Nextracker Inc. (NASDAQ:NXT - Free Report) - Research analysts at Northland Capmk lifted their Q2 2026 EPS estimates for shares of Nextracker in a research note issued on Wednesday, July 30th. Northland Capmk analyst G. Richard now expects that the company will post earnings of $0.91 per share for the quarter, up from their prior estimate of $0.87. Northland Capmk currently has a "Hold" rating on the stock. The consensus estimate for Nextracker's current full-year earnings is $3.29 per share. Northland Capmk also issued estimates for Nextracker's Q3 2026 earnings at $0.86 EPS, Q4 2026 earnings at $0.65 EPS, FY2026 earnings at $3.49 EPS, Q1 2027 earnings at $0.69 EPS, Q2 2027 earnings at $0.83 EPS, Q3 2027 earnings at $0.70 EPS, Q4 2027 earnings at $0.71 EPS and FY2027 earnings at $2.92 EPS.
NXT has been the subject of several other research reports. Northland Securities reiterated a "market perform" rating on shares of Nextracker in a research report on Wednesday, July 30th. Guggenheim lowered shares of Nextracker from a "buy" rating to a "neutral" rating in a report on Wednesday, May 14th. Bank of America boosted their target price on shares of Nextracker from $66.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. BMO Capital Markets upped their target price on shares of Nextracker from $51.00 to $59.00 and gave the stock a "market perform" rating in a research report on Thursday, May 15th. Finally, Mizuho set a $66.00 price target on shares of Nextracker in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.37.
Read Our Latest Stock Report on Nextracker
Nextracker Stock Down 2.9%
NASDAQ:NXT opened at $56.57 on Monday. The business's 50-day simple moving average is $59.94 and its two-hundred day simple moving average is $50.19. Nextracker has a 52 week low of $30.93 and a 52 week high of $67.87. The stock has a market cap of $8.27 billion, a PE ratio of 15.41, a P/E/G ratio of 1.31 and a beta of 2.25.
Insider Activity
In other news, President Howard Wenger sold 6,066 shares of the 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 sale, the president owned 219,389 shares of the company's stock, valued at approximately $12,066,395. This represents a 2.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Nicholas Marco Miller sold 69,774 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $59.65, for a total transaction of $4,162,019.10. Following the completion of the sale, the chief operating officer owned 175,216 shares of the company's stock, valued at $10,451,634.40. This trade represents a 28.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 210,476 shares of company stock valued at $12,169,880 over the last ninety days. 0.56% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Nextracker
Hedge funds and other institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC grew its holdings in shares of Nextracker by 30.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,623 shares of the company's stock worth $388,000 after purchasing an additional 2,483 shares during the last quarter. American Century Companies Inc. grew its stake in Nextracker by 52.2% in the 4th quarter. American Century Companies Inc. now owns 76,414 shares of the company's stock worth $2,791,000 after acquiring an additional 26,196 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Nextracker by 113.4% during the fourth quarter. Franklin Resources Inc. now owns 301,455 shares of the company's stock worth $11,012,000 after acquiring an additional 160,206 shares during the period. Dynamic Technology Lab Private Ltd raised its stake in shares of Nextracker by 78.3% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 23,395 shares of the company's stock valued at $854,000 after acquiring an additional 10,275 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Nextracker by 53.0% in the fourth quarter. Russell Investments Group Ltd. now owns 61,111 shares of the company's stock valued at $2,232,000 after purchasing an additional 21,164 shares during the period. 67.41% of the stock is currently owned by hedge funds and other institutional investors.
About Nextracker
(
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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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