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NASDAQ:NXT

Nextracker (NXT) Stock Price, News & Analysis

Nextracker logo
$35.15 +1.31 (+3.87%)
(As of 12/20/2024 05:31 PM ET)

About Nextracker Stock (NASDAQ:NXT)

Key Stats

Today's Range
$33.29
$36.15
50-Day Range
$31.29
$44.09
52-Week Range
$30.93
$62.31
Volume
7.31 million shs
Average Volume
3.59 million shs
Market Capitalization
$5.12 billion
P/E Ratio
8.77
Dividend Yield
N/A
Price Target
$52.90
Consensus Rating
Moderate Buy

Company Overview

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.

Nextracker Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
70th Percentile Overall Score

NXT MarketRank™: 

Nextracker scored higher than 70% of companies evaluated by MarketBeat, and ranked 115th out of 271 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Nextracker has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 16 buy ratings, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Nextracker 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.
  • Earnings Growth

    Earnings for Nextracker are expected to grow by 5.49% in the coming year, from $2.73 to $2.88 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Nextracker is 8.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.79.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Nextracker is 8.77, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.18.

  • Price to Book Value per Share Ratio

    Nextracker has a P/B Ratio of 5.12. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    8.54% 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 4.1.
  • Change versus previous month

    Short interest in Nextracker has recently increased by 3.30%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Nextracker does not currently pay a dividend.

  • Dividend Growth

    Nextracker does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    8.54% 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 4.1.
  • Change versus previous month

    Short interest in Nextracker has recently increased by 3.30%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Nextracker has a news sentiment score of 0.51. 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 lower news sentiment than the 0.66 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for Nextracker this week, compared to 8 articles on an average week.
  • Search Interest

    Only 44 people have searched for NXT on MarketBeat in the last 30 days. This is a decrease of -77% compared to the previous 30 days.
  • MarketBeat Follows

    10 people have added Nextracker to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Nextracker insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.27% 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.

  • Read more about Nextracker's insider trading history.
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NXT Stock News Headlines

The Goldman Sachs Group Cuts Nextracker (NASDAQ:NXT) Price Target to $54.00
Trump’s Sending THIS Crypto Higher on Purpose
Discover the coin set to explode before 2025! Trump could trigger THIS crypto coin…
Analysts Set Nextracker Inc. (NASDAQ:NXT) PT at $54.30
See More Headlines

NXT Stock Analysis - Frequently Asked Questions

Nextracker's stock was trading at $46.85 on January 1st, 2024. Since then, NXT stock has decreased by 25.0% and is now trading at $35.15.
View the best growth stocks for 2024 here
.

Nextracker Inc. (NASDAQ:NXT) announced its quarterly earnings data on Thursday, August, 1st. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.27. The firm's quarterly revenue was up 50.1% compared to the same quarter last year.

Nextracker (NXT) raised $501 million in an initial public offering 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.

Nextracker's top institutional investors include FMR LLC (6.89%), Primecap Management Co. CA (5.39%), State Street Corp (3.48%) and Geode Capital Management LLC (2.47%). Insiders that own company stock include Tpg Gp A, Llc, Bruce Ledesma, Leah Schlesinger and Nicholas Marco Miller.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Nextracker investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), TotalEnergies (TTE) and Southern First Bancshares (SFST).

Company Calendar

Last Earnings
8/01/2024
Today
12/22/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Search & navigation equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:NXT
Fax
N/A
Employees
1,050
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$52.90
High Stock Price Target
$65.00
Low Stock Price Target
$41.00
Potential Upside/Downside
+50.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
22 Analysts

Profitability

Net Income
$306.24 million
Pretax Margin
26.37%

Debt

Sales & Book Value

Annual Sales
$2.80 billion
Cash Flow
$2.73 per share
Book Value
$6.86 per share

Miscellaneous

Free Float
145,155,000
Market Cap
$5.12 billion
Optionable
Not Optionable
Beta
2.09
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This page (NASDAQ:NXT) was last updated on 12/22/2024 by MarketBeat.com Staff
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