Nextracker (NXT) Stock Price, News & Analysis

$44.42
+0.42 (+0.95%)
(As of 04/23/2024 ET)
Today's Range
$43.51
$46.08
50-Day Range
$43.69
$60.89
52-Week Range
$29.28
$62.14
Volume
2.59 million shs
Average Volume
4.23 million shs
Market Capitalization
$6.07 billion
P/E Ratio
23.75
Dividend Yield
N/A
Price Target
$59.18

Nextracker MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
31.9% Upside
$58.59 Price Target
Short Interest
Bearish
7.55% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.25mentions of Nextracker in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$551,612 Sold Last Quarter
Proj. Earnings Growth
7.23%
From $2.35 to $2.52 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.16 out of 5 stars

Oils/Energy Sector

42nd out of 236 stocks

Search & Navigation Equipment Industry

2nd out of 11 stocks

NXT stock logo

About Nextracker Stock (NASDAQ:NXT)

Nextracker Inc., an energy solutions company, provides solar tracker and software solutions for utility-scale and ground-mounted distributed generation solar projects worldwide. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; NX Gemini, a two-in-portrait format tracker, which holds two rows of solar panels along the central support beam; 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 monitoring and control software solutions including TrueCapture, a solar boosting power plant, which boost plant performance by correcting for shading and diffuse light conditions; and NX Navigator, a mitigating extreme weather risk navigator which helps to maintain optimum tracker equipment health and availability. The company was founded in 2013 and is headquartered in Fremont, California.

NXT Stock Price History

NXT Stock News Headlines

top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)
AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
Mizuho Lowers Nextracker (NASDAQ:NXT) Price Target to $59.00
Nextracker shares target cut by Piper Sandler
top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)
AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
Nextracker (NASDAQ:NXT) Price Target Cut to $64.00
The 3 Best Growth Stocks to Buy in April 2024
Validea Detailed Fundamental Analysis - NXT
3 Top-Ranked, Market-Beating Stocks to Buy
NXT Dec 2024 70.000 call
NXT Dec 2024 90.000 call
NXT Oct 2024 55.000 put
See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/14/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Search & navigation equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:NXT
Fax
N/A
Employees
606
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$59.18
High Stock Price Target
$73.00
Low Stock Price Target
$43.00
Potential Upside/Downside
+28.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
22 Analysts

Profitability

Net Income
$1.14 million
Pretax Margin
16.00%

Debt

Sales & Book Value

Annual Sales
$1.90 billion
Cash Flow
$0.27 per share
Book Value
($21.35) per share

Miscellaneous

Free Float
136,419,000
Market Cap
$6.27 billion
Optionable
Not Optionable
Beta
1.94
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Key Executives

  • Mr. Daniel S. Shugar (Age 60)
    Co-Founder, CEO & Director
    Comp: $885.45k
  • Mr. Howard J. Wenger (Age 64)
    Director & President
    Comp: $785.63k
  • Mr. Nicholas Miller (Age 55)
    Co-Founder & COO
    Comp: $520.09k
  • Mr. David P. Bennett (Age 54)
    Chief Financial Officer
    Comp: $873.04k
  • Mr. Bruce R. Ledesma (Age 56)
    President of Strategy & Administration
    Comp: $758.54k
  • Mr. Marco Garcia
    Co-Founder & Chief Commercial Officer
  • Mr. Alex Au
    Co-Founder & CTO
  • Mr. Mike Mehawich
    Co-Founder & Chief Strategy Officer
  • Ms. Leah Schlesinger Esq. (Age 60)
    General Counsel, Chief Ethics & Compliance Officer and Secretary
    Comp: $344.99k
  • Ms. Kristan Kirsh
    Vice President of Global Marketing

NXT Stock Analysis - Frequently Asked Questions

Should I buy or sell Nextracker stock right now?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nextracker in the last twelve months. There are currently 3 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NXT shares.
View NXT analyst ratings
or view top-rated stocks.

What is Nextracker's stock price target for 2024?

22 Wall Street analysts have issued 1-year target prices for Nextracker's shares. Their NXT share price targets range from $43.00 to $71.00. On average, they anticipate the company's stock price to reach $58.59 in the next twelve months. This suggests a possible upside of 31.9% from the stock's current price.
View analysts price targets for NXT
or view top-rated stocks among Wall Street analysts.

How have NXT shares performed in 2024?

Nextracker's stock was trading at $46.85 at the beginning of 2024. Since then, NXT stock has decreased by 5.2% and is now trading at $44.42.
View the best growth stocks for 2024 here
.

Are investors shorting Nextracker?

Nextracker saw a increase in short interest in March. As of March 31st, there was short interest totaling 9,820,000 shares, an increase of 27.2% from the March 15th total of 7,720,000 shares. Based on an average daily volume of 4,120,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 7.6% of the shares of the stock are sold short.
View Nextracker's Short Interest
.

When is Nextracker's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our NXT earnings forecast
.

How can I listen to Nextracker's earnings call?

Nextracker will be holding an earnings conference call on Tuesday, May 14th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Nextracker's earnings last quarter?

Nextracker Inc. (NASDAQ:NXT) announced its earnings results on Wednesday, January, 31st. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.51. The business had revenue of $710.43 million for the quarter, compared to analysts' expectations of $615.53 million. Nextracker had a negative trailing twelve-month return on equity of 5.98% and a net margin of 4.48%.

What guidance has Nextracker issued on next quarter's earnings?

Nextracker updated its FY 2024 earnings guidance on Wednesday, January, 31st. The company provided earnings per share (EPS) guidance of 2.550-2.750 for the period, compared to the consensus estimate of 2.120. The company issued revenue guidance of $2.4 billion-$2.5 billion, compared to the consensus revenue estimate of $2.3 billion.

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 $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?

Nextracker's stock is owned by many different institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.33%), Seven Grand Managers LLC (0.22%), Raymond James & Associates (0.18%), Cookson Peirce & Co. Inc. (0.14%), Renaissance Capital LLC (0.06%) and Artemis Investment Management LLP (0.06%). Insiders that own company stock include Leah Schlesinger, Nicholas Marco Miller and Tpg Gp A, Llc.
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.
Compare Top Brokerages Here.

This page (NASDAQ:NXT) was last updated on 4/23/2024 by MarketBeat.com Staff

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