Top-Rated StocksTop-RatedNASDAQ:NXT Nextracker (NXT) Stock Price, News & Analysis → Trump’s “Tax Free” Retirement Strategy (From Gold Safe Exchange) (Ad) Free NXT Stock Alerts $56.27 -1.75 (-3.02%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$55.80▼$59.5250-Day Range$41.89▼$60.8952-Week Range$29.28▼$62.14Volume3.35 million shsAverage Volume4.49 million shsMarket Capitalization$7.68 billionP/E Ratio30.09Dividend YieldN/APrice Target$56.91 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Get Nextracker alerts: Email Address Nextracker MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.91 Rating ScoreUpside/Downside1.1% Upside$56.91 Price TargetShort InterestBearish5.93% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.53Based on 11 Articles This WeekInsider TradingN/AProj. Earnings Growth7.23%From $2.35 to $2.52 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.2.48 out of 5 starsOils/Energy Sector152nd out of 237 stocksSearch & Navigation Equipment Industry7th out of 11 stocks 2.5 Analyst's Opinion Consensus RatingNextracker has received a consensus rating of Moderate Buy. The company's average rating score is 2.91, and is based on 20 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $56.91, Nextracker has a forecasted upside of 1.1% from its current price of $56.27.Amount of Analyst CoverageNextracker has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted5.93% of the float of Nextracker has been sold short.Short Interest Ratio / Days to CoverNextracker has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Nextracker has recently increased by 53.78%, 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 2.0 News and Social Media Coverage News SentimentNextracker has a news sentiment score of 0.53. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 11 news articles for Nextracker this week, compared to 3 articles on an average week.Search InterestOnly 36 people have searched for NXT on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.MarketBeat FollowsOnly 17 people have added Nextracker to their MarketBeat watchlist in the last 30 days. This is a decrease of -32% compared to the previous 30 days. Previous Next 1.7 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 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. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Nextracker are expected to grow by 7.23% in the coming year, from $2.35 to $2.52 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Nextracker is 30.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.11.Price to Earnings Ratio vs. SectorThe P/E ratio of Nextracker is 30.09, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 20.44.Price to Earnings Growth RatioNextracker has a PEG Ratio of 0.68. PEG Ratios below 1 indicate that a company could be undervalued. Previous Next See Top Rated MarketRank™ Stocks Here Ad Insiders ExposedThis consistently signaled gains of 453%... 610%... and even 1036%...It doesn’t happen often, but occasionally, something completely unique comes across my radar. In this case, I’m talking about legal “Insider Trading”. 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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 HeadlinesMarch 26, 2024 | investing.comNextracker shares initiated at Market Perform with $69 targetMarch 23, 2024 | americanbankingnews.comNextracker (NASDAQ:NXT) Receives New Coverage from Analysts at BMO Capital MarketsMarch 28, 2024 | Crypto Swap Profits (Ad)Did You Get Your Free Bitcoin Yet?And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.March 22, 2024 | msn.comNextracker's Solar Ascendancy: Analyst Forecasts Doubling of Addressable Market Despite Valuation HurdlesMarch 22, 2024 | markets.businessinsider.comNEXTracker, Inc.: Market Leader with Strong Growth Prospects, but Fully Valued – Maintaining Hold RatingMarch 22, 2024 | finance.yahoo.com3 Top-Ranked, Market-Beating Stocks to BuyMarch 22, 2024 | americanbankingnews.comNextracker (NASDAQ:NXT) Now Covered by Analysts at Robert W. BairdMarch 22, 2024 | americanbankingnews.comTraders Purchase High Volume of Nextracker Call Options (NASDAQ:NXT)March 28, 2024 | Gold Safe Exchange (Ad)Trump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. 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If you're planning on retiring any time soon…This poses a real problem.March 18, 2024 | businesswire.comNextracker Announces Chuck Boynton as New Chief Financial OfficerMarch 17, 2024 | ca.finance.yahoo.comNXT Dec 2024 70.000 callMarch 16, 2024 | ca.finance.yahoo.comNXT Dec 2024 90.000 callMarch 13, 2024 | finance.yahoo.comNextracker and Orrcon Steel to Deliver Sovereign Capability in AustraliaMarch 13, 2024 | businesswire.comNextracker and Orrcon Steel to Deliver Sovereign Capability in AustraliaMarch 9, 2024 | finance.yahoo.comNXT Oct 2024 55.000 putFebruary 29, 2024 | finance.yahoo.comNextracker (NASDAQ:NXT) Will Be Hoping To Turn Its Returns On Capital AroundFebruary 27, 2024 | barrons.com4 Clean Energy Stocks That Have Defied the OddsFebruary 21, 2024 | finance.yahoo.comACWA Power and Larsen & Toubro Select Nextracker’s All-Terrain Solar Trackers for Al Kahfah Solar ParkFebruary 21, 2024 | businesswire.comACWA Power and Larsen & Toubro Select Nextracker's All-Terrain Solar Trackers for Al Kahfah Solar ParkFebruary 20, 2024 | finance.yahoo.comNextracker to Present at Upcoming Investor