Top-Rated StocksTop-Rated Nextracker Stock Price, News & Analysis (NASDAQ:NXT) $39.10 -0.47 (-1.19%) (As of 02:10 PM ET) Add Compare Share Share Today's Range$38.93▼$40.4250-Day Range$33.05▼$42.8052-Week Range$28.24▼$46.55Volume451,308 shsAverage Volume1.52 million shsMarket Capitalization$2.43 billionP/E RatioN/ADividend YieldN/APrice Target$45.95 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Nextracker MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.86 Rating ScoreUpside/Downside17.5% Upside$45.95 Price TargetShort InterestBearish13.27% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.32Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth15.25%From $1.77 to $2.04 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.2.48 out of 5 starsOils/Energy Sector99th out of 198 stocksSearch & Navigation Equipment Industry3rd out of 11 stocks 3.4 Analyst's Opinion Consensus RatingNextracker 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/DownsideAccording to analysts' consensus price target of $45.95, Nextracker has a forecasted upside of 17.5% from its current price of $39.09.Amount of Analyst CoverageNextracker has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted13.27% of the float of Nextracker has been sold short.Short Interest Ratio / Days to CoverNextracker has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Nextracker has recently increased by 6.50%, indicating that investor sentiment is decreasing significantly. 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 3.0 News and Social Media Coverage News SentimentNextracker has a news sentiment score of 1.32. 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 0.62 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Nextracker this week, compared to 2 articles on an average week.Search InterestOnly 8 people have searched for NXT on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.MarketBeat Follows7 people have added Nextracker to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Nextracker insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.09% of the stock of Nextracker is held by insiders.Percentage Held by Institutions44.28% of the stock of Nextracker is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings 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 RatioNextracker has a PEG Ratio of 0.69. PEG Ratios below 1 indicate that a company could be undervalued. Previous Next 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.Read More NXT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart NXT Stock News HeadlinesNovember 29, 2023 | marketbeat.com2023'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 500November 27, 2023 | finance.yahoo.comUS Solar Electricity Generation to Beat Hydro: Stocks to BuyDecember 7, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll 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.November 21, 2023 | realmoney.thestreet.comNextracker assumed with a Buy at MizuhoNovember 20, 2023 | finance.yahoo.comWall Street Analysts Believe Nextracker (NXT) Could Rally 28.21%: Here's is How to TradeNovember 13, 2023 | msn.com3 Solar Stocks to Watch Amid Consistent Supply-Chain HurdlesNovember 3, 2023 | finance.yahoo.comDoes Nextracker (NXT) Have the Potential to Rally 36.06% as Wall Street Analysts Expect?October 29, 2023 | ca.finance.yahoo.comNextracker Inc. (NXT) Stock Historical Prices & Data - Yahoo FinanceDecember 7, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll 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.October 27, 2023 | finance.yahoo.comNextracker Second Quarter 2024 Earnings: Beats ExpectationsOctober 26, 2023 | businesswire.comSchedule VOctober 25, 2023 | benzinga.comNextracker Announces Plan to Separate from FlexOctober 25, 2023 | finance.yahoo.comNEXTracker Inc (NXT) Reports Record Revenue and Profits in Q2 FY24October 19, 2023 | msn.comFirst Solar upgraded; Array, Shoals, Nextracker named favorites at J.P. MorganOctober 16, 2023 | markets.businessinsider.comWhat 10 Analyst