Nextracker (NXT) Stock Price, News & Analysis

Company Overview

Nextracker (NASDAQ: NXT) develops and manufactures advanced solar tracking systems and software solutions designed to optimize energy capture for utility-scale and distributed solar installations. The company’s flagship products include the NX Horizon™ single-axis tracker, which features a modular design for rapid deployment, and the NX Gemini™ dual-axis tracker tailored for challenging terrains and harsh environmental conditions. Beyond hardware, Nextracker offers digital services such as NX Navigator™, a cloud-based performance monitoring platform, and TrueCapture™, an AI-driven optimization tool that adjusts tracker positioning in real time to enhance energy yield under variable weather conditions.

Since its founding in 2013, Nextracker has delivered more than 90 gigawatts of solar tracking capacity across six continents, serving customers in North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region. The company’s trackers are designed to withstand extreme temperatures, high wind speeds and heavy snow loads, making them suitable for a wide range of climates and project scales. Nextracker also offers comprehensive services spanning project planning, logistics, installation and ongoing operations and maintenance, helping developers and asset owners maximize asset performance and return on investment over the lifespan of a solar project.

In its early years, Nextracker emerged as part of SunPower’s Pivot Technology division before becoming an independent business and later attracting investment from industry leaders, including Brookfield Renewable Partners and Ontario Teachers’ Pension Plan. The company completed a public listing via a special purpose acquisition company in 2021, broadening its access to capital for research and development. Leadership is headed by co-founder and CEO Dan Shugar, who guides global strategy and innovation, alongside an executive team with deep experience in renewable energy, engineering and supply chain management.

Committed to accelerating the world’s transition to clean energy, Nextracker continues to invest in next-generation tracking technologies and digital solutions. By combining precision mechanical design with data-driven software, the company aims to deliver higher electricity yields, lower project costs and reduced carbon emissions for solar developers, utilities and independent power producers worldwide.

Key Stats

• Today's Range: $63.07 to $66.54
• 50-Day Range: $40.61 to $66.27
• 52-Week Range: $30.93 to $66.54
• Volume: 2.92 million shs
• Average Volume: 2.68 million shs
• Market Capitalization: $9.69 billion
• P/E Ratio: 19.10
• Dividend Yield: N/A
• Price Target: $60.33
• Consensus Rating: Moderate Buy

Nextracker Stock Analysis - MarketRank™

Nextracker scored higher than 49% of companies evaluated by MarketBeat, and ranked 169th out of 267 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Nextracker has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 17 buy ratings, 5 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Nextracker has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -2.74%

Earnings Growth

Earnings for Nextracker are expected to decrease by -2.74% in the coming year, from $3.29 to $3.20 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Nextracker is 19.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.61.

Price to Earnings Ratio vs. Sector

The P/E ratio of Nextracker is 19.10, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 60.99.

Price to Earnings Growth Ratio

Nextracker has a PEG Ratio of 1.71. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Nextracker has a P/B Ratio of 5.93. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

5.84% 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 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Nextracker has recently decreased by 1.87%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Nextracker does not currently pay a dividend.

Dividend Growth

Nextracker does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.84% 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 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Nextracker has recently decreased by 1.87%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.98

News Sentiment

Nextracker has a news sentiment score of 0.98. 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 0.71 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Nextracker this week, compared to 16 articles on an average week.

Search Interest

Only 5 people have searched for NXT on MarketBeat in the last 30 days. This is a decrease of -72% compared to the previous 30 days.

MarketBeat Follows

Only 7 people have added Nextracker to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In 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 $12,169,880.00 in company stock.

Percentage Held by Insiders

Only 0.56% of the stock of Nextracker is held by insiders.

Percentage Held by Institutions

67.41% of the stock of Nextracker is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NXT Stock Analysis - Frequently Asked Questions

How have NXT shares performed this year?

Nextracker's stock was trading at $36.53 on January 1st, 2025. Since then, NXT stock has increased by 81.4% and is now trading at $66.2650.

How were Nextracker's earnings last quarter?

Nextracker Inc. (NASDAQ:NXT) released its quarterly earnings results on Tuesday, January, 28th. The company reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.31. Nextracker had a net margin of 17.21% and a trailing twelve-month return on equity of 38.87%.
Read the conference call transcript.

When did Nextracker IPO?

Nextracker (NXT) raised $501 million in an initial public offering 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 served as the underwriters for the IPO.

Who are Nextracker's major shareholders?

Top institutional investors of Nextracker include Private Client Services LLC (0.02%) and Central Pacific Bank Trust Division. Insiders that own company stock include Tpg Gp A, Llc, Howard Wenger, Bruce Ledesma, Nicholas Marco Miller, David P Bennett and Leah Schlesinger.
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.

What other stocks do shareholders of Nextracker own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Nextracker investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), TotalEnergies (TTE) and Southern First Bancshares (SFST).

Company Calendar

• Last Earnings: 1/28/2025
• Today: 7/05/2025
• Next Earnings (Estimated): 7/30/2025
• Fiscal Year End: 3/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Energy
• Industry: Solar
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:NXT
• CIK: 1852131
• Web: www.nextracker.com
• Phone: 510-270-2500
• Fax: N/A
• Employees: 1,300
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $60.33
• High Stock Price Target: $71.00
• Low Stock Price Target: $45.00
• Potential Upside/Downside: -9.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.88
• Research Coverage: 24 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.47
• Trailing P/E Ratio: 19.10
• Forward P/E Ratio: 20.14
• P/E Growth: 1.71
• Net Income: $509.17 million
• Net Margins: 17.21%
• Pretax Margin: 21.90%
• Return on Equity: 38.87%
• Return on Assets: 18.38%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.09
• Quick Ratio: 1.89

Sales & Book Value

• Annual Sales: $2.96 billion
• Price / Sales: 3.28
• Cash Flow: $3.66 per share
• Price / Cash Flow: 18.09
• Book Value: $11.18 per share
• Price / Book: 5.93

Miscellaneous

• Outstanding Shares: 146,260,000
• Free Float: 145,445,000
• Market Cap: $9.69 billion
• Optionable: Not Optionable
• Beta: 2.25