ConferencesFebruary 20, 2024 | businesswire.comNextracker to Present at Upcoming Investor ConferencesFebruary 18, 2024 | investorplace.com7 Solar Stocks That Could Make Your February UnforgettableFebruary 17, 2024 | ca.finance.yahoo.comNXT Aug 2024 80.000 callFebruary 17, 2024 | ca.finance.yahoo.comNXT Aug 2024 40.000 putFebruary 14, 2024 | benzinga.comNEXTracker Unusual Options Activity For February 14February 13, 2024 | finance.yahoo.comNXT Oct 2024 80.000 callFebruary 13, 2024 | finance.yahoo.comNXT Oct 2024 50.000 putSee 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 Earnings1/31/2024Today3/28/2024Fiscal Year End3/31/2024Next Earnings (Estimated)5/08/2024Get 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/AEmployees606Year FoundedN/APrice Target and Rating Average Stock Price Target$56.91 High Stock Price Target$73.00 Low Stock Price Target$39.00 Potential Upside/Downside-0.5%Consensus RatingModerate Buy Rating Score (0-4)2.91 Research Coverage22 Analysts Profitability EPS (Most Recent Fiscal Year)$1.87 Trailing P/E Ratio30.57 Forward P/E Ratio24.33 P/E Growth0.68Net Income$1.14 million Net Margins4.48% Pretax Margin16.00% Return on Equity-5.98% Return on Assets10.11% Debt Debt-to-Equity RatioN/A Current Ratio1.87 Quick Ratio1.60 Sales & Book Value Annual Sales$1.90 billion Price / Sales4.10 Cash Flow$0.26 per share Price / Cash Flow217.57 Book Value($21.35) per share Price / Book-2.68Miscellaneous Outstanding Shares136,540,000Free Float136,419,000Market Cap$7.81 billion OptionableNot Optionable BetaN/A Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.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 CompetitorsMatador ResourcesNYSE:MTDRYPF Sociedad AnónimaNYSE:YPFRange ResourcesNYSE:RRCHess MidstreamNYSE:HESMSouthwestern EnergyNYSE:SWNView All CompetitorsInsiders & InstitutionsNomura Holdings Inc.Bought 259,800 shares on 3/27/2024Ownership: 0.000%PNC Financial Services Group Inc.Bought 3,897 shares on 3/22/2024Ownership: 0.003%Healthcare of Ontario Pension Plan Trust FundBought 67,890 shares on 3/21/2024Ownership: 0.088%HBK Investments L PBought 25,000 shares on 3/14/2024Ownership: 0.055%Wahed Invest LLCBought 923 shares on 3/11/2024Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions NXT Stock Analysis - Frequently Asked Questions Should I buy or sell Nextracker stock right now? 22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nextracker in the last twelve months. There are currently 2 hold ratings and 20 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? 22 Wall Street analysts have issued 1-year target prices for Nextracker's shares. Their NXT share price targets range from $39.00 to $73.00. On average, they anticipate the company's share price to reach $56.91 in the next year. This suggests a possible upside of 1.1% 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 2024? Nextracker's stock was trading at $46.85 at the beginning of 2024. Since then, NXT stock has increased by 20.1% and is now trading at $56.27. View the best growth stocks for 2024 here. Are investors shorting Nextracker? Nextracker saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 7,720,000 shares, an increase of 53.8% from the February 29th total of 5,020,000 shares. Based on an average daily trading volume, of 4,290,000 shares, the short-interest ratio is currently 1.8 days. Approximately 5.9% of the company's shares are short sold. View Nextracker's Short Interest. When is Nextracker's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our NXT earnings forecast. How were Nextracker's earnings last quarter? Nextracker Inc. (NASDAQ:NXT) issued its earnings results on Wednesday, January, 31st. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.51. The firm earned $710.43 million during the quarter, compared to analyst estimates of $615.53 million. Nextracker had a net margin of 4.48% and a negative trailing twelve-month return on equity of 5.98%. 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). What guidance has Nextracker issued on next quarter's earnings? Nextracker issued an update on its FY 2024 earnings guidance on Wednesday, January, 31st. The company provided earnings per share (EPS) guidance of 2.550-2.750 for the period, compared to the consensus EPS estimate of 2.120. The company issued revenue guidance of $2.4 billion-$2.5 billion, compared to the consensus revenue estimate of $2.3 billion. 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 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. Who are Nextracker's major shareholders? Nextracker's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (2.94%), Vanguard Group Inc. (3.45%), Norges Bank (1.61%), Handelsbanken Fonder AB (1.20%), Victory Capital Management Inc. (1.05%) and Primecap Management Co. CA (0.63%). 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 3/28/2024 by MarketBeat.com Staff From Our PartnersGrab Your Free Bitcoin Today!Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceTop Project Outperforms BTC in 2023…Crypto 101 MediaFed launches fourth dollar overhaulStansberry ResearchBREAKING: New AI Breakthrough Could Change Healthcare ForeverBehind the MarketsThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryMost important medical advance in 100 yearsThe Oxford Club 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. 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