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Nextracker Inc. (NXT)

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36.59 +0.23 (+0.63%)
At close: October 4 at 4:00 PM EDT
37.17 +0.58 (+1.59%)
After hours: October 4 at 7:29 PM EDT
Loading Chart for NXT
DELL
  • Previous Close 36.36
  • Open 37.33
  • Bid 36.56 x 400
  • Ask 36.65 x 400
  • Day's Range 36.36 - 37.45
  • 52 Week Range 32.19 - 62.31
  • Volume 1,882,642
  • Avg. Volume 3,048,723
  • Market Cap (intraday) 5.388B
  • Beta (5Y Monthly) --
  • PE Ratio (TTM) 9.68
  • EPS (TTM) 3.78
  • Earnings Date Oct 26, 2024 - Nov 5, 2024
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 59.27

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.

www.nextracker.com

1,050

Full Time Employees

March 31

Fiscal Year Ends

Solar

Industry

Recent News: NXT

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Performance Overview: NXT

Trailing total returns as of 10/4/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

NXT
21.90%
S&P 500
20.57%

1-Year Return

NXT
1.16%
S&P 500
35.98%

3-Year Return

NXT
20.72%
S&P 500
40.91%

5-Year Return

NXT
20.72%
S&P 500
40.91%

Compare To: NXT

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Statistics: NXT

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Valuation Measures

Annual
As of 10/4/2024
  • Market Cap

    5.32B

  • Enterprise Value

    4.99B

  • Trailing P/E

    9.68

  • Forward P/E

    12.38

  • PEG Ratio (5yr expected)

    2.52

  • Price/Sales (ttm)

    1.97

  • Price/Book (mrq)

    4.68

  • Enterprise Value/Revenue

    1.82

  • Enterprise Value/EBITDA

    7.08

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    14.87%

  • Return on Assets (ttm)

    19.65%

  • Return on Equity (ttm)

    65.81%

  • Revenue (ttm)

    2.74B

  • Net Income Avi to Common (ttm)

    407.51M

  • Diluted EPS (ttm)

    3.78

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    471.88M

  • Total Debt/Equity (mrq)

    12.93%

  • Levered Free Cash Flow (ttm)

    135.85M

Research Analysis: NXT

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 719.92M
Earnings 121.7M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

37.21
59.27 Average
36.59 Current
71.00 High
 

Company Insights: NXT

Research Reports: NXT

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  • Raising target price to $40.00

    NEXTRACKER INC-CL A has an Investment Rating of HOLD; a target price of $40.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.

    Rating
    Price Target
     
  • Raising target price to $39.00

    NEXTRACKER INC-CL A has an Investment Rating of HOLD; a target price of $39.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Low; a Growth Subrating of Medium; and a Value Subrating of Medium.

    Rating
    Price Target
     
  • Key Takeaways From Renewable Energy Conference

    Nextracker (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextracker’s products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. Nextracker has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil.

    Rating
    Price Target
     
  • Key Takeaways From Renewable Energy Conference

    Nextracker (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextracker’s products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. Nextracker has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil.

    Rating
    Price Target
     

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