Nextracker (NXT) Stock Price, News & Analysis

Company Overview

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. It also provides TrueCapture, a self-adjusting tracker control system, which boosts solar power plant production by optimizing the position of individual tracker row in response to site features, such as varying topography and changing weather conditions; and NX Navigator, that assists solar power plant owners and operators in monitoring, controlling, and protecting their solar projects. The company was founded in 2013 and is headquartered in Fremont, California. As of March 31, 2024 Nextracker Inc. was formerly a subsidiary of Flex Ltd.

Key Stats

• Today's Range: $56.56 to $58.32
• 50-Day Range: $54.37 to $66.45
• 52-Week Range: $30.93 to $67.87
• Volume: 2.18 million shs
• Average Volume: 2.44 million shs
• Market Capitalization: $8.27 billion
• P/E Ratio: 15.41
• Dividend Yield: N/A
• Price Target: $63.95
• Consensus Rating: Moderate Buy

Nextracker Stock Analysis - MarketRank™

Nextracker scored higher than 68% of companies evaluated by MarketBeat, and ranked 117th out of 267 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Nextracker has received a consensus rating of Moderate Buy. The company's average rating score is 2.68, and is based on 15 buy ratings, 9 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Nextracker has been the subject of 18 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -2.74%

Earnings Growth

Earnings for Nextracker are expected to decrease by -2.74% in the coming year, from $3.29 to $3.20 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Nextracker is 15.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 27.17.

Price to Earnings Ratio vs. Sector

The P/E ratio of Nextracker is 15.41, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 71.13.

Price to Earnings Growth Ratio

Nextracker has a PEG Ratio of 1.41. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Nextracker has a P/B Ratio of 4.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

5.43% of the float of Nextracker has been sold short.

Short Interest Ratio / Days to Cover

Nextracker has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Nextracker has recently decreased by 0.51%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Nextracker does not currently pay a dividend.

Dividend Growth

Nextracker does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.43% of the float of Nextracker has been sold short.

Short Interest Ratio / Days to Cover

Nextracker has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Nextracker has recently decreased by 0.51%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.91

News Sentiment

Nextracker has a news sentiment score of 0.91. 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 higher news sentiment than the 0.74 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 51 news articles for Nextracker this week, compared to 17 articles on an average week.

Search Interest

14 people have searched for NXT on MarketBeat in the last 30 days. This is an increase of 250% compared to the previous 30 days.

MarketBeat Follows

9 people have added Nextracker to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In 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 $12,169,880.00 in company stock.

Percentage Held by Insiders

Only 0.56% of the stock of Nextracker is held by insiders.

Percentage Held by Institutions

67.41% of the stock of Nextracker is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NXT Stock Analysis - Frequently Asked Questions

How have NXT shares performed this year?

Nextracker's stock was trading at $36.53 at the start of the year. Since then, NXT shares have increased by 54.9% and is now trading at $56.57.

How were Nextracker's earnings last quarter?

Nextracker Inc. (NASDAQ:NXT) issued its quarterly earnings data on Tuesday, January, 28th. The company reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.31. Nextracker had a net margin of 17.55% and a trailing twelve-month return on equity of 37.02%.
Read the conference call transcript.

When did Nextracker IPO?

Nextracker (NXT) raised $501 million in an initial public offering (IPO) 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?

Top institutional shareholders of Nextracker include Wedge Capital Management L L P NC (0.73%), Twin Tree Management LP, Fort Washington Investment Advisors Inc. OH (0.23%) and DekaBank Deutsche Girozentrale (0.22%). Insiders that own company stock include Tpg Gp A, Llc, Howard Wenger, Bruce Ledesma, Nicholas Marco Miller, David P Bennett and Leah Schlesinger.
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.

What other stocks do shareholders of Nextracker own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Nextracker investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), TotalEnergies (TTE) and Southern First Bancshares (SFST).

Company Calendar

• Last Earnings: 1/28/2025
• Today: 8/01/2025
• Fiscal Year End: 3/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Energy
• Industry: Solar
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:NXT
• CIK: 1852131
• Web: www.nextracker.com
• Phone: 510-270-2500
• Fax: N/A
• Employees: 1,300
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Nextracker: $63.95
• High Price Target: $80.00
• Low Price Target: $45.00
• Potential Upside/Downside: +13.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.68
• Research Coverage: 25 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.67
• Trailing P/E Ratio: 15.41
• Forward P/E Ratio: 17.19
• P/E Growth: 1.41
• Net Income: $509.17 million
• Net Margins: 17.55%
• Pretax Margin: 22.14%
• Return on Equity: 37.02%
• Return on Assets: 18.44%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.16
• Quick Ratio: 1.89

Sales & Book Value

• Annual Sales: $2.96 billion
• Price / Sales: 2.80
• Cash Flow: $3.56 per share
• Price / Cash Flow: 15.89
• Book Value: $12.35 per share
• Price / Book: 4.58

Miscellaneous

• Outstanding Shares: 146,260,000
• Free Float: 145,445,000
• Market Cap: $8.27 billion
• Optionable: Not Optionable
• Beta: 2.25