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Nextracker (NXT) Competitors

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$63.94 -2.51 (-3.78%)
Closing price 07/8/2025 04:00 PM Eastern
Extended Trading
$63.86 -0.08 (-0.13%)
As of 07/8/2025 07:55 PM Eastern
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NXT vs. ARRY, ERIC, NOK, STM, UI, ASX, ON, HUBB, GFS, and UMC

Should you be buying Nextracker stock or one of its competitors? The main competitors of Nextracker include Array Technologies (ARRY), Ericsson (ERIC), Nokia (NOK), STMicroelectronics (STM), Ubiquiti (UI), ASE Technology (ASX), ON Semiconductor (ON), Hubbell (HUBB), GlobalFoundries (GFS), and United Microelectronics (UMC).

Nextracker vs. Its Competitors

Nextracker (NASDAQ:NXT) and Array Technologies (NASDAQ:ARRY) are both energy companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, dividends, profitability, media sentiment, earnings, risk and valuation.

Nextracker has a beta of 2.25, suggesting that its share price is 125% more volatile than the S&P 500. Comparatively, Array Technologies has a beta of 1.74, suggesting that its share price is 74% more volatile than the S&P 500.

In the previous week, Nextracker had 22 more articles in the media than Array Technologies. MarketBeat recorded 23 mentions for Nextracker and 1 mentions for Array Technologies. Nextracker's average media sentiment score of 0.88 beat Array Technologies' score of 0.80 indicating that Nextracker is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Nextracker
10 Very Positive mention(s)
3 Positive mention(s)
8 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Array Technologies
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Nextracker has higher revenue and earnings than Array Technologies. Array Technologies is trading at a lower price-to-earnings ratio than Nextracker, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Nextracker$2.96B3.16$509.17M$3.4718.43
Array Technologies$915.81M1.23-$240.39M-$1.85-3.98

Nextracker currently has a consensus target price of $61.67, indicating a potential downside of 3.56%. Array Technologies has a consensus target price of $9.13, indicating a potential upside of 23.98%. Given Array Technologies' higher probable upside, analysts plainly believe Array Technologies is more favorable than Nextracker.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Nextracker
0 Sell rating(s)
5 Hold rating(s)
17 Buy rating(s)
2 Strong Buy rating(s)
2.88
Array Technologies
0 Sell rating(s)
12 Hold rating(s)
11 Buy rating(s)
0 Strong Buy rating(s)
2.48

67.4% of Nextracker shares are owned by institutional investors. 0.6% of Nextracker shares are owned by company insiders. Comparatively, 0.5% of Array Technologies shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Nextracker has a net margin of 17.21% compared to Array Technologies' net margin of -21.21%. Array Technologies' return on equity of 1,227.67% beat Nextracker's return on equity.

Company Net Margins Return on Equity Return on Assets
Nextracker17.21% 38.87% 18.38%
Array Technologies -21.21%1,227.67%9.83%

Summary

Nextracker beats Array Technologies on 15 of the 17 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding NXT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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NXT vs. The Competition

MetricNextrackerSolar IndustryEnergy SectorNASDAQ Exchange
Market Cap$9.72B$1.93B$7.57B$8.95B
Dividend YieldN/A7.52%10.92%4.06%
P/E Ratio18.436.7863.6220.10
Price / Sales3.16130.0721,802.98120.29
Price / Cash18.139.5636.2557.86
Price / Book5.722.733.685.56
Net Income$509.17M-$167.64M$4.21B$248.40M
7 Day Performance11.16%6.30%1.71%6.04%
1 Month Performance8.52%12.89%6.72%7.69%
1 Year Performance33.26%-8.08%101.76%20.97%

Nextracker Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NXT
Nextracker
2.7294 of 5 stars
$63.94
-3.8%
$61.67
-3.6%
+33.3%$9.72B$2.96B18.431,300Trending News
Analyst Forecast
ARRY
Array Technologies
3.5203 of 5 stars
$5.90
-8.4%
$9.13
+54.7%
-24.1%$900.05M$915.81M-3.191,021Gap Down
High Trading Volume
ERIC
Ericsson
1.8159 of 5 stars
$8.48
+0.5%
$9.80
+15.6%
+33.4%$28.39B$23.45B169.60105,500Upcoming Earnings
NOK
Nokia
2.2807 of 5 stars
$5.19
+0.4%
$5.85
+12.7%
+32.2%$28.30B$20.80B34.6087,900Trending News
Options Volume
STM
STMicroelectronics
2.5238 of 5 stars
$30.47
+1.2%
$29.67
-2.6%
-23.3%$27.37B$13.27B25.8248,300
UI
Ubiquiti
1.2116 of 5 stars
$411.84
+2.3%
$343.50
-16.6%
+168.5%$24.91B$1.93B45.361,380Positive News
ASX
ASE Technology
3.4947 of 5 stars
$10.35
-2.3%
N/A-13.2%$22.85B$18.54B22.0297,800
ON
ON Semiconductor
4.1952 of 5 stars
$52.41
-1.0%
$56.08
+7.0%
-23.2%$21.90B$7.08B36.4031,100Trending News
Analyst Forecast
Gap Up
HUBB
Hubbell
4.0295 of 5 stars
$409.09
+0.6%
$459.25
+12.3%
+9.5%$21.83B$5.59B27.6816,300Positive News
GFS
GlobalFoundries
2.6495 of 5 stars
$38.20
-0.6%
$47.09
+23.3%
-22.1%$21.12B$6.75B-112.3514,600Positive News
Analyst Forecast
UMC
United Microelectronics
2.8655 of 5 stars
$7.64
-0.5%
$7.40
-3.1%
-11.9%$19.19B$7.09B14.1519,500

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This page (NASDAQ:NXT) was last updated on 7/9/2025 by MarketBeat.com Staff
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