Should I buy or sell Nextracker stock right now?

21 Wall Street 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 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 target prices for Nextracker's stock. 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 year. This suggests a possible upside of 7.4% 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 start of the year. Since then, NXT stock has increased by 40.5% and is now trading at $42.80. 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) issued its quarterly earnings data 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 company had revenue of $573.36 million for the quarter, compared to analyst estimates of $547.24 million. Nextracker had a negative trailing twelve-month return on equity of 8.13% and a net margin of 4.96%.

What ETFs hold Nextracker's stock?

ETFs with the largest weight of Nextracker (NASDAQ:NXT) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX) , SPDR S&P Kensho Clean Power ETF (CNRG) , Invesco WilderHill Clean Energy ETF (PBW) and ALPS Clean Energy ETF (ACES) . First Trust US Equity Opportunities ETF (FPX) .

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 acted as the underwriters for the IPO.

Who are Nextracker's major shareholders?

Nextracker's stock is owned by a variety of retail and institutional investors. Top institutional shareholders 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 .

Top-Rated StocksTop-Rated

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

$42.80

+0.19 (+0.45%)

(As of 12/4/2023 ET)

Compare

Today's Range: $42.10
▼
$43.15
50-Day Range: $33.05
▼
$42.61
52-Week Range: $28.24
▼
$46.55

Volume: 1.70 million shs
Average Volume: 1.52 million shs
Market Capitalization: $2.66 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: 7.4% Upside
$45.95 Price Target
Short Interest: Bearish
13.27% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
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.

2.20 out of 5 stars

Oils/Energy Sector

109th out of 225 stocks

Search & Navigation Equipment Industry

3rd out of 11 stocks

2.4

Analyst's Opinion

Consensus Rating
Nextracker has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 18 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $45.95, Nextracker has a forecasted upside of 7.4% from its current price of $42.80.
Amount of Analyst Coverage
Nextracker has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
13.27% 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 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Nextracker has recently increased by 6.50%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Nextracker does not currently pay a dividend.
Dividend Growth
Nextracker does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NXT.

3.4

News and Social Media Coverage

News Sentiment
Nextracker has a news sentiment score of 1.20. 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 0.50 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Nextracker this week, compared to 2 articles on an average week.
Search Interest
15 people have searched for NXT on MarketBeat in the last 30 days. This is an increase of 275% compared to the previous 30 days.
MarketBeat Follows
8 people have added Nextracker to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nextracker insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.09% of the stock of Nextracker is held by insiders.
Percentage Held by Institutions
44.28% of the stock of Nextracker is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Nextracker are expected to grow by 15.25% in the coming year, from $1.77 to $2.04 per share.
Price to Earnings Growth Ratio
Nextracker has a PEG Ratio of 0.69. PEG Ratios below 1 indicate that a company could be undervalued.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

NXT Stock News Headlines

November 29, 2023 | marketbeat.com

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

November 27, 2023 | finance.yahoo.com

US Solar Electricity Generation to Beat Hydro: Stocks to Buy

December 4, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.

November 21, 2023 | realmoney.thestreet.com

Nextracker assumed with a Buy at Mizuho

November 20, 2023 | finance.yahoo.com

Wall Street Analysts Believe Nextracker (NXT) Could Rally 28.21%: Here's is How to Trade

November 13, 2023 | msn.com

3 Solar Stocks to Watch Amid Consistent Supply-Chain Hurdles

November 3, 2023 | finance.yahoo.com

Does Nextracker (NXT) Have the Potential to Rally 36.06% as Wall Street Analysts Expect?

October 29, 2023 | ca.finance.yahoo.com

Nextracker Inc. (NXT) Stock Historical Prices & Data - Yahoo Finance

December 4, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

October 27, 2023 | finance.yahoo.com

Nextracker Second Quarter 2024 Earnings: Beats Expectations

October 26, 2023 | businesswire.com

Schedule V

October 25, 2023 | benzinga.com

Nextracker Announces Plan to Separate from Flex

October 25, 2023 | finance.yahoo.com

NEXTracker Inc (NXT) Reports Record Revenue and Profits in Q2 FY24

October 19, 2023 | msn.com

First Solar upgraded; Array, Shoals, Nextracker named favorites at J.P. Morgan

October 16, 2023 | markets.businessinsider.com

What 10 Analyst Ratings Have To Say About NEXTracker

October 9, 2023 | finance.yahoo.com

Nextracker to Announce Second Quarter Fiscal 2024 Results on October 25, 2023

October 6, 2023 | markets.businessinsider.com

NEXTracker, Inc. Class A (NXT) Receives a Buy from Truist Financial

October 3, 2023 | finance.yahoo.com

Nextracker India Achieves 10 GW Annual Domestic Manufacturing Capacity to Serve India’s Rapidly Expanding Solar Power Market

