of 0.75, potentially limiting downside risk.
Solar's Role in Powering the AI Revolution
At this point, the cost of energy infrastructure is a relatively minor factor in the overall buildout of AI, as GPUs and advanced chips account for the bulk of expenses. The greater challenge lies in regulatory and permitting delays as well as industry adoption, which can hold back solar and storage projects far more than cost competitiveness. Ironically, fossil fuel infrastructure often faces fewer hurdles than renewables, creating a hurdle that policymakers will need to address if the US wants to meet AI-driven power demand with clean energy.
For investors, however, the opportunity is clear. The economics of solar and storage have never been stronger, valuations remain depressed after years of underperformance, and a once-in-a-generation demand catalyst is emerging as AI transforms the global economy. If AI data centers really do scale toward hundreds of gigawatts of demand, solar will almost certainly claim a portion, and potentially large share of that market, making now an opportune timeto consider exposure to the sector before the market fully prices in this growth.
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Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Zacks Investment Ideas feature highlights: SolarEdge Technologies, Nextracker, Sunrun, Array Technologies and Shoals Technologies

For the first time in its history, the digital economy faces a true energy bottleneck. Artificial intelligence and the hyperscale data centers that support it are so compute and power hungry that the existing US grid is straining to keep up and may soon be unable to meet demand.
To put this into perspective: the largest hyperscale campuses are now approaching 1 gigawatt (GW) of demand, nearly a tenth of the electricity New York City uses on a peak summer day. Meta is even planning a 5 GW campus, and forecasts suggest that US data centers could eventually consume a quarter of the nation’s electricity capacity, requiring the grid to add the equivalent of several New York Cities just to keep pace. Today, data center power usage sits around 55 GW, ~4% of total electricity output, and is expected to reach 85 GW by 2027. This number is expected to surge to 300 GW by 2030. With the US grid capacity at about 1,250 GW, that would mean AI data centers alone could absorb nearly 25% of total capacity.
So far, the conversation has revolved around nuclear and natural gas as solutions to this energy crunch. But one overlooked source is starting to show real potential is solar power. Multiple catalysts are aligning that could finally make solar a serious contender to help fuel the AI revolution, and savvy investors are beginning to take notice.
In the sections below, I’ll explain why solar could emerge as a critical piece of the AI energy puzzle and highlight several solar stocks that look especially well positioned, including SolarEdge Technologies (SEDG),Nextracker Inc. (NXT),Sunrun (RUN),Array Technologies (ARRY), and Shoals Technologies Group (SHLS). It’s worth noting that solar names have already been quietly rallying this year, yet they still trade at depressed valuations after years of weak price action, setting the stage for what could be a powerful breakout if this theme catches on.
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Solar Power’s Latent Opportunities
I have long been skeptical of solar energy, but for the first time I’m changing my tune. The industry has matured, the business economics have improved dramatically, and the urgent need for scalable, easy-to-deploy power sources has never been greater.
Economic gains: Over the past decade, photovoltaic (PV) costs have dropped by roughly 90%, following the well-documented “learning curve” where costs decline about 20% each time global capacity doubles. Today, in many sunny regions, solar is already cheaper than coal or natural gas, both in upfront capital costs and ongoing operating expenses.
Battery technology: Storage is also catching up quickly. Lithium-ion battery pack costs fell 20% in the past year alone, hitting a record low of $115 per kWh. With battery costs down nearly 90% over the last decade, pairing solar with storage is rapidly becoming both technically viable and economically attractive, allowing solar to provide reliable 24/7 power.
Despite these advances, solar stocks still trade at depressed valuations after several years of severe underperformance, even though the economics have never been more compelling. With costs collapsing, storage breakthroughs accelerating, and demand from AI-driven data centers looming, the industry is at the edge of a major inflection point. For investors, this combination of improved fundamentals and beaten-down stock prices creates one of the more attractive opportunities in the entire clean energy space today.
How Big Could the Solar Industry Get?
Here, I want to share some very rough but eye-opening estimates on the growth potential of solar. Even under conservative assumptions, the opportunity is enormous.
