Nextpower is the leading solar tracker supplier in the United States, holding 55% of the domestic market and about 30% of the global market. Its trackers orient panels toward the sun and can increase energy production by nearly 30%. The company, which has a market capitalization of $15 billion, is expanding into batteries, inverters, solar structures and electrical components through a series of acquisitions. Its order backlog has grown from $2 billion to more than $6 billion in four years, while battery storage is becoming increasingly important for data centers and other electricity-intensive industries. The elimination of tax credits for solar and wind projects remains a major risk, but most projects already in development are expected to retain their incentives through 2030.
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