Top-Rated StocksTop-RatedNASDAQ:NXT Nextracker (NXT) Stock Price, News & Analysis → The A.I. story nobody is telling you (Read ASAP) (From TradeSmith) (Ad) Free nxt Stock Alerts $43.76 +0.78 (+1.81%) (As of 04/26/2024 ET) Add Compare Share Share Today's Range$42.11▼$44.6550-Day Range$42.98▼$60.5452-Week Range$29.28▼$62.14Volume2.32 million shsAverage Volume3.09 million shsMarket Capitalization$5.97 billionP/E Ratio23.40Dividend YieldN/APrice Target$58.55 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Get Nextracker alerts: Email Address Nextracker MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.82 Rating ScoreUpside/Downside33.8% Upside$58.55 Price TargetShort InterestBearish8.82% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.30Based on 14 Articles This WeekInsider TradingSelling Shares$551,612 Sold Last QuarterProj. Earnings Growth7.23%From $2.35 to $2.52 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.38 out of 5 starsOils/Energy Sector33rd out of 239 stocksSearch & Navigation Equipment Industry2nd out of 11 stocks 4.4 Analyst's Opinion Consensus RatingNextracker has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 18 buy ratings, 4 hold ratings, and no sell ratings.Amount of Analyst CoverageNextracker has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted8.82% of the float of Nextracker has been sold short.Short Interest Ratio / Days to CoverNextracker has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Nextracker has recently increased by 16.80%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldNextracker does not currently pay a dividend.Dividend GrowthNextracker does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for NXT. Previous Next 2.9 News and Social Media Coverage News SentimentNextracker has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.43 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Nextracker this week, compared to 4 articles on an average week.Search Interest41 people have searched for NXT on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.MarketBeat Follows15 people have added Nextracker to their MarketBeat watchlist in the last 30 days. This is an increase of 7% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Nextracker insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $551,612.00 in company stock.Percentage Held by InsidersOnly 0.09% of the stock of Nextracker is held by insiders.Percentage Held by Institutions67.41% of the stock of Nextracker is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Nextracker are expected to grow by 7.23% in the coming year, from $2.35 to $2.52 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Nextracker is 23.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.67.Price to Earnings Ratio vs. SectorThe P/E ratio of Nextracker is 23.40, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.08.Price to Earnings Growth RatioNextracker has a PEG Ratio of 0.37. PEG Ratios below 1 indicate that a company could be undervalued. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsBetter than Bitcoin? The Biotech Stock with 46,751% Potential4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.Get the name of the stock here >>> About Nextracker Stock (NASDAQ:NXT)Nextracker Inc., an energy solutions company, provides solar tracker and software solutions for utility-scale and ground-mounted distributed generation solar projects worldwide. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; NX Gemini, a two-in-portrait format tracker, which holds two rows of solar panels along the central support beam; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain. It also provides monitoring and control software solutions including TrueCapture, a solar boosting power plant, which boost plant performance by correcting for shading and diffuse light conditions; and NX Navigator, a mitigating extreme weather risk navigator which helps to maintain optimum tracker equipment health and availability. The company was founded in 2013 and is headquartered in Fremont, California.Read More NXT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart NXT Stock News HeadlinesApril 4, 2024 | insidertrades.comNextracker Inc. (NASDAQ:NXT) Insider Sells $111,554.59 in StockApril 26, 2024 | bizjournals.comJM Steel to double capacity — and clean energy work — at growing steel plant in LeetsdaleApril 27, 2024 | Behind the Markets (Ad)Better than Bitcoin? The Biotech Stock with 46,751% Potential4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.April 26, 2024 | businesswire.comNextracker