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What is Roth Capital's Forecast for Nextracker Q2 Earnings?

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Key Points

  • Roth Capital raised its Q2 2026 EPS estimate for Nextracker to $0.84, slightly increasing from its previous forecast of $0.83, while maintaining a "Buy" rating with a target price of $80.00.
  • Analysts have mixed opinions on Nextracker; Truist Financial recently upgraded their price target, while Guggenheim downgraded the stock, reflecting a diverse range of ratings among 24 analysts.
  • Significant insider selling has been reported, with COO Nicholas Marco Miller and another insider selling over $12 million in shares collectively in the last three months, indicating potential shifts in insider confidence.
  • Five stocks we like better than Nextracker.

Nextracker Inc. (NASDAQ:NXT - Free Report) - Analysts at Roth Capital raised their Q2 2026 earnings per share (EPS) estimates for Nextracker in a research note issued to investors on Wednesday, July 30th. Roth Capital analyst P. Shen now forecasts that the company will post earnings per share of $0.84 for the quarter, up from their prior estimate of $0.83. Roth Capital currently has a "Buy" rating and a $80.00 target price on the stock. The consensus estimate for Nextracker's current full-year earnings is $3.29 per share. Roth Capital also issued estimates for Nextracker's Q3 2026 earnings at $0.83 EPS, Q4 2026 earnings at $0.84 EPS, FY2026 earnings at $3.54 EPS and FY2027 earnings at $4.05 EPS.

A number of other analysts have also weighed in on the stock. Truist Financial raised their price target on shares of Nextracker from $49.00 to $65.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Guggenheim lowered Nextracker from a "buy" rating to a "neutral" rating in a research report on Wednesday, May 14th. Cowen restated a "hold" rating on shares of Nextracker in a research report on Wednesday. Wall Street Zen raised Nextracker from a "buy" rating to a "strong-buy" rating in a research note on Sunday. Finally, BMO Capital Markets lifted their price objective on Nextracker from $51.00 to $59.00 and gave the stock a "market perform" rating in a research report on Thursday, May 15th. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Nextracker has an average rating of "Moderate Buy" and a consensus target price of $64.37.

Get Our Latest Report on Nextracker

Nextracker Trading Down 2.9%

NXT opened at $56.57 on Monday. Nextracker has a 1-year low of $30.93 and a 1-year high of $67.87. The stock has a market capitalization of $8.27 billion, a PE ratio of 15.41, a PEG ratio of 1.31 and a beta of 2.25. The firm has a 50-day moving average price of $59.94 and a two-hundred day moving average price of $50.19.

Institutional Investors Weigh In On Nextracker

Several large investors have recently made changes to their positions in the stock. New York State Teachers Retirement System lifted its stake in Nextracker by 18.2% in the 1st quarter. New York State Teachers Retirement System now owns 125,005 shares of the company's stock valued at $5,268,000 after acquiring an additional 19,247 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Nextracker during the first quarter worth $210,000. Allspring Global Investments Holdings LLC grew its position in Nextracker by 51.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 19,735 shares of the company's stock valued at $850,000 after purchasing an additional 6,693 shares in the last quarter. GAMMA Investing LLC increased its stake in Nextracker by 189.8% in the 1st quarter. GAMMA Investing LLC now owns 2,736 shares of the company's stock valued at $115,000 after buying an additional 1,792 shares during the last quarter. Finally, KBC Group NV increased its stake in Nextracker by 719.8% in the 1st quarter. KBC Group NV now owns 49,908 shares of the company's stock valued at $2,103,000 after buying an additional 43,820 shares during the last quarter. Institutional investors own 67.41% of the company's stock.

Insiders Place Their Bets

In related news, COO Nicholas Marco Miller sold 69,774 shares of the stock in a transaction that occurred on 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 directly owned 175,216 shares of the company's stock, valued at approximately $10,451,634.40. This represents a 28.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruce Ledesma sold 83,561 shares of the firm's stock in a transaction that occurred 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 sale, the insider owned 195,790 shares in the company, valued at $10,907,460.90. This trade represents a 29.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 210,476 shares of company stock valued at $12,169,880 in the last three months. Insiders own 0.56% of the company's stock.

Nextracker Company Profile

(Get Free Report)

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.

See Also

Earnings History and Estimates for Nextracker (NASDAQ:NXT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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