Nextracker (NXT) Stock Forecast, Price & News

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
View our NXT earnings forecast.

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).

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.

(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.

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

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.

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%).

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

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

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.