September 29, 2023 | msn.com

Solar Stock Nextracker Powers Up Growth After Going Public

September 22, 2023 | markets.businessinsider.com

Where NEXTracker Stands With Analysts

September 22, 2023 | markets.businessinsider.com

NEXTracker, Inc. Class A (NXT) Gets a Buy from Wolfe Research

September 12, 2023 | msn.com

Nextracker: Industry Positioning, Legislative Tailwinds Are Bullish Factors, Rate Buy

September 11, 2023 | finance.yahoo.com

Nextracker Opens New U.S. Factory with Dedicated Capacity in Las Vegas with Unimacts

September 5, 2023 | finance.yahoo.com

Nextracker Unveils Next Generation Tech Suite to Address Hail, Undulating Terrain, and Rapidly Changing Atmospheric Conditions

August 8, 2023 | finance.yahoo.com

Nextracker and Asteelflash/USI Open New Electronics Manufacturing Line for U.S. Solar Power Plants

August 3, 2023 | markets.businessinsider.com

Truist Financial Sticks to Their Buy Rating for NEXTracker, Inc. Class A (NXT)

August 1, 2023 | finance.yahoo.com

Leeward Renewable Energy and Nextracker Expand Strategic Partnership with 3-Year Volume Commitment Agreement for 3 Gigawatts of Solar Tracker Technology

See More Headlines

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Company Calendar

Last Earnings: 10/25/2023
Today: 12/04/2023
Next Earnings (Estimated): 1/24/2024
Fiscal Year End: 3/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Search & navigation equipment
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NASDAQ:NXT
CUSIP: N/A
CIK: 1852131
Web: www.nextracker.com
Phone: 510-270-2500
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: +8.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.86
Research Coverage: 21 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: 23.94
P/E Growth: 0.69
Net Income: $1.14 million
Net Margins: 4.96%
Pretax Margin: 12.44%
Return on Equity: -8.13%
Return on Assets: 11.45%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.73
Quick Ratio: 1.48

Sales & Book Value

Annual Sales: $1.90 billion
Price / Sales: 1.38
Cash Flow: $0.26 per share
Price / Cash Flow: 163.59
Book Value: ($21.35) per share
Price / Book: -1.98

Miscellaneous

Outstanding Shares: 62,100,000
Free Float: 62,040,000
Market Cap: $2.63 billion
Optionable: Not Optionable
Beta: N/A

12 Stocks Corporate Insiders are Abandoning

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

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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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NXT Stock Analysis - Frequently Asked Questions

Should I buy or sell Nextracker stock right now?: 21 Wall Street 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 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 target prices for Nextracker's stock. 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 year. This suggests a possible upside of 7.4% 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 start of the year. Since then, NXT stock has increased by 40.5% and is now trading at $42.80.
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) issued its quarterly earnings data 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 company had revenue of $573.36 million for the quarter, compared to analyst estimates of $547.24 million. Nextracker had a negative trailing twelve-month return on equity of 8.13% and a net margin of 4.96%.

What ETFs hold Nextracker's stock?: ETFs with the largest weight of Nextracker (NASDAQ:NXT) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), SPDR S&P Kensho Clean Power ETF (CNRG), Invesco WilderHill Clean Energy ETF (PBW) and ALPS Clean Energy ETF (ACES).First Trust US Equity Opportunities ETF (FPX).
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 acted as the underwriters for the IPO.
Who are Nextracker's major shareholders?: Nextracker's stock is owned by a variety of retail and institutional investors. Top institutional shareholders 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 12/4/2023 by MarketBeat.com Staff

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