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 3 hold ratings and 19 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 research analysts have issued 1-year price objectives for Nextracker's stock. Their NXT share price targets range from $43.00 to $73.00. On average, they predict the company's share price to reach $59.18 in the next twelve months. This suggests a possible upside of 34.5% 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 the year. Since then, NXT shares have decreased by 6.1% and is now trading at $44.00. View the best growth stocks for 2024 here .

Are investors shorting Nextracker?

Nextracker saw a increase in short interest in March. As of March 31st, there was short interest totaling 9,820,000 shares, an increase of 27.2% from the March 15th total of 7,720,000 shares. Based on an average daily volume of 4,120,000 shares, the short-interest ratio is currently 2.4 days. Currently, 7.6% of the company's stock 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 Tuesday, May 14th 2024. View our NXT earnings forecast .

How can I listen to Nextracker's earnings call?

Nextracker will be holding an earnings conference call on Tuesday, May 14th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link .

How were Nextracker's earnings last quarter?

Nextracker Inc. (NASDAQ:NXT) posted its quarterly earnings results on Wednesday, January, 31st. The company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.51. The company had revenue of $710.43 million for the quarter, compared to analysts' expectations 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?

ETFs with the largest weight of Nextracker (NASDAQ:NXT) stock in their portfolio include Invesco Solar ETF (TAN) , ALPS Clean Energy ETF (ACES) , ProShares S&P Kensho Cleantech ETF (CTEX) , First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) , SPDR S&P Kensho Clean Power ETF (CNRG) , Virtus Duff & Phelps Clean Energy ETF (VCLN) , Global X Solar ETF (RAYS) and Neuberger Berman Disrupters ETF (NBDS) .

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 EPS guidance of 2.550-2.750 for the period, compared to the consensus earnings per share 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 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 shareholders include Allspring Global Investments Holdings LLC (0.33%), Renaissance Capital LLC (0.06%), Artemis Investment Management LLP (0.06%), Hodges Capital Management Inc. (0.04%), Graphene Investments SAS (0.03%) and IMC Chicago LLC (0.00%). Insiders that own company stock include Leah Schlesinger, Nicholas Marco Miller and Tpg Gp A, Llc. 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 .

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NASDAQ:NXT

Nextracker (NXT) Stock Price, News & Analysis

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$44.00

-0.53 (-1.19%)

(As of 05:21 PM ET)

Compare

Today's Range: $43.47
▼
$44.83
50-Day Range: $43.69
▼
$60.89
52-Week Range: $29.28
▼
$62.14

Volume: 5.04 million shs
Average Volume: 4.28 million shs
Market Capitalization: $6.01 billion

P/E Ratio: 23.53
Dividend Yield: N/A
Price Target: $59.41

Get Nextracker alerts:

Nextracker MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.86 Rating Score
Upside/Downside: 34.5% Upside
$59.18 Price Target
Short Interest: Bearish
7.55% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.43
Based on 8 Articles This Week
Insider Trading: Selling Shares
$551,612 Sold Last Quarter
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.

4.23 out of 5 stars

Oils/Energy Sector

41st out of 227 stocks

Search & Navigation Equipment Industry

2nd out of 11 stocks

4.4

Analyst's Opinion

Consensus Rating
Nextracker has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 19 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Nextracker has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
7.55% 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 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Nextracker has recently increased by 27.20%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Nextracker does not currently pay a dividend.
Dividend Growth
Nextracker does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NXT.

2.5

News and Social Media Coverage

News Sentiment
Nextracker has a news sentiment score of 0.43. 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 Week
MarketBeat has tracked 8 news articles for Nextracker this week, compared to 4 articles on an average week.
Search Interest
40 people have searched for NXT on MarketBeat in the last 30 days. This is an increase of 11% compared to the previous 30 days.
MarketBeat Follows
Only 16 people have added Nextracker to their MarketBeat watchlist in the last 30 days. This is a decrease of -6% compared to the previous 30 days.

2.5

Company Ownership

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 $551,612.00 in company stock.
Percentage Held by Insiders
Only 0.09% 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The P/E ratio of Nextracker is 23.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.45.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nextracker is 23.53, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 19.60.
Price to Earnings Growth Ratio
Nextracker has a PEG Ratio of 0.38. PEG Ratios below 1 indicate that a company could be undervalued.

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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

30 days | 90 days | 365 days | Advanced Chart

NXT Stock News Headlines

April 4, 2024 | insidertrades.com

Nextracker Inc. (NASDAQ:NXT) Insider Sells $111,554.59 in Stock

April 18, 2024 | nasdaq.com

Nextracker Breaks Below 200-Day Moving Average - Notable for NXT

April 19, 2024 | Crypto Swap Profits (Ad)

He Is Giving Away Bitcoin

April 18, 2024 | businesswire.com

Nextracker to Announce Fourth Quarter Fiscal 2024 and Full-Year Results on May 14, 2024

April 13, 2024 | uk.investing.com

Nextracker shares target cut by Piper Sandler

April 13, 2024 | americanbankingnews.com

Nextracker (NASDAQ:NXT) Price Target Cut to $64.00

April 11, 2024 | seekingalpha.com

Nextracker: Multiple Drivers To Aim For A Prosperous Future

April 11, 2024 | americanbankingnews.com

Nextracker (NASDAQ:NXT) Price Target Increased to $60.00 by Analysts at Bank of America

April 19, 2024 | Crypto Swap Profits (Ad)

He Is Giving Away Bitcoin

April 9, 2024 | americanbankingnews.com

Nextracker Inc. (NASDAQ:NXT) Receives Consensus Recommendation of "Moderate Buy" from Analysts

