Nextracker Inc. has been added to the Russell 2000 Value-Defensive Index, the Russell 2000 Growth-Defensive Index, and the Russell 2000 Defensive Index. These inclusions reflect the company's profile within various market segments tracked by the Russell indexes.
Inclusion in these widely followed indexes can enhance Nextracker's visibility among institutional investors and index funds. This often leads to increased demand for the company's shares as passive funds adjust their holdings to mirror the index composition.
The additions to these specific Russell indexes categorize Nextracker within segments that are recognized for their defensive characteristics, as well as their growth and value attributes, according to the index methodologies.
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