NASDAQ:NXT Nextracker (NXT) Stock Price, News & Analysis → Forget the “Magnificent 7” Tech Companies, Buy This AI Stock Instead (From Banyan Hill Publishing) (Ad) Free NXT Stock Alerts $46.72 +3.71 (+8.63%) (As of 02:39 PM ET) Add Compare Share Share Today's Range$45.32▼$49.2450-Day Range$42.25▼$60.5452-Week Range$32.14▼$62.14Volume8.53 million shsAverage Volume4.11 million shsMarket Capitalization$6.38 billionP/E Ratio24.98Dividend YieldN/APrice Target$58.17 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Get Nextracker alerts: Email Address Nextracker MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.83 Rating ScoreUpside/Downside21.0% Upside$57.54 Price TargetShort InterestBearish9.38% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.01Based on 26 Articles This WeekInsider TradingSelling Shares$551,612 Sold Last QuarterProj. Earnings Growth4.27%From $2.34 to $2.44 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.3.62 out of 5 starsOils/Energy Sector61st out of 243 stocksSearch & Navigation Equipment Industry3rd out of 11 stocks 3.4 Analyst's Opinion Consensus RatingNextracker has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 20 buy ratings, 4 hold ratings, and no sell ratings.Amount of Analyst CoverageNextracker has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Nextracker's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted9.38% of the float of Nextracker has been sold short.Short Interest Ratio / Days to CoverNextracker has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Nextracker has recently increased by 6.36%, 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 3.3 News and Social Media Coverage News SentimentNextracker has a news sentiment score of 1.01. 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 0.52 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 26 news articles for Nextracker this week, compared to 4 articles on an average week.Search Interest43 people have searched for NXT on MarketBeat in the last 30 days. This is an increase of 2% compared to the previous 30 days.MarketBeat FollowsOnly 12 people have added Nextracker to their MarketBeat watchlist in the last 30 days. This is a decrease of -8% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 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.Read more about Nextracker's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Nextracker are expected to grow by 4.27% in the coming year, from $2.34 to $2.44 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Nextracker is 25.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.61.Price to Earnings Ratio vs. SectorThe P/E ratio of Nextracker is 25.44, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 14.61.Price to Earnings Growth RatioNextracker has a PEG Ratio of 0.38. PEG Ratios below 1 indicate that a company could be undervalued.Read more about Nextracker's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Banyan Hill PublishingForget the “Magnificent 7” Tech Companies, Buy This AI Stock InsteadThe AI boom continues to snowball with no signs of slowing... Google CEO, Sundar Pichai, made waves during a recent call with analysts, reminding them that the search engine company has been “AI first” since 2016.Get the full story here. 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.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 HeadlinesMay 15 at 10:49 AM | msn.comWhy Is Nextracker Stock Seeing Blue Skies Premarket Wednesday?May 15 at 10:49 AM | seekingalpha.comNextracker shares charge higher as robust demand fuels earnings beatMay 15 at 8:39 AM | barrons.comNextracker Stock Shines as Earnings Benefit From Strong Demand and Cost DisciplineMay 15 at 5:48 AM | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Nvidia (NVDA) and NEXTracker, Inc. Class A (NXT)May 15 at 5:48 AM | finance.yahoo.comNEXTracker Inc (NXT) (Q4 2024) Earnings Call Transcript Highlights: Stellar Growth and ...May 14 at 9:55 PM | investopedia.comNextracker Stock Jumps as Demand for Solar Tracking Solutions Drives Earnings BeatMay 14 at 5:27 PM | seekingalpha.comNextracker Inc. 2024 Q4 - Results - Earnings Call PresentationMay 14 at 4:05 PM | businesswire.comNextracker Reports Q4 and FY24 Financial ResultsMay 7, 2024 | americanbankingnews.comNextracker (NXT) to Release Earnings on TuesdayApril 26, 2024 | bizjournals.comJM Steel to double capacity — and clean energy work — at growing steel plant in LeetsdaleApril 26, 2024 | businesswire.comNextracker and JENNMAR Subsidiary JM Steel Bolster U.S. Supply Chain with New Facility Expansion to Triple Capacity for Solar Energy ProjectsApril 25, 2024 | finance.yahoo.comNextracker Inc. (NXT)April 23, 2024 | finance.yahoo.comNextracker Launches Industry’s First Low Carbon Solar Tracker SolutionApril 23, 2024 | businesswire.comNextracker Launches Industry's First Low Carbon Solar Tracker SolutionApril 18, 2024 | nasdaq.comNextracker Breaks Below 200-Day Moving Average - Notable for NXTApril 18, 2024 | businesswire.comNextracker to Announce Fourth Quarter Fiscal 2024 and Full-Year Results on May 14, 2024April 13, 2024 | uk.investing.comNextracker shares target cut by Piper SandlerApril 11, 2024 | seekingalpha.comNextracker: Multiple Drivers To Aim For A Prosperous FutureApril 7, 