Nextracker (NXT) Expected to Announce Quarterly Earnings on Tuesday

Nextracker (NASDAQ:NXT - Get Free Report) is anticipated to post its Q1 2026 quarterly earnings results after the market closes on Tuesday, July 29th. Analysts expect Nextracker to post earnings of $1.03 per share and revenue of $847.83 million for the quarter.

Nextracker Stock Performance

Shares of Nextracker stock opened at $62.76 on Tuesday. Nextracker has a 52-week low of $30.93 and a 52-week high of $67.87. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 1.55 and a beta of 2.25. The company's 50 day moving average price is $58.93 and its 200-day moving average price is $48.81.

Insider Transactions at Nextracker

In other Nextracker news, insider Bruce Ledesma sold 83,561 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $55.71, for a total transaction of $4,655,183.31. Following the completion of the transaction, the insider owned 195,790 shares of the company's stock, valued at approximately $10,907,460.90. This trade represents a 29.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Howard Wenger sold 6,066 shares of Nextracker stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $55.00, for a total value of $333,630.00. Following the completion of the transaction, the president owned 219,389 shares in the company, valued at $12,066,395. The trade was a 2.69% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 210,476 shares of company stock valued at $12,169,880. Company insiders own 0.56% of the company's stock.

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 grew its stake in shares of Nextracker Inc. (NASDAQ:NXT - Free Report) by 19.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 437,490 shares of the company's stock after acquiring 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. Institutional investors and hedge funds own 67.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Robert W. Baird upped their price target on shares of Nextracker from $67.00 to $76.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Truist Financial lifted their target price on Nextracker from $49.00 to $65.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Wall Street Zen raised Nextracker from a "buy" rating to a "strong-buy" rating in a report on Friday. Piper Sandler reaffirmed an "overweight" rating on shares of Nextracker in a report on Thursday, May 15th. Finally, BMO Capital Markets lifted their target price on Nextracker from $51.00 to $59.00 and gave the stock a "market perform" rating in a report on Thursday, May 15th. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $62.05.

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.

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