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Nextracker Stock Price, News & Analysis (NASDAQ:NXT)

$39.10
-0.47 (-1.19%)
(As of 02:10 PM ET)
Compare
Today's Range
$38.93
$40.42
50-Day Range
$33.05
$42.80
52-Week Range
$28.24
$46.55
Volume
451,308 shs
Average Volume
1.52 million shs
Market Capitalization
$2.43 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$45.95

Nextracker MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
17.5% Upside
$45.95 Price Target
Short Interest
Bearish
13.27% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.32mentions of Nextracker in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.25%
From $1.77 to $2.04 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.48 out of 5 stars

Oils/Energy Sector

99th out of 198 stocks

Search & Navigation Equipment Industry

3rd 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. Nextracker Inc. operates as a subsidiary of Flex Ltd.

NXT Stock Price History

NXT Stock News Headlines

2023's most anticipated IPOs weren't always the big winners (NXT)
146 U.S. companies went public in 2023, down 16.09% from last year. Despite market ups and downs, the Renaissance index of IPOs is outperforming the S&P 500
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Nextracker assumed with a Buy at Mizuho
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Schedule V
Nextracker Announces Plan to Separate from Flex
What 10 Analyst Ratings Have To Say About NEXTracker
NEXTracker, Inc. Class A (NXT) Receives a Buy from Truist Financial
Where NEXTracker Stands With Analysts
NEXTracker, Inc. Class A (NXT) Gets a Buy from Wolfe Research
See More Headlines
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Company Calendar

Last Earnings
10/25/2023
Today
12/07/2023
Next Earnings (Estimated)
1/24/2024
Fiscal Year End
3/31/2024

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
$45.95
High Stock Price Target
$52.00
Low Stock Price Target
$36.00
Potential Upside/Downside
+15.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
21 Analysts

Profitability

Net Income
$1.14 million
Pretax Margin
12.44%

Debt

Sales & Book Value

Annual Sales
$1.90 billion
Cash Flow
$0.24 per share
Book Value
($21.35) per share

Miscellaneous

Free Float
62,040,000
Market Cap
$2.47 billion
Optionable
Not Optionable
Beta
N/A
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Key Executives

  • Mr. Daniel S. Shugar (Age 59)
    Co-Founder, CEO & Director
    Comp: $885.45k
  • Mr. Howard J. Wenger (Age 63)
    President
    Comp: $785.63k
  • Mr. Nicholas Miller (Age 54)
    Co-Founder & COO
    Comp: $520.09k
  • Mr. David P. Bennett (Age 53)
    Chief Financial Officer
    Comp: $873.04k
  • Mr. Bruce R. Ledesma (Age 55)
    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 59)
    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?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nextracker in the last twelve months. There are currently 3 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street equities research 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?

21 brokerages have issued 12-month price objectives for Nextracker's shares. Their NXT share price targets range from $36.00 to $52.00. On average, they anticipate the company's stock price to reach $45.95 in the next twelve months. This suggests a possible upside of 17.5% 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 2023?

Nextracker's stock was trading at $30.46 at the beginning of 2023. Since then, NXT stock has increased by 28.3% and is now trading at $39.09.
View the best growth stocks for 2023 here
.

When is Nextracker's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our NXT earnings forecast
.

How were Nextracker's earnings last quarter?

Nextracker Inc. (NASDAQ:NXT) announced its quarterly earnings results on Wednesday, October, 25th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.25. The business earned $573.36 million during the quarter, compared to the consensus estimate of $547.24 million. Nextracker had a net margin of 4.96% and a negative trailing twelve-month return on equity of 8.13%.

What ETFs hold Nextracker's stock?
When did Nextracker IPO?

(NXT) raised $501 million in an initial public offering 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 acted as the underwriters for the IPO.

Who are Nextracker's major shareholders?

Nextracker's stock is owned by a number of retail and institutional investors. Top institutional investors include Invesco Ltd. (2.64%), JPMorgan Chase & Co. (2.61%), Handelsbanken Fonder AB (2.39%), Morgan Stanley (2.31%), Victory Capital Management Inc. (2.07%) and Electron Capital Partners LLC (1.93%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:NXT) was last updated on 12/7/2023 by MarketBeat.com Staff

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