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How major US stock indexes fared Friday 6/2/2023
Talk About A Long Movie — The 'Oppenheimer' Film Is Literally 11 Miles Long And Weighs 600 Pounds
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
What Should Investors Make of These 3 Dividend Cuts?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Constellation Brands Taps into Growth: Analysts Bullish on Stock
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Trading Channel Breakout in Lululemon Brought by Earnings
MarketBeat Week in Review – 5/29 - 6/2
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
How major US stock indexes fared Friday 6/2/2023
Talk About A Long Movie — The 'Oppenheimer' Film Is Literally 11 Miles Long And Weighs 600 Pounds
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
What Should Investors Make of These 3 Dividend Cuts?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Constellation Brands Taps into Growth: Analysts Bullish on Stock
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Trading Channel Breakout in Lululemon Brought by Earnings
MarketBeat Week in Review – 5/29 - 6/2
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
How major US stock indexes fared Friday 6/2/2023
Talk About A Long Movie — The 'Oppenheimer' Film Is Literally 11 Miles Long And Weighs 600 Pounds
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
What Should Investors Make of These 3 Dividend Cuts?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Constellation Brands Taps into Growth: Analysts Bullish on Stock
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Trading Channel Breakout in Lululemon Brought by Earnings
MarketBeat Week in Review – 5/29 - 6/2
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
How major US stock indexes fared Friday 6/2/2023
Talk About A Long Movie — The 'Oppenheimer' Film Is Literally 11 Miles Long And Weighs 600 Pounds
NASDAQ:NXT

Nextracker (NXT) Stock Forecast, Price & News

$40.77
+0.70 (+1.75%)
(As of 06/2/2023 ET)
Compare
Today's Range
$39.67
$41.19
50-Day Range
$29.68
$40.77
52-Week Range
$28.24
$41.51
Volume
756,385 shs
Average Volume
1.12 million shs
Market Capitalization
$1.87 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$40.93

Nextracker MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
0.4% Upside
$40.93 Price Target
Short Interest
Bearish
14.23% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.50mentions of Nextracker in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
43.38%
From $1.36 to $1.95 Per Share

Overall MarketRank

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

2.11 out of 5 stars

Oils/Energy Sector

164th out of 245 stocks

Search & Navigation Equipment Industry

5th out of 10 stocks


NXT stock logo

About Nextracker (NASDAQ:NXT) Stock

Nextracker Inc. is a provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar power plants. Nextracker Inc. is based in SAN JOSE, Calif.

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NXT Stock News Headlines

J&J Kenvue Spinoff Aims To Give Investors A Healthy Return (NXT)
Johnson & Johnson spinoff Kenvue had the biggest IPO since 2021, raising $3.8 billion. Kenvue's brands include Band-Aid, Tylenol, Neutrogena and Listerine.
Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
Nextracker (NASDAQ:NXT) Upgraded at BNP Paribas
Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
Nextracker (NASDAQ:NXT) Releases FY 2024 Earnings Guidance
Nextracker (NASDAQ:NXT) Price Target Raised to $42.00
Nextracker (NASDAQ:NXT) Shares Gap Up After Analyst Upgrade
Analyst Ratings for NEXTracker
Nextracker: Fiscal Q4 Earnings Snapshot
Brokerages Set Nextracker Inc. (NASDAQ:NXT) PT at $40.31
See More Headlines

NXT Price History

NXT Company Calendar

Today
6/03/2023
Next Earnings (Estimated)
8/09/2023
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
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$40.93
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+0.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
16 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$1.90 billion

Miscellaneous

Free Float
N/A
Market Cap
$1.87 billion
Optionable
Not Optionable
Beta
N/A














NXT Stock - Frequently Asked Questions

Should I buy or sell Nextracker stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nextracker in the last year. There are currently 3 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NXT shares.
View NXT analyst ratings
or view top-rated stocks.

What is Nextracker's stock price forecast for 2023?

16 Wall Street analysts have issued 12-month target prices for Nextracker's stock. Their NXT share price forecasts range from $35.00 to $45.00. On average, they predict the company's share price to reach $40.93 in the next year. This suggests a possible upside of 0.4% 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 33.8% and is now trading at $40.77.
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, August 9th 2023.
View our NXT earnings forecast
.

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

Nextracker updated its FY 2024 earnings guidance on Friday, May, 12th. The company provided earnings per share (EPS) guidance of $1.35-$1.55 for the period, compared to the consensus earnings per share estimate of $1.41. The company issued revenue guidance of $2.10 billion-$2.30 billion, compared to the consensus revenue estimate of $1.88 billion.

When did Nextracker IPO?

(NXT) raised $501 million in an 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.

What is Nextracker's stock symbol?

Nextracker trades on the NASDAQ under the ticker symbol "NXT."

When does Nextracker's lock-up period expire?

Nextracker's lock-up period expires on Tuesday, August 8th. Nextracker had issued 26,600,000 shares in its initial public offering on February 9th. The total size of the offering was $638,400,000 based on an initial share price of $24.00. After the end of Nextracker's lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Who are Nextracker's major shareholders?

Nextracker's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.30%), Handelsbanken Fonder AB (2.57%), JPMorgan Chase & Co. (2.55%), Franklin Resources Inc. (1.80%), FMR LLC (1.64%) and Geode Capital Management LLC (1.22%).

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.

What is Nextracker's stock price today?

One share of NXT stock can currently be purchased for approximately $40.77.

How much money does Nextracker make?

Nextracker (NASDAQ:NXT) has a market capitalization of $1.87 billion and generates $1.90 billion in revenue each year.

How can I contact Nextracker?

The official website for the company is www.nextracker.com. The company can be reached via phone at 510-270-2500 or via email at investor@nextracker.com.

This page (NASDAQ:NXT) was last updated on 6/3/2023 by MarketBeat.com Staff

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