Cantor Fitzgerald Forecasts Nextracker FY2026 Earnings

Nextracker Inc. (NASDAQ:NXT - Free Report) - Equities research analysts at Cantor Fitzgerald issued their FY2026 earnings estimates for shares of Nextracker in a research note issued to investors on Monday, June 9th. Cantor Fitzgerald analyst D. Soderberg forecasts that the company will earn $3.26 per share for the year. The consensus estimate for Nextracker's current full-year earnings is $3.29 per share.

Several other research firms have also recently weighed in on NXT. Susquehanna raised their price objective on shares of Nextracker from $54.00 to $66.00 and gave the company a "positive" rating in a research report on Thursday, May 15th. Mizuho raised their price objective on shares of Nextracker from $60.00 to $67.00 and gave the company an "outperform" rating in a research report on Monday, June 2nd. Wells Fargo & Company raised their price objective on shares of Nextracker from $69.00 to $71.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. BMO Capital Markets raised their price objective on shares of Nextracker from $51.00 to $59.00 and gave the company a "market perform" rating in a research report on Thursday, May 15th. Finally, Roth Capital reaffirmed a "buy" rating and set a $70.00 target price (up previously from $55.00) on shares of Nextracker in a report on Thursday, May 15th. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Nextracker has an average rating of "Moderate Buy" and a consensus target price of $60.33.

Nextracker Price Performance

Shares of Nextracker stock traded up $1.29 on Wednesday, hitting $60.71. 1,622,768 shares of the company traded hands, compared to its average volume of 2,811,254. The firm's 50-day simple moving average is $49.25 and its 200 day simple moving average is $44.62. The company has a current ratio of 2.20, a quick ratio of 1.96 and a debt-to-equity ratio of 0.10. The company has a market cap of $8.88 billion, a P/E ratio of 15.45 and a beta of 2.39. Nextracker has a 12-month low of $30.93 and a 12-month high of $63.19.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NXT. Norges Bank purchased a new position in Nextracker in the fourth quarter worth about $106,166,000. Wellington Management Group LLP raised its holdings in Nextracker by 56.5% in the first quarter. Wellington Management Group LLP now owns 5,237,833 shares of the company's stock worth $220,722,000 after buying an additional 1,890,445 shares during the last quarter. Encompass Capital Advisors LLC purchased a new position in Nextracker in the fourth quarter worth about $55,690,000. Invesco Ltd. raised its holdings in Nextracker by 52.2% in the fourth quarter. Invesco Ltd. now owns 3,874,875 shares of the company's stock worth $141,549,000 after buying an additional 1,329,456 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Nextracker in the first quarter worth about $40,356,000. 67.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Nextracker

In related news, President Howard Wenger sold 6,066 shares of Nextracker stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $55.00, for a total transaction of $333,630.00. Following the completion of the transaction, the president now directly owns 219,389 shares of the company's stock, valued at $12,066,395. This trade represents a 2.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Nicholas Marco Miller sold 69,774 shares of Nextracker stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $59.65, for a total transaction of $4,162,019.10. Following the completion of the transaction, the chief operating officer now directly owns 175,216 shares of the company's stock, valued at $10,451,634.40. This trade represents a 28.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 199,672 shares of company stock valued at $11,510,536 in the last three months. Company insiders own 0.27% of the company's stock.

About Nextracker

Nextracker Inc, an energy solutions company, provides solar tracker and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.