Ratings Have To Say About NEXTrackerOctober 9, 2023 | finance.yahoo.comNextracker to Announce Second Quarter Fiscal 2024 Results on October 25, 2023October 6, 2023 | markets.businessinsider.comNEXTracker, Inc. Class A (NXT) Receives a Buy from Truist FinancialOctober 3, 2023 | finance.yahoo.comNextracker India Achieves 10 GW Annual Domestic Manufacturing Capacity to Serve India’s Rapidly Expanding Solar Power MarketSeptember 29, 2023 | msn.comSolar Stock Nextracker Powers Up Growth After Going PublicSeptember 22, 2023 | markets.businessinsider.comWhere NEXTracker Stands With AnalystsSeptember 22, 2023 | markets.businessinsider.comNEXTracker, Inc. Class A (NXT) Gets a Buy from Wolfe ResearchSeptember 12, 2023 | msn.comNextracker: Industry Positioning, Legislative Tailwinds Are Bullish Factors, Rate BuySeptember 11, 2023 | finance.yahoo.comNextracker Opens New U.S. Factory with Dedicated Capacity in Las Vegas with UnimactsSeptember 5, 2023 | finance.yahoo.comNextracker Unveils Next Generation Tech Suite to Address Hail, Undulating Terrain, and Rapidly Changing Atmospheric ConditionsAugust 8, 2023 | finance.yahoo.comNextracker and Asteelflash/USI Open New Electronics Manufacturing Line for U.S. Solar Power PlantsAugust 3, 2023 | markets.businessinsider.comTruist Financial Sticks to Their Buy Rating for NEXTracker, Inc. Class A (NXT)August 1, 2023 | finance.yahoo.comLeeward Renewable Energy and Nextracker Expand Strategic Partnership with 3-Year Volume Commitment Agreement for 3 Gigawatts of Solar Tracker TechnologySee More Headlines 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 Company Calendar Last Earnings10/25/2023Today12/07/2023Next Earnings (Estimated)1/24/2024Fiscal 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/AEmployees606Year FoundedN/APrice 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 RatingModerate Buy Rating Score (0-4)2.86 Research Coverage21 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E Ratio22.47 P/E Growth0.69Net Income$1.14 million Net Margins4.96% Pretax Margin12.44% Return on Equity-8.13% Return on Assets11.45% Debt Debt-to-Equity RatioN/A Current Ratio1.73 Quick Ratio1.48 Sales & Book Value Annual Sales$1.90 billion Price / Sales1.30 Cash Flow$0.24 per share Price / Cash Flow163.59 Book Value($21.35) per share Price / Book-1.86Miscellaneous Outstanding Shares62,100,000Free Float62,040,000Market Cap$2.47 billion OptionableNot Optionable BetaN/A A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Daniel S. Shugar (Age 59)Co-Founder, CEO & Director Comp: $885.45kMr. Howard J. Wenger (Age 63)President Comp: $785.63kMr. Nicholas Miller (Age 54)Co-Founder & COO Comp: $520.09kMr. David P. Bennett (Age 53)Chief Financial Officer Comp: $873.04kMr. Bruce R. Ledesma (Age 55)President of Strategy & Administration Comp: $758.54kMr. Marco GarciaCo-Founder & Chief Commercial OfficerMr. Alex AuCo-Founder & CTOMr. Mike MehawichCo-Founder & Chief Strategy OfficerMs. Leah Schlesinger Esq. (Age 59)General Counsel, Chief Ethics & Compliance Officer and Secretary Comp: $344.99kMs. Kristan KirshVice President of Global MarketingMore ExecutivesKey CompetitorsAlliance Resource PartnersNASDAQ:ARLPHolly Energy PartnersNYSE:HEPComstock ResourcesNYSE:CRKReNew Energy GlobalNASDAQ:RNWArray TechnologiesNASDAQ:ARRYView All CompetitorsInsiders & InstitutionsTucker Asset Management LLCBought 1,057 shares on 12/4/2023Ownership: 0.002%Deutsche Bank AGBought 9,927 shares on 11/24/2023Ownership: 0.735%Comerica BankBought 24,713 shares on 11/21/2023Ownership: 0.040%Walleye Trading LLCBought 12,770 shares on 11/21/2023Ownership: 0.021%Diversified Trust CoSold 571 shares on 11/17/2023Ownership: 0.011%View All Insider TransactionsView All Institutional Transactions 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? 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 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 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. 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