NASDAQ:NXT Nextracker (NXT) Stock Price, News & Analysis $47.28 +0.93 (+2.01%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$46.48▼$48.2550-Day Range$44.40▼$60.5352-Week Range$32.14▼$62.31Volume1.67 million shsAverage Volume4.08 million shsMarket Capitalization$6.86 billionP/E Ratio14.07Dividend YieldN/APrice Target$59.17 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrends Get Nextracker alerts: Email Address Nextracker MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.83 Rating ScoreUpside/Downside25.2% Upside$59.17 Price TargetShort InterestBearish8.82% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.65Based on 17 Articles This WeekInsider TradingSelling Shares$532,848 Sold Last QuarterProj. Earnings Growth17.56%From $2.62 to $3.08 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.44 out of 5 starsOils/Energy Sector87th out of 248 stocksSearch & Navigation Equipment Industry4th out of 11 stocks 4.4 Analyst's Opinion Consensus RatingNextracker has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 19 buy ratings, 4 hold ratings, and no sell ratings.Amount of Analyst CoverageNextracker has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Nextracker's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted8.82% of the float of Nextracker has been sold short.Short Interest Ratio / Days to CoverNextracker has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Nextracker has recently increased by 6.58%, 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 3.1 News and Social Media Coverage News SentimentNextracker has a news sentiment score of 0.65. 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 WeekMarketBeat has tracked 17 news articles for Nextracker this week, compared to 5 articles on an average week.Search InterestOnly 40 people have searched for NXT on MarketBeat in the last 30 days. This is a decrease of -2% compared to the previous 30 days.MarketBeat Follows21 people have added Nextracker to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Nextracker insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $532,848.00 in company stock.Percentage Held by InsidersOnly 0.27% of the stock of Nextracker is held by insiders.Percentage Held by Institutions67.41% of the stock of Nextracker is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Nextracker's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Nextracker are expected to grow by 17.56% in the coming year, from $2.62 to $3.08 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Nextracker is 14.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.44.Price to Earnings Ratio vs. SectorThe P/E ratio of Nextracker is 14.07, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.46.Price to Book Value per Share RatioNextracker has a P/B Ratio of 6.89. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Nextracker's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad American Hartford Gold GroupPrepare for a Recession Unlike Any OtherDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.GET THE FREE GUIDE 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.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 HeadlinesJuly 2, 2024 | marketbeat.comAI Boosts 3 Renewable Stocks: First Solar, Enphase, NextrackerAI is here to stay, and it is a problem for some because of the massive increase in power consumption associated with the rise of AI. AI lives in data centers and uses the exact (often more powerful) GPUs and accelerators as Bitcoin mining, making it an unfriendly business for the planet.July 2, 2024 | marketbeat.comAI Boosts 3 Renewable Stocks: First Solar, Enphase, Nextracker (NXT)Solar panels and technology are booming due to rising demand from the data center and AI industry; these stocks are poised to rise by double-digits.July 26, 2024 | Darwin (Ad)Top Stock Unveiled!Ready to discover the standout stock of 2024? We’ve identified a single buy & hold gem that’s poised to redefine your portfolio. Download our exclusive report now and dive into the Insights. Click below to opt-in and receive up to two additional free bonus subscriptions. Unsubscribe at any time.July 26 at 3:44 AM | americanbankingnews.comNextracker Inc. Expected to Post FY2027 Earnings of $3.42 Per Share (NASDAQ:NXT)July 25 at 7:00 AM | theglobeandmail.comWinners And Losers Of Q1: Nextracker (NASDAQ:NXT) Vs The Rest Of The Renewable Energy StocksJuly 25 at 3:26 AM | americanbankingnews.comNextracker (NXT) Set to Announce Quarterly Earnings on ThursdayJuly 24 at 9:00 AM | americanbankingnews.comResearch Analysts Issue Forecasts for Nextracker Inc.'s Q1 2026 Earnings (NASDAQ:NXT)July 23 at 7:56 PM | finance.yahoo.comNextracker to Present at the KeyBanc Capital Markets Technology Leadership ForumJuly 