A standard rule of thumb is that it takes about 10 acres of solar panels to generate 1 MW of power. That means a 1 GW hyperscale data center campus, the kind tech giants are now building to run AI workloads, would need 7,000 to 10,000 acres of panels, or roughly 11 to 15 square miles of land if powered entirely by solar.
Looking ahead, forecasts suggest US data centers could demand 130 GW of continuous power by 2030. To meet that with solar alone would require between 580 and 870 GWdc (gigawatts direct current) of new solar capacity, depending on efficiency. For context, the entire US solar fleet today stands at about 235 GWdc, meaning the industry would need to triple or quadruple in size within just a few years.
That buildout would represent hundreds of billions of dollars in new investment, potentially exceeding $1 trillion when paired with storage, and it would transform the economics of the entire solar supply chain. For investors, that scale of growth underscores why the sector, despite its current depressed valuations, could be sitting on one of the most powerful demand cycles in its history.
Solar Stocks to Buy (SEDG, NXT, RUN, ARRY, SHLS)
It’s hard to overstate how attractive solar stocks look right now, even without considering the potential AI infrastructure catalyst. The industry as a whole is seeing improving business economics, strong growth forecasts, and valuations that range from reasonable to deeply discounted. Just as important, the stocks highlighted here have already shown powerful momentum year-to-date.
SolarEdge Technologies: Once a market darling, SolarEdge has been beaten down amid margin pressure and slowing residential demand. However, with shares trading at depressed valuations and demand for utility-scale inverters likely to rebound, SEDG offers contrarian upside if execution improves.
Though it isn’t yet reflected by the Zacks rank, SEDG currently has a Zacks Rank #3 (Hold) rating, it has experienced some significant revisions higher to its earnings estimates. Though still negative, estimates have risen across the board with FY26 forecasts climbing by 68% in the last 60 days. Sales are also projected to grow by more than 24% both this and next year, showing strong demand expectations for the company’s inverters.
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Nextracker Inc.: As the leading provider of solar trackers, Nextracker directly benefits from the shift to utility-scale projects. Its technology boosts panel efficiency and lowers costs, making it a natural winner as large-scale solar buildouts accelerate. The stock has moved significantly higher this year, up 85%, yet the company still trades at just 16.6x forward earnings.
Sunrun: A pure play on residential solar, Sunrun has struggled under higher interest rates. But as financing conditions ease and consumer adoption of solar-plus-storage grows, RUN could be positioned for a strong recovery. Based on recent revisions, earnings are expected to inflect meaningfully positive over the next year.
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Array Technologies: Like Nextracker, Array builds solar tracking systems that enhance utility-scale efficiency. With a global footprint and strong backlog, ARRY offers solid exposure to the utility-scale solar buildout at a reasonable valuation.
With earnings projected to grow 21.6% annually over the next three to five years and a forward earnings multiple of 14.2x, Array boasts a PEG ratio of 0.66. The combination of strong growth and reasonable valuation offers a compelling risk reward opportunity.
Shoals Technologies Group: Shoals specializes in balance-of-system components — wiring, connectors, and infrastructure that every solar farm needs. Its recurring demand base and high margins make it a steady, less flashy way to play the solar boom.
Shoals Technologies Group is in an especially advantaged vertical and is the only name in the group with a Zacks Rank #2 (Buy) rating, reflected by upward trending earnings revisions. The stock also made YTD highs this week and has a PEG ratio of 0.75, potentially limiting downside risk.
Solar’s Role in Powering the AI Revolution
At this point, the cost of energy infrastructure is a relatively minor factor in the overall buildout of AI, as GPUs and advanced chips account for the bulk of expenses. The greater challenge lies in regulatory and permitting delays as well as industry adoption, which can hold back solar and storage projects far more than cost competitiveness. Ironically, fossil fuel infrastructure often faces fewer hurdles than renewables, creating a hurdle that policymakers will need to address if the US wants to meet AI-driven power demand with clean energy.
For investors, however, the opportunity is clear. The economics of solar and storage have never been stronger, valuations remain depressed after years of underperformance, and a once-in-a-generation demand catalyst is emerging as AI transforms the global economy. If AI data centers really do scale toward hundreds of gigawatts of demand, solar will almost certainly claim a portion, and potentially large share of that market, making now an opportune timeto consider exposure to the sector before the market fully prices in this growth.