and JENNMAR Subsidiary JM Steel Bolster U.S. Supply Chain with New Facility Expansion to Triple Capacity for Solar Energy ProjectsApril 25, 2024 | finance.yahoo.comNextracker Inc. (NXT)April 24, 2024 | americanbankingnews.comNextracker (NASDAQ:NXT) Price Target Lowered to $60.00 at GuggenheimApril 23, 2024 | finance.yahoo.comNextracker Launches Industry’s First Low Carbon Solar Tracker SolutionApril 23, 2024 | businesswire.comNextracker Launches Industry's First Low Carbon Solar Tracker SolutionApril 27, 2024 | Behind the Markets (Ad)Better than Bitcoin? The Biotech Stock with 46,751% Potential4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.April 21, 2024 | americanbankingnews.comMizuho Lowers Nextracker (NASDAQ:NXT) Price Target to $59.00April 18, 2024 | nasdaq.comNextracker Breaks Below 200-Day Moving Average - Notable for NXTApril 18, 2024 | businesswire.comNextracker to Announce Fourth Quarter Fiscal 2024 and Full-Year Results on May 14, 2024April 13, 2024 | uk.investing.comNextracker shares target cut by Piper SandlerApril 11, 2024 | seekingalpha.comNextracker: Multiple Drivers To Aim For A Prosperous FutureApril 7, 2024 | investorplace.comThe 3 Best Growth Stocks to Buy in April 2024April 5, 2024 | investing.comNextracker COO sells over $440k in company stockApril 5, 2024 | investing.comNextracker executive Leah Schlesinger sells over $111k in stockApril 2, 2024 | msn.comNextracker cut, Array Technologies raised at Barclays in solar stock switchMarch 31, 2024 | nasdaq.comValidea Detailed Fundamental Analysis - NXTMarch 29, 2024 | finance.yahoo.comInstitutional owners may ignore Nextracker Inc.'s (NASDAQ:NXT) recent US$273m market cap decline as longer-term profits stay in the greenMarch 26, 2024 | investing.comNextracker shares initiated at Market Perform with $69 targetMarch 22, 2024 | msn.comNextracker's Solar Ascendancy: Analyst Forecasts Doubling of Addressable Market Despite Valuation HurdlesMarch 22, 2024 | markets.businessinsider.comNEXTracker, Inc.: Market Leader with Strong Growth Prospects, but Fully Valued – Maintaining Hold RatingMarch 22, 2024 | finance.yahoo.com3 Top-Ranked, Market-Beating Stocks to BuyMarch 18, 2024 | businesswire.comNextracker Announces Chuck Boynton as New Chief Financial OfficerMarch 17, 2024 | ca.finance.yahoo.comNXT Dec 2024 70.000 callMarch 16, 2024 | ca.finance.yahoo.comNXT Dec 2024 90.000 callSee More Headlines Receive NXT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Nextracker and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings1/31/2024Today4/27/2024Next Earnings (Confirmed)5/14/2024Fiscal Year End3/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Search & navigation equipment Sub-IndustryN/A Current SymbolNASDAQ:NXT CUSIPN/A CIK1852131 Webwww.nextracker.com Phone510-270-2500FaxN/AEmployees606Year FoundedN/APrice Target and Rating Average Stock Price Target$58.55 High Stock Price Target$71.00 Low Stock Price Target$43.00 Potential Upside/Downside+33.9%Consensus RatingModerate Buy Rating Score (0-4)2.86 Research Coverage22 Analysts Profitability EPS (Most Recent Fiscal Year)$1.87 Trailing P/E Ratio23.40 Forward P/E Ratio18.62 P/E Growth0.37Net Income$1.14 million Net Margins4.48% Pretax Margin16.00% Return on Equity-5.98% Return on Assets10.11% Debt Debt-to-Equity RatioN/A Current Ratio1.87 Quick Ratio1.60 Sales & Book Value Annual Sales$1.90 billion Price / Sales3.14 Cash Flow$0.26 per share Price / Cash Flow168.58 Book Value($21.35) per share Price / Book-2.05Miscellaneous Outstanding Shares136,540,000Free Float136,419,000Market Cap$5.97 billion OptionableNot Optionable Beta1.94 The 10 Best AI Stocks to Own in 2024Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.Get This Free Report Key ExecutivesMr. Daniel S. Shugar (Age 60)Co-Founder, CEO & Director Comp: $885.45kMr. Howard J. Wenger (Age 64)Director & President Comp: $785.63kMr. Nicholas Miller (Age 55)Co-Founder & COO Comp: $520.09kMr. David P. Bennett (Age 54)Chief Financial Officer Comp: $873.04kMr. Bruce R. Ledesma (Age 56)President of Strategy & Administration Comp: $758.54kMr. Marco GarciaCo-Founder & Chief Commercial OfficerMr. Alex AuCo-Founder & CTOMr. Mike MehawichCo-Founder & Chief Strategy OfficerMs. Leah Schlesinger Esq. (Age 60)General Counsel, Chief Ethics & Compliance Officer and Secretary Comp: $344.99kMs. Kristan KirshVice President of Global MarketingMore ExecutivesKey CompetitorsDT MidstreamNYSE:DTMEnLink MidstreamNYSE:ENLCKinetikNASDAQ:KNTKSM EnergyNYSE:SMNew Fortress EnergyNASDAQ:NFEView All CompetitorsInsiders & InstitutionsCaas Capital Management LPBought 900 shares on 4/27/2024Ownership: 0.000%Yousif Capital Management LLCBought 3,678 shares on 4/26/2024Ownership: 0.003%Farmers & Merchants Trust Co of Chambersburg PABought 438 shares on 4/26/2024Ownership: 0.000%New York State Teachers Retirement SystemBought 7,091 shares on 4/25/2024Ownership: 0.008%Lindbrook Capital LLCBought 602 shares on 4/25/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions NXT Stock Analysis - Frequently Asked Questions Should I buy or sell Nextracker stock right now? 22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nextracker in the last twelve months. There are currently 4 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NXT shares. View NXT analyst ratings or view top-rated stocks. What is Nextracker's stock price target for 2024? 22 brokers have issued 1-year price objectives for Nextracker's shares. Their NXT share price targets range from $43.00 to $71.00. On average, they anticipate the company's share price to reach $58.55 in the next twelve months. This suggests a possible upside of 33.8% from the stock's current price. View analysts price targets for NXT or view top-rated stocks among Wall Street analysts. How have NXT shares performed in 2024? Nextracker's stock was trading at $46.85 at the beginning of 2024. Since then, NXT stock has decreased by 6.6% and is now trading at $43.76. View the best growth stocks for 2024 here. Are investors shorting Nextracker? Nextracker saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 9,820,000 shares, an increase of 27.2% from the March 15th total of 7,720,000 shares. Based on an average daily trading volume, of 4,120,000 shares, the short-interest ratio is currently 2.4 days. Currently, 7.6% of the company's stock are short sold. View Nextracker's Short Interest. When is Nextracker's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our NXT earnings forecast. How can I listen to Nextracker's earnings call? Nextracker will be holding an earnings conference call on Tuesday, May 14th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link. How were Nextracker's earnings last quarter? Nextracker Inc. (NASDAQ:NXT) posted its quarterly earnings results on Wednesday, January, 31st. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.51. The firm earned $710.43 million during the quarter, compared to the consensus estimate of $615.53 million. Nextracker had a net margin of 4.48% and a negative trailing twelve-month return on equity of 5.98%. What ETFs hold Nextracker's stock? ETFs with the largest weight of Nextracker (NASDAQ:NXT) stock in their portfolio include Invesco Solar ETF (TAN), Global X Clean Tech ETF (CTEC), ALPS Clean Energy ETF (ACES), ProShares S&P Kensho Cleantech ETF (CTEX), iShares Global Clean Energy ETF (ICLN), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), SPDR S&P Kensho Clean Power ETF (CNRG) and Virtus Duff & Phelps Clean Energy ETF (VCLN). What guidance has Nextracker issued on next quarter's earnings? Nextracker issued an update on its FY 2024 earnings guidance on Wednesday, January, 31st. The company provided EPS guidance of 2.550-2.750 for the period, compared to the consensus EPS estimate of 2.120. The company issued revenue guidance of $2.4 billion-$2.5 billion, compared to the consensus revenue estimate of $2.3 billion. When did Nextracker IPO? Nextracker (NXT) raised $501 million in an initial public offering on Thursday, February 9th 2023. The company issued 23,300,000 shares at a price of $20.00-$23.00 per share. J.P. Morgan, BofA Securities, Citigroup, Barclays, Truist Securities, HSBC, BNP PARIBAS, Mizuho, Scotiabank and KeyBanc Capital Markets served as the underwriters for the IPO. Who are Nextracker's major shareholders? Nextracker's stock is owned by many different retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (1.16%), Allspring Global Investments Holdings LLC (0.33%), Seven Grand Managers LLC (0.22%), Raymond James & Associates (0.18%), Cookson Peirce & Co. Inc. (0.14%) and Renaissance Capital LLC (0.06%). Insiders that own company stock include Leah Schlesinger, Nicholas Marco Miller and Tpg Gp A, Llc. View institutional ownership trends. How do I buy shares of Nextracker? Shares of NXT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:NXT) was last updated on 4/27/2024 by MarketBeat.com Staff From Our PartnersThese AI trades triggered this morning (545% return)Prosper Trading AcademyConflict In Israel Sends Gold Soaring ???? 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