Nextracker Inc. shares fall 3.30% premarket after launching new AI and robotics business initiative.

Nextracker Inc. declined 3.30% in premarket trading, with the company announcing the launch of a new AI and robotics business initiative. This initiative includes the appointment of its first chief AI and robotics officer and a series of strategic technology acquisitions, totaling over $40 million in investments over the past four quarters. These acquisitions are aimed at strengthening Nextracker’s end-to-end digital platform and enhancing solar power plant deployment, quality, reliability, and long-term return on investment (ROI) for asset owners.