NXT vs. NOK, ERIC, STM, UI, ASX, HUBB, GFS, UMC, FLEX, and CLS
Should you be buying Nextracker stock or one of its competitors? The main competitors of Nextracker include Nokia (NOK), Ericsson (ERIC), STMicroelectronics (STM), Ubiquiti (UI), ASE Technology (ASX), Hubbell (HUBB), GlobalFoundries (GFS), United Microelectronics (UMC), Flex (FLEX), and Celestica (CLS). These companies are all part of the "electronic equipment" industry.
Nextracker vs. Its Competitors
Nextracker (NASDAQ:NXT) and Nokia (NYSE:NOK) are both electronic equipment companies, but which is the better investment? We will compare the two companies based on the strength of their earnings, valuation, media sentiment, institutional ownership, risk, profitability, analyst recommendations and dividends.
Nextracker has a beta of 2.39, meaning that its share price is 139% more volatile than the S&P 500. Comparatively, Nokia has a beta of 0.93, meaning that its share price is 7% less volatile than the S&P 500.
Nextracker has a net margin of 17.21% compared to Nokia's net margin of 4.09%. Nextracker's return on equity of 38.87% beat Nokia's return on equity.
Nokia has higher revenue and earnings than Nextracker. Nextracker is trading at a lower price-to-earnings ratio than Nokia, indicating that it is currently the more affordable of the two stocks.
67.4% of Nextracker shares are owned by institutional investors. Comparatively, 5.3% of Nokia shares are owned by institutional investors. 0.6% of Nextracker shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
In the previous week, Nextracker had 4 more articles in the media than Nokia. MarketBeat recorded 17 mentions for Nextracker and 13 mentions for Nokia. Nextracker's average media sentiment score of 0.98 beat Nokia's score of 0.22 indicating that Nextracker is being referred to more favorably in the media.
Nextracker currently has a consensus price target of $60.33, indicating a potential upside of 5.00%. Nokia has a consensus price target of $5.85, indicating a potential upside of 11.96%. Given Nokia's higher possible upside, analysts clearly believe Nokia is more favorable than Nextracker.
Summary
Nextracker beats Nokia on 13 of the 17 factors compared between the two stocks.
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New MarketBeat Followers Over Time
This chart shows the number of new MarketBeat users adding NXT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Media Sentiment Over Time
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Nextracker Competitors List
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This page (NASDAQ:NXT) was last updated on 7/1/2025 by MarketBeat.com Staff
