NASDAQ:NXT Nextracker (NXT) Stock Price, News & Analysis → Protect Your Bank Account Before It’s Too Late (From Weiss Ratings) (Ad) Free NXT Stock Alerts $56.77 +5.45 (+10.62%) (As of 05/24/2024 04:00 PM ET) Add Compare Share Share Today's Range$51.25▼$56.9450-Day Range$42.25▼$59.1652-Week Range$32.14▼$62.14Volume5.37 million shsAverage Volume4.20 million shsMarket Capitalization$7.75 billionP/E Ratio16.90Dividend YieldN/APrice Target$58.52 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrends Get Nextracker alerts: Email Address Nextracker MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.83 Rating ScoreUpside/Downside3.1% Upside$58.52 Price TargetShort InterestBearish9.38% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.70Based on 13 Articles This WeekInsider TradingSelling Shares$1.08 M Sold Last QuarterProj. Earnings Growth18.30%From $2.24 to $2.65 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.2.64 out of 5 starsOils/Energy Sector148th out of 242 stocksSearch & Navigation Equipment Industry7th out of 11 stocks 2.4 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 19 buy ratings, 4 hold ratings, and no sell ratings.Amount of Analyst CoverageNextracker has been the subject of 15 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 3.2 News and Social Media Coverage News SentimentNextracker has a news sentiment score of 0.70. 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 13 news articles for Nextracker this week, compared to 4 articles on an average week.Search Interest54 people have searched for NXT on MarketBeat in the last 30 days. This is an increase of 32% compared to the previous 30 days.MarketBeat Follows15 people have added Nextracker to their MarketBeat watchlist in the last 30 days. This is an increase of 36% 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 $1,084,460.00 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 18.30% in the coming year, from $2.24 to $2.65 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Nextracker is 16.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.64.Price to Earnings Ratio vs. SectorThe P/E ratio of Nextracker is 16.90, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.86.Read more about Nextracker's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Weiss RatingsWho are Nvidia’s New Silent Partners?Nvidia recently became just the third $2 trillion company. But Nvidia can’t do everything by itself.I call these Nvidia’s “Silent Partners.” 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 23, 2024 | insidertrades.comInsider Selling: Nextracker Inc. (NASDAQ:NXT) Insider Sells 12,135 Shares of StockMay 16, 2024 | marketbeat.comNextracker: Solar Stock Rising With New Highs in SightNextracker NASDAQ: NXT shares surged more than 10%, giving signs of bottoming and reversal that could return the market to its all-time highs. The surge is driven by strength in results, including a solid outlook for demand and a growing backlog that will keep the company business for the next few years.May 16, 2024 | marketbeat.comNextracker: Solar Stock Rising With New Highs in SightNextracker had a blowout quarter driven by rising demand and a growing backlog. Results are highlighted by wider margins and surging profits.May 26 at 9:58 PM | investorplace.comSpinoff Speed Demons: How Much Further Can These 3 Stocks Run?May 24 at 1:08 PM | sg.finance.yahoo.comNXT Jun 2024 50.000 putMay 24 at 6:00 AM | investorplace.comInvesting on Steroids: 7 High-Growth Stocks for the Bold and DaringMay 24 at 5:44 AM | americanbankingnews.comNextracker Inc. (NASDAQ:NXT) Insider Bruce Ledesma Sells 12,135 SharesMay 22, 2024 | benzinga.comNEXTracker's Options Frenzy: What You Need to KnowMay 22, 2024 | finance.yahoo.comCould The Market Be Wrong About Nextracker Inc. (NASDAQ:NXT) Given Its Attractive Financial Prospects?May 19, 2024 | americanbankingnews.comNextracker (NASDAQ:NXT) Given "Buy" Rating at Roth MkmMay 19, 2024 | americanbankingnews.comBMO Capital Markets Trims Nextracker (NASDAQ:NXT) Target Price to $56.00May 19, 2024 | americanbankingnews.comNextracker (NASDAQ:NXT) Upgraded to "Overweight" by Fox AdvisorsMay 18, 2024 | investorplace.comRenewable Riches: 3 Stocks Harnessing the Power of Green EnergyMay 17, 2024 | americanbankingnews.comNextracker (NASDAQ:NXT) Price Target Cut to $64.00May 17, 2024 | americanbankingnews.comNextracker (NASDAQ:NXT) Stock Rating Reaffirmed by Truist FinancialMay 17, 2024 | americanbankingnews.comNextracker (NASDAQ:NXT) Shares Down 4.7% After Analyst DowngradeMay 16, 2024 | benzinga.comLooking At NEXTracker's Recent Unusual Options ActivityMay 15, 2024 | msn.comNEXTracker Posts Upbeat Earnings, Joins monday.com, Nu Holdings And Other Big Stocks Moving Higher On WednesdayMay 15, 2024 | msn.comWhy Is Nextracker Stock Seeing Blue Skies Premarket Wednesday?May 15, 2024 | seekingalpha.comNextracker shares charge higher as robust demand fuels earnings beatMay 15, 2024 | barrons.comNextracker Stock Shines as Earnings Benefit From Strong Demand and Cost DisciplineMay 15, 2024 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Nvidia (NVDA) and NEXTracker, Inc. Class A (NXT)May 15, 2024 | finance.yahoo.comNEXTracker Inc (NXT) (Q4 2024) Earnings Call Transcript Highlights: Stellar Growth and ...May 14, 2024 | investopedia.comNextracker Stock Jumps as Demand for Solar Tracking Solutions Drives Earnings BeatMay 14, 2024 | seekingalpha.comNextracker Inc. 2024 Q4 - Results - Earnings Call PresentationSee 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 Earnings7/26/2023Today5/27/2024Next Earnings (Estimated)7/24/2024Fiscal 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$58.52 High Stock Price Target$71.00 Low Stock Price Target$43.00 Potential Upside/Downside+3.1%Consensus RatingModerate Buy Rating Score (0-4)2.83 Research Coverage23 Analysts Profitability EPS (Most Recent Fiscal Year)$3.36 Trailing P/E Ratio16.90 Forward P/E Ratio25.34 P/E GrowthN/ANet Income$306.24 million Net Margins12.25% Pretax Margin16.00% Return on Equity-9.15% Return on Assets14.41% Debt Debt-to-Equity RatioN/A Current Ratio1.87 Quick Ratio1.60 Sales & Book Value Annual Sales$2.50 billion Price / Sales3.10 Cash Flow$0.26 per share Price / Cash Flow217.95 Book Value($21.35) per share Price / Book-2.66Miscellaneous Outstanding Shares136,540,000Free Float136,419,000Market Cap$7.75 billion OptionableNot Optionable Beta2.42 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.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 CompetitorsKinetikNASDAQ:KNTKDT MidstreamNYSE:DTMMurphy OilNYSE:MURViper EnergyNASDAQ:VNOMEnLink MidstreamNYSE:ENLCView All CompetitorsInsiders & InstitutionsCetera Advisors LLCBought 5,125 shares on 5/24/2024Ownership: 0.004%Virtu Financial LLCBought 26,700 shares on 5/20/2024Ownership: 0.028%Bruce LedesmaSold 12,135 sharesTotal: $532,847.85 ($43.91/share)Walleye Trading LLCBought 42,100 shares on 5/17/2024Ownership: 0.000%Comerica BankBought 26,577 shares on 5/17/2024Ownership: 0.068%View All Insider TransactionsView All Institutional Transactions NXT Stock Analysis - Frequently Asked Questions Should I buy or sell Nextracker stock right now? 23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nextracker in the last year. There are currently 4 hold ratings and 19 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? 23 Wall Street analysts have issued 12 month price objectives for Nextracker's shares. Their NXT share price targets range from $43.00 to $71.00. On average, they predict the company's share price to reach $58.52 in the next twelve months. This suggests a possible upside of 3.1% 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 start of the year. Since then, NXT stock has increased by 21.2% and is now trading at $56.77. 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) released its quarterly earnings data on Wednesday, July, 26th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.18. The company had revenue of $479.50 million for the quarter, compared to analyst estimates of $473.69 million. Nextracker had a net margin of 12.25% and a negative trailing twelve-month return on equity of 9.15%. Nextracker's quarterly revenue 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), ProShares S&P Kensho Cleantech ETF (CTEX), ALPS Clean Energy ETF (ACES), iShares Global Clean Energy ETF (ICLN), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), SPDR S&P Kensho Clean Power ETF (CNRG) and Fidelity Clean Energy ETF (FRNW). What guidance has Nextracker issued on next quarter's earnings? Nextracker updated 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 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 initial public offering (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 investors include Vanguard Group Inc. (9.18%), Assenagon Asset Management S.A. (1.16%), Jacobs Levy Equity Management Inc. (0.63%), Earnest Partners LLC (0.61%), Westfield Capital Management Co. LP (0.59%) and Jennison Associates LLC (0.46%). Insiders that own company stock include Bruce Ledesma, 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 5/27/2024 by MarketBeat.com Staff From Our PartnersA letter is coming from the "Bureau of the Fiscal Service".Stansberry Research[FREE Ticket] 27 Crypto Experts Reveal Their #1 Picks Crypto 101 MediaWARNING about the death of the U.S. dollar…Colonial MetalsBiden replacement revealed?Paradigm PressTop 5 AI Stocks to Buy for 2024Market Moving TrendsClaim Your Complimentary Bitcoin RewardCrypto Swap ProfitsMissed NVDA? Buy this AI stock NOWChaikin AnalyticsNew Options need New Trading StrategiesNetpicks 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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