2024 | investorplace.comThe 3 Best Growth Stocks to Buy in April 2024April 5, 2024 | investing.comNextracker COO sells over $440k in company stockApril 5, 2024 | investing.comNextracker executive Leah Schlesinger sells over $111k in stockApril 2, 2024 | msn.comNextracker cut, Array Technologies raised at Barclays in solar stock switchMarch 31, 2024 | nasdaq.comValidea Detailed Fundamental Analysis - NXTMarch 29, 2024 | finance.yahoo.comInstitutional owners may ignore Nextracker Inc.'s (NASDAQ:NXT) recent US$273m market cap decline as longer-term profits stay in the greenMarch 26, 2024 | investing.comNextracker shares initiated at Market Perform with $69 targetSee 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 Earnings7/26/2023Today5/15/2024Fiscal Year End3/31/2025Get 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$58.17 High Stock Price Target$71.00 Low Stock Price Target$43.00 Potential Upside/Downside+35.3%Consensus RatingModerate Buy Rating Score (0-4)2.83 Research Coverage23 Analysts Profitability EPS (Most Recent Fiscal Year)$1.87 Trailing P/E Ratio23.00 Forward P/E Ratio18.38 P/E Growth0.37Net 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$2.28 billion Price / Sales2.57 Cash Flow$0.27 per share Price / Cash Flow162.21 Book Value($21.35) per share Price / Book-2.01Miscellaneous Outstanding Shares136,542,000Free Float136,419,000Market Cap$5.87 billion OptionableNot Optionable Beta2.42 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.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 CompetitorsNew Fortress EnergyNASDAQ:NFEEquitrans MidstreamNYSE:ETRNPBF EnergyNYSE:PBFSM EnergyNYSE:SMEnLink MidstreamNYSE:ENLCView All CompetitorsInsiders & InstitutionsQuadrature Capital LtdBought 192,346 shares on 5/15/2024Ownership: 0.141%PEAK6 Investments LLCBought 112,717 shares on 5/15/2024Ownership: 0.000%Lazard Asset Management LLCBought 87,769 shares on 5/15/2024Ownership: 0.071%1832 Asset Management L.P.Bought 275 shares on 5/15/2024Ownership: 0.059%Magnetar Financial LLCBought 60,987 shares on 5/15/2024Ownership: 0.045%View All Insider TransactionsView All Institutional Transactions NXT Stock Analysis - Frequently Asked Questions Should I buy or sell Nextracker stock right now? 24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nextracker in the last year. There are currently 4 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street 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? 24 Wall Street research analysts have issued 1-year price objectives for Nextracker's stock. Their NXT share price targets range from $43.00 to $71.00. On average, they predict the company's share price to reach $57.54 in the next year. This suggests a possible upside of 21.0% 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 stock has increased by 1.5% and is now trading at $47.57. View the best growth stocks for 2024 here. When is Nextracker's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024. View our NXT earnings forecast. How were Nextracker's earnings last quarter? Nextracker Inc. (NASDAQ:NXT) posted its quarterly earnings data on Wednesday, July, 26th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.18. The company had revenue of $479.50 million for the quarter, compared to the consensus estimate of $473.69 million. Nextracker had a net margin of 4.48% and a negative trailing twelve-month return on equity of 5.98%. The company's revenue for the quarter was up 18.9% compared to the same quarter last year. What ETFs hold Nextracker's stock? ETFs with the largest weight of Nextracker (NASDAQ:NXT) stock in their portfolio include Invesco Solar ETF (TAN), Global X Clean Tech ETF (CTEC), 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), iShares Global Clean Energy ETF (ICLN) and Global X Solar ETF (RAYS). What guidance has Nextracker issued on next quarter's earnings? Nextracker issued an update on its FY 2025 earnings guidance on Tuesday, May, 14th. The company provided earnings per share (EPS) guidance of 2.890-3.090 for the period, compared to the consensus earnings per share estimate of 3.150. The company issued revenue guidance of $2.8 billion-$2.9 billion, compared to the consensus revenue estimate of $2.9 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 acted 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 Vanguard Group Inc. (9.18%), Assenagon Asset Management S.A. (1.16%), Westfield Capital Management Co. LP (0.59%), Jennison Associates LLC (0.46%), Canada Pension Plan Investment Board (0.35%) and Healthcare of Ontario Pension Plan Trust Fund (0.35%). 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 5/15/2024 by MarketBeat.com Staff From Our PartnersBill Clinton Backing Biden Replacement???The Freeport SocietyDoes this make you sick?Allegiance Goldis this a buy and hold stock?Tips4TradersTech GIANT’s Plans to Revolutionize Crypto…Crypto 101 MediaThe 2024 Gold Rush: Unleashing Market PotentialPriority GoldTrump Reveals Conspiracy Behind Fed-Controlled Digital Currency.Monetary GoldForget the “Magnificent 7” Tech Companies, Buy This AI Stock InsteadBanyan Hill PublishingTop 5 Tech Stocks to Buy for 2024Daily Market Alerts 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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