Positive News SentimentPositive NewsNASDAQ:NXT Nextracker (NXT) Stock Price, News & Analysis $47.72 +1.52 (+3.29%) (As of 10:15 AM ET) Add Compare Share Share Today's Range$46.76▼$48.3150-Day Range$42.25▼$60.5352-Week Range$32.14▼$62.31Volume442,339 shsAverage Volume4.21 million shsMarket Capitalization$6.93 billionP/E Ratio14.20Dividend YieldN/APrice Target$58.54 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/Downside26.7% Upside$58.54 Price TargetShort InterestHealthy5.86% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.53Based on 6 Articles This WeekInsider TradingSelling Shares$532,848 Sold Last QuarterProj. Earnings Growth18.83%From $2.23 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.4.56 out of 5 starsOils/Energy Sector25th out of 228 stocksSearch & Navigation Equipment Industry1st out of 10 stocks 4.4 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 12 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 4.0 Short Interest Percentage of Shares Shorted5.86% 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, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Nextracker has recently decreased by 24.18%, indicating that investor sentiment is improving 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 3.6 News and Social Media Coverage News SentimentNextracker has a news sentiment score of 1.53. 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 0.90 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Nextracker this week, compared to 5 articles on an average week.Search InterestOnly 45 people have searched for NXT on MarketBeat in the last 30 days. This is a decrease of -8% compared to the previous 30 days.MarketBeat Follows13 people have added Nextracker to their MarketBeat watchlist in the last 30 days. This is an increase 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 $532,848.00 in 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 2.5 Earnings and Valuation Earnings GrowthEarnings for Nextracker are expected to grow by 18.83% in the coming year, from $2.23 to $2.65 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Nextracker is 13.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.49.Price to Earnings Ratio vs. SectorThe P/E ratio of Nextracker is 13.75, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.43.Price to Book Value per Share RatioNextracker has a P/B Ratio of 6.73. 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 Crypto 101 MediaThe #1 Crypto That You Don’t Own… YetArtificial Intelligence has revolutionized the way we consume media and entertainment… And the A.I. wave has also created MASSIVE opportunities for savvy investors. One recent move stands out above all others: recently surfaced investments from three major media companies.Click here for all the details… 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 HeadlinesJuly 2, 2024 | marketbeat.comAI Boosts 3 Renewable Stocks: First Solar, Enphase, NextrackerAI is here to stay, and it is a problem for some because of the massive increase in power consumption associated with the rise of AI. AI lives in data centers and uses the exact (often more powerful) GPUs and accelerators as Bitcoin mining, making it an unfriendly business for the planet.July 2, 2024 | marketbeat.comAI Boosts 3 Renewable Stocks: First Solar, Enphase, Nextracker (NXT)Solar panels and technology are booming due to rising demand from the data center and AI industry; these stocks are poised to rise by double-digits.July 8, 2024 | Crypto 101 Media (Ad)The #1 Crypto That You Don’t Own… YetArtificial Intelligence has revolutionized the way we consume media and entertainment… And the A.I. wave has also created MASSIVE opportunities for savvy investors. One recent move stands out above all others: recently surfaced investments from three major media companies.June 29, 2024 | investorplace.com3 Renewable Energy Stocks to Turn Your Portfolio Into a Money MachineJune 28, 2024 | americanbankingnews.comSusquehanna Initiates Coverage on Nextracker (NASDAQ:NXT)June 28, 2024 | investorplace.com3 Secret Stocks to Turn $10K into $1 Million by 2029June 21, 2024 | investorplace.comWall Street Favorites: 3 Renewable Energy Stocks With Strong Buy Ratings for June 2024June 21, 2024 | investorplace.com3 Solar Stocks to Buy Now: June 2024July 8, 2024 | Crypto 101 Media (Ad)The #1 Crypto That You Don’t Own… YetArtificial Intelligence has revolutionized the way we consume media and entertainment… And the A.I. wave has also created MASSIVE opportunities for savvy investors. One recent move stands out above all others: recently surfaced investments from three major media companies.June 20, 2024 | businesswire.comNextracker Acquires Ojjo to Expand Utility-Scale Solar Tracker Foundations BusinessJune 18, 2024 | seekingalpha.comNextracker: Competitive Pressures Should Compress Margins Over TimeJune 18, 2024 | businesswire.comNextracker and Unimacts Dedicate Second Nevada Factory to Serve Solar Power DemandJune 8, 2024 | investors.comMeta Leads Five Stocks Near Buy Points As Market Rally Flashes Deep GreenJune 7, 2024 | cnbc.comRenewable energy will be the predominant power source for data centers, Nextracker CEO saysMay 31, 2024 | investorplace.com3 Growth Stocks to Invest in Now for Life-Changing ReturnsMay 29, 2024 | finance.yahoo.comZacks Investment Ideas feature highlights: TAN, Microsoft's, First Solar, Nextracker and Enphase EnergyMay 27, 2024 | investorplace.comWant to Make a Million? 3 High-Growth Stocks to Invest in NOW.May 26, 2024 | investorplace.comSpinoff Speed Demons: How Much Further Can These 3 Stocks Run?See 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 Earnings5/14/2024Today7/08/2024Next 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/AEmployees1,050Year FoundedN/APrice Target and Rating Average Stock Price Target$58.54 High Stock Price Target$71.00 Low Stock Price Target$43.00 Potential Upside/Downside+26.7%Consensus RatingModerate Buy Rating Score (0-4)2.83 Research Coverage24 Analysts Profitability EPS (Most Recent Fiscal Year)$3.36 Trailing P/E Ratio13.75 Forward P/E Ratio20.72 P/E GrowthN/ANet Income$306.24 million Net Margins12.25% Pretax Margin24.32% Return on Equity-13.70% Return on Assets13.39% Debt Debt-to-Equity Ratio0.15 Current Ratio1.98 Quick Ratio1.76 Sales & Book Value Annual Sales$2.50 billion Price / Sales2.68 Cash Flow$2.76 per share Price / Cash Flow16.75 Book Value$6.86 per share Price / Book6.73Miscellaneous Outstanding Shares145,150,000Free Float144,755,000Market Cap$6.71 billion OptionableNot Optionable Beta2.51 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.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 CompetitorsTeledyne TechnologiesNYSE:TDYLeonardo DRSNASDAQ:DRSNextNavNASDAQ:NNIntuitive MachinesNASDAQ:LUNRInflection Point AcquisitionNASDAQ:IPAXView All CompetitorsInsiders & InstitutionsGAMMA Investing LLCBought 279 shares on 7/2/2024Ownership: 0.000%DekaBank Deutsche GirozentraleBought 349,501 shares on 6/4/2024Ownership: 0.275%Boston PartnersBought 251,271 shares on 5/28/2024Ownership: 0.184%Teachers Retirement System of The State of KentuckyBought 32,369 shares on 5/28/2024Ownership: 0.024%Cetera Advisors LLCBought 5,125 shares on 5/24/2024Ownership: 0.004%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 start of the year. Since then, NXT shares have decreased by 1.4% and is now trading at $46.20. View the best growth stocks for 2024 here. How were Nextracker's earnings last quarter? Nextracker Inc. (NASDAQ:NXT) issued its quarterly earnings data on Tuesday, May, 14th. The company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.38. The company earned $736.52 million during the quarter, compared to the consensus estimate of $681.03 million. Nextracker had a negative trailing twelve-month return on equity of 13.70% and a net margin of 12.25%. 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 served as the underwriters for the IPO. Who are Nextracker's major shareholders? Nextracker's top institutional investors include GAMMA Investing LLC. 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 7/8/2024 by MarketBeat.com Staff From Our PartnersBiden to Launch “FedNOW” [Move Your Money Now]Earlier this year President Biden signed the death warrant for America… Executive Order 14067 will essentia...Priority Gold | SponsoredWrite this ticker symbol down…A megatrend now poised to mint a brand-new wave of millionaires right here in America. 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