Nextracker (NASDAQ:NXT) Posts Earnings Results, Beats Estimates By $0.02 EPS

Key Points

• Nextracker (NASDAQ:NXT) reported quarterly earnings of $1.05 per share, surpassing expectations by $0.02 EPS, with a net margin of 17.21%.
• The company updated its FY 2026 guidance to 3.960-4.270 EPS, indicating optimistic future performance.
• Wall Street analysts have mixed ratings for Nextracker, with a price target ranging from $59.00 to $80.00, showing a diverse outlook on the stock.

Nextracker (NASDAQ:NXT - Get Free Report) announced its earnings results on Tuesday. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.03 by $0.02, Zacks reports. The business had revenue of $864.25 million during the quarter, compared to the consensus estimate of $847.83 million. Nextracker had a net margin of 17.55% and a return on equity of 37.02%. Nextracker updated its FY 2026 guidance to 3.960-4.270 EPS.

Nextracker Stock Down 2.9%

Shares of NASDAQ:NXT traded down $1.69 during trading on Friday, hitting $56.57. 2,175,333 shares of the company were exchanged, compared to its average volume of 2,436,135. Nextracker has a 1-year low of $30.93 and a 1-year high of $67.87. The company has a market capitalization of $8.27 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 1.41 and a beta of 2.25. The business's 50 day moving average is $59.94 and its 200-day moving average is $50.10.

Analysts Set New Price Targets

NXT has been the subject of a number of research analyst reports. Truist Financial boosted their price objective on Nextracker from $49.00 to $65.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Northland Securities restated a "market perform" rating on shares of Nextracker in a research note on Wednesday. Wells Fargo & Company increased their price objective on Nextracker from $71.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday. UBS Group reissued a "buy" rating and issued a $75.00 target price (up previously from $71.00) on shares of Nextracker in a research report on Thursday. Finally, Bank of America lifted their price objective on shares of Nextracker from $66.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday. Nine investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $63.95.

Insider Transactions at Nextracker

In other news, President Howard Wenger sold 5,216 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $65.00, for a total transaction of $339,040.00. Following the sale, the president directly owned 419,959 shares in the company, valued at approximately $27,297,335. The trade was a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO David P. Bennett sold 9,801 shares of Nextracker stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $55.00, for a total transaction of $539,055.00. Following the sale, the chief accounting officer owned 124,615 shares in the company, valued at approximately $6,853,825. This represents a 7.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 210,476 shares of company stock worth $12,169,880. 0.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Nextracker

A hedge fund recently raised its stake in Nextracker stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Nextracker Inc. (NASDAQ:NXT - Free Report) by 19.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 437,490 shares of the company's stock after purchasing an additional 71,842 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.30% of Nextracker worth $18,436,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 67.41% 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.