NASDAQ:NXT Nextracker (NXT) Stock Price, News & Analysis $34.60 -1.44 (-4.00%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$34.18▼$36.2750-Day Range$34.60▼$51.7652-Week Range$32.14▼$62.31Volume4.26 million shsAverage Volume3.89 million shsMarket Capitalization$5.02 billionP/E Ratio10.30Dividend YieldN/APrice Target$57.91 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrends Get Nextracker alerts: Email Address Nextracker MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.78 Rating ScoreUpside/Downside67.4% Upside$57.91 Price TargetShort InterestHealthy7.11% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.02Based on 9 Articles This WeekInsider TradingN/AProj. Earnings Growth18.29%From $2.57 to $3.04 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.4.33 out of 5 starsOils/Energy Sector51st out of 239 stocksSearch & Navigation Equipment Industry2nd out of 11 stocks 4.4 Analyst's Opinion Consensus RatingNextracker has received a consensus rating of Moderate Buy. The company's average rating score is 2.78, and is based on 18 buy ratings, 5 hold ratings, and no sell ratings.Amount of Analyst CoverageNextracker has been the subject of 9 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 3.0 Short Interest Percentage of Shares Shorted7.11% of the float of Nextracker has been sold short.Short Interest Ratio / Days to CoverNextracker has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Nextracker has recently decreased by 2.56%, indicating that investor sentiment is improving. 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 2.8 News and Social Media Coverage News SentimentNextracker has a news sentiment score of 1.02. 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 0.65 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Nextracker this week, compared to 6 articles on an average week.Search InterestOnly 31 people have searched for NXT on MarketBeat in the last 30 days. This is a decrease of -28% compared to the previous 30 days.MarketBeat FollowsOnly 11 people have added Nextracker to their MarketBeat watchlist in the last 30 days. This is a decrease of -27% 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 0.27% 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 3.1 Earnings and Valuation Earnings GrowthEarnings for Nextracker are expected to grow by 18.29% in the coming year, from $2.57 to $3.04 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Nextracker is 10.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.02.Price to Earnings Ratio vs. SectorThe P/E ratio of Nextracker is 10.30, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.67.Price to Earnings Growth RatioNextracker has a PEG Ratio of 5.87. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioNextracker has a P/B Ratio of 4.42. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Nextracker's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Weiss Ratings“Fed Proof” Your Bank Account with THESE 4 Simple StepsStarting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.Learn these 4 simple steps and protect your savings before it’s too late. About Nextracker Stock (NASDAQ:NXT)Nextracker Inc., an energy solutions company, provides solar tracker and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; 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 TrueCapture, a self-adjusting tracker control system, which boosts solar power plant production by optimizing the position of individual tracker row in response to site features, such as varying topography and changing weather conditions; and NX Navigator, that assists solar power plant owners and operators in monitoring, controlling, and protecting their solar projects. The company was founded in 2013 and is headquartered in Fremont, California. As of March 31, 2024 Nextracker Inc. was formerly a subsidiary of Flex Ltd.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 HeadlinesSeptember 5 at 4:39 PM | msn.comJefferies Initiates Coverage of Nextracker (NXT) with Hold RecommendationSeptember 5 at 4:37 AM | americanbankingnews.comNextracker (NASDAQ:NXT) Coverage Initiated by Analysts at Jefferies Financial GroupSeptember 7, 2024 | Golden Crest (Ad)Biden’s Capital Gains Tax to Devastate Savings!Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.August 30, 2024 | msn.comNextracker (NXT) Stock Moves 0.82%: What You Should KnowAugust 28, 2024 | americanbankingnews.comHead-To-Head Review: Nextracker (NASDAQ:NXT) and Three Sixty Solar (OTCMKTS:VSOLF)August 28, 2024 | seekingalpha.comNextracker Is On Track To Deliver Better ReturnsAugust 28, 2024 | americanbankingnews.comAnalyzing Nextracker (NASDAQ:NXT) and TGI Solar Power Group (OTCMKTS:TSPG)August 27, 2024 | msn.com3 Clean Energy Stocks to Capitalize on Surging Power DemandSeptember 7, 2024 | Golden Crest (Ad)Biden’s Capital Gains Tax to Devastate Savings!Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.August 27, 2024 | seekingalpha.comNextracker: Tracking, Not BuyingAugust 25, 2024 | finance.yahoo.comReturns On Capital Are A Standout For Nextracker (NASDAQ:NXT)August 23, 2024 | msn.comSolar, clean energy stocks surge as Powell points to imminent rate cutsAugust 21, 2024 | msn.com3 Best Stocks to Buy Now, 8/21/2024, According to Top AnalystsAugust 17, 2024 | msn.comHere's How Much a $1000 Investment in Flex Made 10 Years Ago Would Be Worth TodayAugust 14, 2024 | investorplace.comBank of America Says Buy These 3 Stocks for a Double-Digit RallyAugust 1, 2024 | finance.yahoo.comNextracker Reports Q1 FY25 Financial ResultsAugust 1, 2024 | theglobeandmail.comNextracker (NASDAQ:NXT) Beats Q2 Sales TargetsAugust 1, 2024 | seekingalpha.comNextracker Inc. (NXT) Q1 2025 Earnings Call TranscriptSee 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 Earnings8/01/2024Today9/07/2024Next Earnings (Estimated)10/23/2024Fiscal 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/AEmployees1,050Year FoundedN/APrice Target and Rating Average Stock Price Target$57.91 High Stock Price Target$71.00 Low Stock Price Target$43.00 Potential Upside/Downside+67.4%Consensus RatingModerate Buy Rating Score (0-4)2.78 Research Coverage23 Analysts Profitability EPS (Most Recent Fiscal Year)$3.36 Trailing P/E Ratio10.30 Forward P/E Ratio13.46 P/E Growth5.87Net Income$306.24 million Net Margins14.87% Pretax Margin25.08% Return on Equity-36.33% Return on Assets14.22% Debt Debt-to-Equity Ratio0.13 Current Ratio2.11 Quick Ratio1.91 Sales & Book Value Annual Sales$2.74 billion Price / Sales1.83 Cash Flow$2.35 per share Price / Cash Flow14.74 Book Value$7.82 per share Price / Book4.42Miscellaneous Outstanding Shares145,147,000Free Float144,755,000Market Cap$5.02 billion OptionableNot Optionable Beta2.49 Reduce the RiskMarket downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.Get This Free Report Key ExecutivesMr. Daniel S. Shugar (Age 60)Co-Founder, CEO & Director Comp: $3.16MMr. Howard J. Wenger (Age 64)Director & President Comp: $1.29MMr. Nicholas Miller (Age 55)Co-Founder & COO Comp: $910.2kMr. Charles D. Boynton (Age 56)Chief Financial Officer Comp: $107.5kMr. David P. Bennett (Age 54)Chief Accounting Officer Comp: $1.21MMr. Bruce R. Ledesma (Age 56)President of Strategy, Software & Administration Comp: $1.31MMr. Marco GarciaCo-Founder & Chief Commercial OfficerMr. Alex AuCo-Founder & CTOMr. Mike MehawichCo-Founder & Chief Strategy OfficerMs. Mary LaiVice President of IR & Financial CommunicationsMore ExecutivesKey CompetitorsTeledyne TechnologiesNYSE:TDYLeonardo DRSNASDAQ:DRSNextNavNASDAQ:NNIntuitive MachinesNASDAQ:LUNRInflection Point AcquisitionNASDAQ:IPAXView All CompetitorsInsiders & InstitutionsSanctuary Advisors LLCBought 8,774 shares on 9/5/2024Ownership: 0.006%Sycomore Asset ManagementBought 21,688 shares on 8/28/2024Ownership: 0.165%Teachers Retirement System of The State of KentuckyBought 43,580 shares on 8/26/2024Ownership: 0.052%Cetera Investment AdvisersBought 7,910 shares on 8/22/2024Ownership: 0.017%Truist Financial CorpBought 4,507 shares on 8/21/2024Ownership: 0.008%View All Insider TransactionsView All Institutional Transactions NXT Stock Analysis - Frequently Asked Questions How have NXT shares performed this year? Nextracker's stock was trading at $46.85 at the beginning of the year. Since then, NXT shares have decreased by 26.1% and is now trading at $34.60. View the best growth stocks for 2024 here. How were Nextracker's earnings last quarter? Nextracker Inc. (NASDAQ:NXT) issued its quarterly earnings results on Thursday, August, 1st. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.27. The company's revenue was up 50.1% on a year-over-year basis. 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 top institutional investors include Primecap Management Co. CA (5.51%), TPG GP A LLC (2.06%), Victory Capital Management Inc. (1.41%) and Dimensional Fund Advisors LP (1.22%). Insiders that own company stock include Tpg Gp A, Llc, Bruce Ledesma, Leah Schlesinger and Nicholas Marco Miller. 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 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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