KeyCorp Estimates Nextracker's Q1 Earnings (NASDAQ:NXT)

Nextracker Inc. (NASDAQ:NXT - Free Report) - Equities research analysts at KeyCorp issued their Q1 2026 EPS estimates for Nextracker in a note issued to investors on Monday, July 7th. KeyCorp analyst S. Karp expects that the company will post earnings of $0.97 per share for the quarter. The consensus estimate for Nextracker's current full-year earnings is $3.29 per share. KeyCorp also issued estimates for Nextracker's Q2 2026 earnings at $0.78 EPS, Q3 2026 earnings at $0.80 EPS, Q4 2026 earnings at $0.87 EPS and FY2027 earnings at $3.85 EPS.

Several other equities research analysts also recently issued reports on the stock. Guggenheim downgraded shares of Nextracker from a "buy" rating to a "neutral" rating in a research note on Wednesday, May 14th. Susquehanna boosted their price objective on shares of Nextracker from $54.00 to $66.00 and gave the stock a "positive" rating in a research note on Thursday, May 15th. Roth Capital reiterated a "buy" rating and set a $70.00 price objective (up from $55.00) on shares of Nextracker in a research note on Thursday, May 15th. Robert W. Baird boosted their price objective on shares of Nextracker from $67.00 to $76.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, BMO Capital Markets boosted their price objective on shares of Nextracker from $51.00 to $59.00 and gave the stock a "market perform" rating in a research note on Thursday, May 15th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.67.

Nextracker Trading Down 1.7%

NXT traded down $1.05 during trading on Thursday, hitting $61.57. 1,248,743 shares of the company's stock were exchanged, compared to its average volume of 2,548,185. Nextracker has a 1 year low of $30.93 and a 1 year high of $67.87. The stock has a 50 day moving average price of $56.81 and a 200 day moving average price of $47.65. The firm has a market cap of $9.00 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 1.65 and a beta of 2.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NXT. Norges Bank bought a new stake in Nextracker in the 4th quarter valued at about $106,166,000. Wellington Management Group LLP lifted its position in Nextracker by 56.5% in the 1st quarter. Wellington Management Group LLP now owns 5,237,833 shares of the company's stock valued at $220,722,000 after purchasing an additional 1,890,445 shares during the last quarter. Encompass Capital Advisors LLC bought a new stake in Nextracker in the 4th quarter valued at about $55,690,000. Invesco Ltd. lifted its position in Nextracker by 52.2% in the 4th quarter. Invesco Ltd. now owns 3,874,875 shares of the company's stock valued at $141,549,000 after purchasing an additional 1,329,456 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in Nextracker in the 2nd quarter valued at about $58,122,000. 67.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Nextracker

In other news, insider Bruce Ledesma sold 83,561 shares of Nextracker stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $55.71, for a total value of $4,655,183.31. Following the completion of the transaction, the insider directly owned 195,790 shares of the company's stock, valued at approximately $10,907,460.90. The trade was a 29.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Nicholas Marco Miller sold 69,774 shares of Nextracker stock in a transaction dated Thursday, June 12th. The shares were 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 directly owned 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 210,476 shares of company stock valued at $12,169,880 in the last 90 days. 0.56% of the stock is currently owned by insiders.

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.