Nextracker And Jennmar Holdings Subsidiary JM Steel Jointly Announced Completion Of Major Expansion Of Nextracker-dedicated Manufacturing Lines At JM Steel's Leetsdale Steel Facility Achieving 4 GW Of Capacity
Portfolio Pulse from Benzinga Newsdesk
Nextracker and JM Steel, a subsidiary of Jennmar Holdings, have completed a significant expansion of Nextracker-dedicated manufacturing lines at JM Steel's Leetsdale Steel Facility, reaching a capacity of 4 GW. This expansion is part of Nextracker's broader effort, marking 20 new or expanded U.S. manufacturing partner facilities since 2021, enabling the company to supply over 25 GW of U.S. solar tracker capacity annually.
April 26, 2024 | 10:39 am
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Nextracker's completion of a major expansion with JM Steel signifies a significant boost in its manufacturing capabilities, reaching a 4 GW capacity at the Leetsdale Steel Facility. This expansion is a key part of Nextracker's strategy to enhance its U.S. solar tracker capacity to over 25 GW annually.
The expansion directly impacts Nextracker's manufacturing capabilities and its ability to meet the growing demand for solar trackers in the U.S. market. This strategic move is likely to positively influence investor perception and Nextracker's market position, potentially leading to an increase in stock price in the short term.
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