Q1 Earnings Forecast for Nextracker Issued By KeyCorp

Nextracker Inc. (NASDAQ:NXT - Free Report) - Equities researchers at KeyCorp issued their Q1 2026 earnings per share estimates for Nextracker in a note issued to investors on Monday, July 7th. KeyCorp analyst S. Karp anticipates that the company will earn $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.

Other equities research analysts also recently issued reports about the stock. TD Cowen lifted their price target on shares of Nextracker from $47.00 to $55.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. Barclays raised their target price on shares of Nextracker from $58.00 to $64.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Bank of America boosted their price target on Nextracker from $55.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Wall Street Zen upgraded Nextracker from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, The Goldman Sachs Group lifted their price objective on Nextracker from $61.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $61.67.

Nextracker Stock Performance

Nextracker stock traded down $0.92 during midday trading on Thursday, reaching $61.70. 2,196,117 shares of the company were exchanged, compared to its average volume of 2,678,364. The firm's 50-day simple moving average is $57.20 and its 200-day simple moving average is $47.82. Nextracker has a 1 year low of $30.93 and a 1 year high of $67.87. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 1.60 and a beta of 2.25.

Institutional Investors Weigh In On Nextracker

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Nextracker by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 13,843,997 shares of the company's stock worth $505,721,000 after acquiring an additional 243,635 shares during the period. Wellington Management Group LLP lifted its position in shares of Nextracker by 56.5% during the first quarter. Wellington Management Group LLP now owns 5,237,833 shares of the company's stock worth $220,722,000 after purchasing an additional 1,890,445 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Nextracker by 52.2% in the fourth 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 period. Sachem Head Capital Management LP boosted its stake in shares of Nextracker by 4.3% in the fourth quarter. Sachem Head Capital Management LP now owns 2,977,500 shares of the company's stock valued at $108,768,000 after purchasing an additional 122,500 shares during the period. Finally, Norges Bank acquired a new stake in Nextracker during the 4th quarter valued at $106,166,000. Institutional investors and hedge funds own 67.41% of the company's stock.

Insider Buying and Selling at Nextracker

In related news, President Howard Wenger sold 5,216 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $65.00, for a total value of $339,040.00. Following the completion of the sale, the president directly owned 419,959 shares in the company, valued at approximately $27,297,335. This represents a 1.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Nicholas Marco Miller sold 5,588 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $57.32, for a total value of $320,304.16. Following the completion of the transaction, the chief operating officer directly owned 170,000 shares in the company, valued at $9,744,400. This trade represents a 3.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 210,476 shares of company stock valued at $12,169,880 in the last ninety days. Corporate insiders own 0.56% of the company's stock.

Nextracker Company Profile

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.