April 7, 2024 | investorplace.com

The 3 Best Growth Stocks to Buy in April 2024

April 5, 2024 | investing.com

Nextracker COO sells over $440k in company stock

April 5, 2024 | investing.com

Nextracker executive Leah Schlesinger sells over $111k in stock

April 2, 2024 | msn.com

Nextracker cut, Array Technologies raised at Barclays in solar stock switch

March 31, 2024 | nasdaq.com

Validea Detailed Fundamental Analysis - NXT

March 29, 2024 | finance.yahoo.com

Institutional owners may ignore Nextracker Inc.'s (NASDAQ:NXT) recent US$273m market cap decline as longer-term profits stay in the green

March 26, 2024 | investing.com

Nextracker shares initiated at Market Perform with $69 target

March 22, 2024 | msn.com

Nextracker's Solar Ascendancy: Analyst Forecasts Doubling of Addressable Market Despite Valuation Hurdles

March 22, 2024 | markets.businessinsider.com

NEXTracker, Inc.: Market Leader with Strong Growth Prospects, but Fully Valued – Maintaining Hold Rating

March 22, 2024 | finance.yahoo.com

3 Top-Ranked, Market-Beating Stocks to Buy

March 18, 2024 | businesswire.com

Nextracker Announces Chuck Boynton as New Chief Financial Officer

March 17, 2024 | ca.finance.yahoo.com

NXT Dec 2024 70.000 call

March 16, 2024 | ca.finance.yahoo.com

NXT Dec 2024 90.000 call

March 13, 2024 | finance.yahoo.com

Nextracker and Orrcon Steel to Deliver Sovereign Capability in Australia

March 13, 2024 | businesswire.com

Nextracker and Orrcon Steel to Deliver Sovereign Capability in Australia

March 9, 2024 | finance.yahoo.com

NXT Oct 2024 55.000 put

February 29, 2024 | finance.yahoo.com

Nextracker (NASDAQ:NXT) Will Be Hoping To Turn Its Returns On Capital Around

See More Headlines

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Company Calendar

Last Earnings: 1/31/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 3/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Oils/Energy
Industry: Search & navigation equipment
Sub-Industry: N/A
Current Symbol: NASDAQ:NXT
CUSIP: N/A
CIK: 1852131
Web: www.nextracker.com
Phone: 510-270-2500
Fax: N/A
Employees: 606
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $59.41
High Stock Price Target: $73.00
Low Stock Price Target: $43.00
Potential Upside/Downside: +33.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.86
Research Coverage: 22 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.87
Trailing P/E Ratio: 23.81
Forward P/E Ratio: 18.95
P/E Growth: 0.38
Net Income: $1.14 million
Net Margins: 4.48%
Pretax Margin: 16.00%
Return on Equity: -5.98%
Return on Assets: 10.11%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.87
Quick Ratio: 1.60

Sales & Book Value

Annual Sales: $1.90 billion
Price / Sales: 3.20
Cash Flow: $0.26 per share
Price / Cash Flow: 171.84
Book Value: ($21.35) per share
Price / Book: -2.09

Miscellaneous

Outstanding Shares: 136,540,000
Free Float: 136,419,000
Market Cap: $6.08 billion
Optionable: Not Optionable
Beta: 1.94

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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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View 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 year. There are currently 3 hold ratings and 19 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 research analysts have issued 1-year price objectives for Nextracker's stock. Their NXT share price targets range from $43.00 to $73.00. On average, they predict the company's share price to reach $59.18 in the next twelve months. This suggests a possible upside of 34.5% 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 the year. Since then, NXT shares have decreased by 6.1% and is now trading at $44.00.
View the best growth stocks for 2024 here.
Are investors shorting Nextracker?: Nextracker saw a increase in short interest in March. As of March 31st, there was short interest totaling 9,820,000 shares, an increase of 27.2% from the March 15th total of 7,720,000 shares. Based on an average daily volume of 4,120,000 shares, the short-interest ratio is currently 2.4 days. Currently, 7.6% of the company's stock 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 Tuesday, May 14th 2024.
View our NXT earnings forecast.
How can I listen to Nextracker's earnings call?: Nextracker will be holding an earnings conference call on Tuesday, May 14th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Nextracker's earnings last quarter?: Nextracker Inc. (NASDAQ:NXT) posted its quarterly earnings results on Wednesday, January, 31st. The company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.51. The company had revenue of $710.43 million for the quarter, compared to analysts' expectations 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?: ETFs with the largest weight of Nextracker (NASDAQ:NXT) stock in their portfolio include Invesco Solar ETF (TAN), ALPS Clean Energy ETF (ACES), ProShares S&P Kensho Cleantech ETF (CTEX), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), SPDR S&P Kensho Clean Power ETF (CNRG), Virtus Duff & Phelps Clean Energy ETF (VCLN), Global X Solar ETF (RAYS) and Neuberger Berman Disrupters ETF (NBDS).
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 EPS guidance of 2.550-2.750 for the period, compared to the consensus earnings per share 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 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 shareholders include Allspring Global Investments Holdings LLC (0.33%), Renaissance Capital LLC (0.06%), Artemis Investment Management LLP (0.06%), Hodges Capital Management Inc. (0.04%), Graphene Investments SAS (0.03%) and IMC Chicago LLC (0.00%). Insiders that own company stock include Leah Schlesinger, Nicholas Marco Miller and Tpg Gp A, Llc.
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 4/19/2024 by MarketBeat.com Staff

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Nextracker (NXT) Stock Price, News & Analysis

Nextracker MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Nextracker Stock (NASDAQ:NXT)

NXT Stock Price History

NXT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

NXT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™