26, 2024 | Weiss Ratings (Ad)Nvidia’s Quiet $1 Trillion PivotNvidia recently added $277 billion in market cap … IN ONE DAY.July 21, 2024 | americanbankingnews.comAnalysts Set Nextracker Inc. (NASDAQ:NXT) Target Price at $59.17July 19, 2024 | americanbankingnews.comNextracker (NASDAQ:NXT) PT Raised to $66.00July 18, 2024 | americanbankingnews.comJPMorgan Chase & Co. Increases Nextracker (NASDAQ:NXT) Price Target to $65.00July 18, 2024 | americanbankingnews.comNextracker (NASDAQ:NXT) Price Target Cut to $61.00July 12, 2024 | investorplace.comThe 3 Most Undervalued Value Stocks to Buy in July 2024July 11, 2024 | insidermonkey.comJim Cramer Thinks You Should Buy Nextracker Inc. (NASDAQ:NXT) on the DipJune 29, 2024 | investorplace.com3 Renewable Energy Stocks to Turn Your Portfolio Into a Money MachineJune 28, 2024 | investorplace.com3 Secret Stocks to Turn $10K into $1 Million by 2029June 21, 2024 | investorplace.comWall Street Favorites: 3 Renewable Energy Stocks With Strong Buy Ratings for June 2024See 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 Earnings5/14/2024Today7/26/2024Next Earnings (Confirmed)8/01/2024Fiscal Year End3/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Search & navigation equipment Sub-IndustryN/A Current SymbolNASDAQ:NXT CUSIPN/A CIK1852131 Webwww.nextracker.com Phone510-270-2500FaxN/AEmployees1,050Year FoundedN/APrice Target and Rating Average Stock Price Target$59.17 High Stock Price Target$71.00 Low Stock Price Target$43.00 Potential Upside/Downside+25.4%Consensus RatingModerate Buy Rating Score (0-4)2.83 Research Coverage23 Analysts Profitability EPS (Most Recent Fiscal Year)$3.36 Trailing P/E Ratio14.05 Forward P/E Ratio18.02 P/E GrowthN/ANet Income$306.24 million Net Margins12.25% Pretax Margin24.32% Return on Equity-13.70% Return on Assets13.39% Debt Debt-to-Equity Ratio0.15 Current Ratio1.98 Quick Ratio1.76 Sales & Book Value Annual Sales$2.50 billion Price / Sales2.74 Cash Flow$2.78 per share Price / Cash Flow16.97 Book Value$6.86 per share Price / Book6.88Miscellaneous Outstanding Shares145,150,000Free Float144,755,000Market Cap$6.85 billion OptionableNot Optionable Beta2.51 Reduce the RiskMarket downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.Get This Free Report Key ExecutivesMr. Daniel S. Shugar (Age 60)Co-Founder, CEO & Director Comp: $885.45kMr. Howard J. Wenger (Age 64)Director & President Comp: $785.63kMr. Nicholas Miller (Age 55)Co-Founder & COO Comp: $520.09kMr. David P. Bennett (Age 54)Chief Financial Officer Comp: $873.04kMr. Bruce R. Ledesma (Age 56)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 60)General Counsel, Chief Ethics & Compliance Officer and Secretary Comp: $344.99kMs. Kristan KirshVice President of Global MarketingMore ExecutivesKey CompetitorsTeledyne TechnologiesNYSE:TDYLeonardo DRSNASDAQ:DRSNextNavNASDAQ:NNIntuitive MachinesNASDAQ:LUNRInflection Point AcquisitionNASDAQ:IPAXView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpBought 678,261 shares on 7/26/2024Ownership: 0.787%Allspring Global Investments Holdings LLCSold 354,823 shares on 7/26/2024Ownership: 0.066%State of Michigan Retirement SystemBought 29,600 shares on 7/26/2024Ownership: 0.020%Legato Capital Management LLCSold 2,030 shares on 7/26/2024Ownership: 0.005%Summit Securities Group LLCBought 1,970 shares on 7/26/2024Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions NXT Stock Analysis - Frequently Asked Questions How have NXT shares performed this year? Nextracker's stock was trading at $46.85 on January 1st, 2024. Since then, NXT shares have increased by 0.9% and is now trading at $47.28. View the best growth stocks for 2024 here. How were Nextracker's earnings last quarter? Nextracker Inc. (NASDAQ:NXT) announced its quarterly earnings data on Tuesday, May, 14th. The company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.38. The firm had revenue of $736.52 million for the quarter, compared to the consensus estimate of $681.03 million. Nextracker had a net margin of 12.25% and a negative trailing twelve-month return on equity of 13.70%. When did Nextracker IPO? Nextracker (NXT) raised $501 million in an IPO on Thursday, February 9th 2023. The company issued 23,300,000 shares at $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 top institutional shareholders include Bank of New York Mellon Corp (0.79%), Assenagon Asset Management S.A. (0.26%), Caas Capital Management LP (0.24%) and Retirement Systems of Alabama (0.10%). Insiders that own company stock include Tpg Gp A, Llc, Bruce Ledesma, Leah Schlesinger and Nicholas Marco Miller. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:NXT) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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