NASDAQ:NXT Nextracker (NXT) Stock Forecast, Price & News $40.77 +0.70 (+1.75%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$39.67▼$41.1950-Day Range$29.68▼$40.7752-Week Range$28.24▼$41.51Volume756,385 shsAverage Volume1.12 million shsMarket Capitalization$1.87 billionP/E RatioN/ADividend YieldN/APrice Target$40.93 ProfileProfileAnalyst RatingsChartCompetitorsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Nextracker MarketRank™ ForecastAnalyst RatingModerate Buy2.81 Rating ScoreUpside/Downside0.4% Upside$40.93 Price TargetShort InterestBearish14.23% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.50Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth43.38%From $1.36 to $1.95 Per ShareSee Full Details Hide Full Details 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 starsOils/Energy Sector164th out of 245 stocksSearch & Navigation Equipment Industry5th out of 10 stocks 2.4 Analyst's Opinion Consensus RatingNextracker has received a consensus rating of Buy. The company's average rating score is 2.81, and is based on 13 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $40.93, Nextracker has a forecasted upside of 0.4% from its current price of $40.77.Amount of Analyst CoverageNextracker has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted14.23% of the float of Nextracker has been sold short.Short Interest Ratio / Days to CoverNextracker has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous month Previous Next 0.0 Dividend Strength Dividend YieldNextracker does not currently pay a dividend.Dividend GrowthNextracker does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for NXT. Previous Next 1.4 News and Social Media Coverage News SentimentNextracker has a news sentiment score of -0.50. 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 lower news sentiment than the 0.66 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Nextracker this week, compared to 5 articles on an average week.Search Interest8 people have searched for NXT on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.MarketBeat FollowsOnly 5 people have added Nextracker to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next N/A Company Ownership Insider Buying vs. Insider SellingIn the past three months, Nextracker insiders have not sold or bought any company stock. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Nextracker are expected to grow by 43.38% in the coming year, from $1.36 to $1.95 per share.Price to Earnings Growth RatioNextracker has a PEG Ratio of 0.86. PEG Ratios below 1 indicate that a company could be undervalued. Previous Next See Top Rated MarketRank™ Stocks Here About Nextracker (NASDAQ:NXT) StockNextracker 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.Read More Receive NXT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Nextracker and its competitors with MarketBeat's FREE daily newsletter. Email Address NXT Stock News HeadlinesMay 9, 2023 | marketbeat.comJ&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.May 29, 2023 | yahoo.comNXT Women’s Title Match Set For WWE NXT BattlegroundJune 3, 2023 | Legacy Research (Affiliate) (Ad)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.May 25, 2023 | americanbankingnews.comNextracker Inc. (NASDAQ:NXT) Given Consensus Recommendation of "Moderate Buy" by BrokeragesMay 20, 2023 | americanbankingnews.comNextracker (NASDAQ:NXT) Upgraded at BNP ParibasMay 18, 2023 | finance.yahoo.comDedicated Nextracker Manufacturing Line at New MSS Steel Factory to Bring New Jobs and Millions of Dollars in Investment to Tennessee Valley RegionMay 17, 2023 | americanbankingnews.comNextracker Inc. (NASDAQ:NXT) to Post FY2024 Earnings of $1.05 Per Share, Cantor Fitzgerald ForecastsMay 16, 2023 | finance.yahoo.comLoad Up on These 5 Exceptional Relative Price Strength StocksJune 3, 2023 | Legacy Research (Affiliate) (Ad)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.May 