S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024

Nextracker (NXT) Stock Price, News & Analysis

$58.02
+1.35 (+2.38%)
(As of 03/27/2024 ET)
Today's Range
$56.55
$58.48
50-Day Range
$41.89
$60.89
52-Week Range
$29.28
$62.14
Volume
3.09 million shs
Average Volume
3.28 million shs
Market Capitalization
$7.92 billion
P/E Ratio
31.03
Dividend Yield
N/A
Price Target
$56.91

Nextracker MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
1.9% Downside
$56.91 Price Target
Short Interest
Bearish
5.93% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.53mentions of Nextracker in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.23%
From $2.35 to $2.52 Per Share

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 stars

Oils/Energy Sector

154th out of 242 stocks

Search & Navigation Equipment Industry

7th out of 11 stocks

NXT stock logo

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.

NXT Stock Price History

NXT Stock News Headlines

Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
3 Top-Ranked, Market-Beating Stocks to Buy
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
NXT Dec 2024 70.000 call
NXT Dec 2024 90.000 call
NXT Oct 2024 55.000 put
4 Clean Energy Stocks That Have Defied the Odds
Nextracker to Present at Upcoming Investor Conferences
Nextracker to Present at Upcoming Investor Conferences
7 Solar Stocks That Could Make Your February Unforgettable
NXT Aug 2024 80.000 call
NXT Aug 2024 40.000 put
NEXTracker Unusual Options Activity For February 14
NXT Oct 2024 80.000 call
NXT Oct 2024 50.000 put
See 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.

Company Calendar

Last Earnings
1/31/2024
Today
3/27/2024
Fiscal Year End
3/31/2024
Next Earnings (Estimated)
5/08/2024

Industry, Sector and Symbol

Industry
Search & navigation equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:NXT
Fax
N/A
Employees
606
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$56.91
High Stock Price Target
$73.00
Low Stock Price Target
$39.00
Potential Upside/Downside
-1.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
22 Analysts

Profitability

Net Income
$1.14 million
Pretax Margin
16.00%

Debt

Sales & Book Value

Annual Sales
$1.90 billion
Cash Flow
$0.26 per share
Book Value
($21.35) per share

Miscellaneous

Free Float
136,419,000
Market Cap
$7.92 billion
Optionable
Not Optionable
Beta
N/A
The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.

Get This Free Report

Key Executives

  • Mr. Daniel S. Shugar (Age 60)
    Co-Founder, CEO & Director
    Comp: $885.45k
  • Mr. Howard J. Wenger (Age 64)
    Director & President
    Comp: $785.63k
  • Mr. Nicholas Miller (Age 55)
    Co-Founder & COO
    Comp: $520.09k
  • Mr. David P. Bennett (Age 54)
    Chief Financial Officer
    Comp: $873.04k
  • Mr. Bruce R. Ledesma (Age 56)
    President of Strategy & Administration
    Comp: $758.54k
  • Mr. Marco Garcia
    Co-Founder & Chief Commercial Officer
  • Mr. Alex Au
    Co-Founder & CTO
  • Mr. Mike Mehawich
    Co-Founder & Chief Strategy Officer
  • Ms. Leah Schlesinger Esq. (Age 60)
    General Counsel, Chief Ethics & Compliance Officer and Secretary
    Comp: $344.99k
  • Ms. Kristan Kirsh
    Vice President of Global Marketing

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 year. 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 equities research analysts have issued 1 year target prices for Nextracker's stock. Their NXT share price targets range from $39.00 to $73.00. On average, they predict the company's stock price to reach $56.91 in the next twelve months. This suggests that the stock has a possible downside of 1.9%.
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 the year. Since then, NXT stock has increased by 23.8% and is now trading at $58.02.
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 volume of 4,290,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 5.9% of the shares of the company are sold short.
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) announced its earnings results on Wednesday, January, 31st. The company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.51. The company had revenue of $710.43 million for the quarter, compared to analyst estimates of $615.53 million. Nextracker had a negative trailing twelve-month return on equity of 5.98% and a net margin of 4.48%.

What ETFs hold Nextracker's stock?
What guidance has Nextracker issued on next quarter's earnings?

Nextracker updated 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 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 $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 institutional and retail 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 Partners