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Can Solar Power the AI Boom? Top Stocks to Watch

Solar energy stocks had been on a tear over the last few trading sessions thanks to a wave of favorable policy changes and investor optimism around clean energy incentives.
Prior to the rally, many solar stocks had lost momentum in recent months, stemming from news that they would no longer be as privy to federal tax credits.
However, the U.S. Treasury Department and IRS have released updated rules for clean energy tax credits that were less restrictive than expected, clarifying how solar projects qualify for federal incentives.
This has led to analysts, including those at UBS and Citi, to highlight the new rules as a win for solar developers. With uncertainty surrounding the solar industry being reduced, it may certainly be a more favorable time to invest in a power source that drastically reduces greenhouse gas emissions.
Solar energy is also one of the cheapest sources of electricity in many parts of the world, and has created a surplus of jobs in manufacturing, installation, and maintenance. In the U.S. alone, solar jobs have grown five times faster than the overall job market.
Keeping the strengthening outlook for the solar industry in mind, here are three stocks and an ETF that investors may want to consider in particular.
First Solar – FSLR
Zacks Rank #3 (Hold)
Seeing as the new Treasury guidance on tax credits is geared toward large-scale installations, First Solar FSLR is well-positioned to benefit as the largest solar panel manufacturer in the United States.
Thanks to its U.S.-based manufacturing, First Solar is expected to earn over $1 billion in credits this year, with analysts at UBS naming FSLR a top stock pick due to the company’s strong growth potential under the revised framework for the Inflation Reduction Act.
Looking more likely to hit projections of high double-digit top and bottom line growth in fiscal 2025 and FY26, First Solar stock has now rebounded and risen +20% year to date, but is still nearly 20% from its 52-week high of $262 a share.
Sunrun – RUN
Zacks Rank #3 (Hold)
In addition to the positive solar industry tax credit news, strong Q2 results a few weeks ago have made Sunrun RUN one of the hottest momentum stocks of late. Sunrun smashed Q2 earnings expectations, delivering a profit of $1.07 per share, with estimates calling for a loss of -$0.18 a share.
The driver for Sunrun’s jaw-dropping earnings beat was increased demand for solar and battery storage solutions. Achieving a record storage attachment rate during Q2, 70% of Sunrun’s customers added battery storage to their solar systems, with storage installations jumping 48% year over year.
Although EPS estimates for Sunrun have soared in the last 30 days for FY25 and FY26, this has been priced into its stock movement as RUN has skyrocketed +50% this month and is now sitting on gains of more than +65% YTD. Still, favorable policy changes could lead to a further uptick in the already positive trend of earnings estimate revisions, with RUN trading at $15 and edging closer to its 52-week high of $22 a share.
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Shoals – SHLS
Zacks Rank #2 (Buy)
Trading just above penny stock status at around $6 a share, the risk-to-reward looks favorable to invest in Shoals Technologies SHLS stock. With SHLS spiking over +10% this month and now up +8% for the year, Shoals' diverse portfolio of solar balance systems products has become attractive, which includes combine/re-combiner boxes, disconnect boxes, custom harnessing solutions, and junction boxes, among other equipment.
Going public in 2021, Shoals is already profitable, and investors have the opportunity to get in on the company’s expansion at a 71% discount to its IPO price of $21. Notably, Shoals’ top line is expected to expand 15% in FY25, with FY26 sales projected to increase another 18% to new peaks at over $540 million.
Shoals' annual earnings are currently slated to be up 8% this year to $0.38 per share, and FY26 EPS is forecasted to pop another 33% to over $0.50 and near the company’s all-time high. Reassuringly, Shoals’ FY25 and FY26 EPS estimates are nicely up in the last 30 days.
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Exposure Through the TAN ETF
For investors looking to divert some of the direct risk of individual stock picking among solar companies, the Invesco Solar ETF TAN is a way to do so.
Having an inception date that goes back to 2008, TAN currently lands a Zacks Rank #3 (Hold), with its largest holdings being First Solar and NexTracker NXT at over 9% respectively. Over 4% of this ETF's holdings are in Sunrun, with 2.82% in Shoals Technologies. TAN currently trades at $40 a share, spiking +13% in August, and is up +26% for the year.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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