15, 2023 | americanbankingnews.comNextracker (NASDAQ:NXT) Releases FY 2024 Earnings GuidanceMay 15, 2023 | americanbankingnews.comNextracker (NASDAQ:NXT) Given New $35.00 Price Target at Northland SecuritiesMay 14, 2023 | americanbankingnews.comCantor Fitzgerald Raises Nextracker (NASDAQ:NXT) Price Target to $44.00May 13, 2023 | americanbankingnews.comNextracker (NASDAQ:NXT) Price Target Raised to $42.00May 13, 2023 | americanbankingnews.comNextracker (NASDAQ:NXT) PT Raised to $44.00 at Truist FinancialMay 13, 2023 | americanbankingnews.comNextracker (NASDAQ:NXT) & MIND Technology (NASDAQ:MIND) Financial ReviewMay 13, 2023 | americanbankingnews.comNextracker (NASDAQ:NXT) Shares Gap Up After Analyst UpgradeMay 11, 2023 | markets.businessinsider.comAnalyst Ratings for NEXTrackerMay 10, 2023 | chron.comNextracker: Fiscal Q4 Earnings SnapshotMay 10, 2023 | finance.yahoo.comNextracker Reports Fourth Quarter and Fiscal Year 2023 Financial ResultsMay 10, 2023 | finance.yahoo.comNextracker Maintains Strong Global Momentum in FY23 Q4May 10, 2023 | americanbankingnews.comComparing Inflection Point Acquisition (NASDAQ:IPAX) & Nextracker (NASDAQ:NXT)May 10, 2023 | americanbankingnews.comContrasting Leonardo DRS (NASDAQ:DRS) & Nextracker (NASDAQ:NXT)May 9, 2023 | finance.yahoo.comRetail investors among Nextracker Inc.'s (NASDAQ:NXT) largest shareholders, saw gain in holdings value after stock jumped 4.4% last weekMay 8, 2023 | americanbankingnews.comNextracker (NXT) Set to Announce Quarterly Earnings on WednesdayMay 5, 2023 | americanbankingnews.comBrokers Issue Forecasts for Nextracker Inc.'s FY2023 Earnings (NASDAQ:NXT)May 4, 2023 | americanbankingnews.comNextracker (NASDAQ:NXT) Coverage Initiated by Analysts at Northland SecuritiesMay 2, 2023 | americanbankingnews.comBrokerages Set Nextracker Inc. (NASDAQ:NXT) PT at $40.31See More Headlines NXT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart NXT Company Calendar Today6/03/2023Next Earnings (Estimated)8/09/2023Fiscal Year End3/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Search & navigation equipment Sub-IndustryN/A SectorOils/Energy Current SymbolNASDAQ:NXT CUSIPN/A CIK1852131 Webwww.nextracker.com Phone510-270-2500FaxN/AEmployeesN/AYear FoundedN/APrice 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 RatingModerate Buy Rating Score (0-4)2.81 Research Coverage16 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E Ratio29.98 P/E Growth0.82Net IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity RatioN/A Current Ratio1.58 Quick Ratio1.16 Sales & Book Value Annual Sales$1.90 billion Price / Sales0.98 Cash FlowN/A Price / Cash FlowN/A Book ValueN/A Price / BookN/AMiscellaneous Outstanding Shares45,870,000Free FloatN/AMarket Cap$1.87 billion OptionableNot Optionable BetaN/A Key CompetitorsNexTier Oilfield SolutionsNYSE:NEXVermilion EnergyNYSE:VETEarthstone EnergyNYSE:ESTEUSA Compression PartnersNYSE:USACExpro GroupNYSE:XPROView All CompetitorsInstitutional OwnershipAmeriprise Financial Inc.Bought 48,283 shares on 5/22/2023Ownership: 0.105%JPMorgan Chase & Co.Bought 1,169,436 shares on 5/18/2023Ownership: 2.549%New York State Common Retirement FundBought 105,890 shares on 5/18/2023Ownership: 0.231%Alyeska Investment Group L.P.Bought 46,833 shares on 5/16/2023Ownership: 0.102%Sandia Investment Management LPBought 16,496 shares on 5/16/2023Ownership: 0.036%View All Institutional Transactions 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? ETFs with the largest weight of Nextracker (NASDAQ:NXT) stock in their portfolio include Invesco WilderHill Clean Energy ETF (PBW), AB Disruptors ETF (FWD), First Trust US Equity Opportunities ETF (FPX) and Renaissance IPO ETF (IPO).Fidelity Sustainable U.S. Equity ETF (FSST). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Nextracker Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.