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NEXTracker, Inc. Class A (NXT)
NASDAQ:NXT
RESEARCH TOOLSreports
NEXTracker, Inc. Class A (NXT) Stock Price & Analysis
313 Followers
NXT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$32.14 - $62.14
Previous Close$44.2
Volume3.89M
Average Volume (3M)3.41M
Market Cap
$6.39B
Enterprise Value$10.04B
Total Cash (Recent Filing)$367.82M
Total Debt (Recent Filing)$144.76M
Price to Earnings (P/E)26.7
Beta1.98
Next Earnings
Jul 24, 2024EPS Estimate
$0.63Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.65
Shares Outstanding136,542,423
10 Day Avg. Volume4,895,677
30 Day Avg. Volume3,410,116
Standard Deviation0.15
R-Squared0.44
Alpha-0.00864
Financial Highlights & Ratios
Price to Book (P/B)-1.77
Price to Sales (P/S)3.17
Price to Cash Flow (P/CF)23.10
P/FCF Ratio23.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.69
Enterprise Value/Gross Profit34.99
Enterprise Value/Ebitda62.68
Forecast
1Y Price Target
$60.68Price Target Upside37.29% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering20
NEXTracker, Inc. Class A News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceNextracker reported higher-than-expected fourth quarter sales, gross margin, and adjusted EBITDA, showcasing the company's ability to outperform market expectations.
Future GrowthWith a substantial backlog exceeding $4 billion, NXT is poised for sustained revenue growth, reflecting strong market demand and clear revenue visibility.
Market PositionNXT, as the global leader in utility-scale solar tracker technology, is well placed to capitalize on the growing solar energy demand, strengthened by significant investments in expansion and technology.
Bears Say
Financial PerformanceAdjusted EPS guidance for FY25 is below previous estimates due to factors like higher interest, foreign exchange impact, higher tax rate, and a higher diluted share count.
Market SentimentNXT shares are trading at a 17% valuation premium on 2025E EV/EBITDA compared to its competitors, leading to a Market Perform rating.
Stock ValuationThe price target for the stock has been lowered to $64 per share due to a downward revision in EBITDA forecasts.
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Ownership Overview
4.74% Insiders
22.54% Mutual Funds
47.69% Other Institutional Investors
25.04% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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NXT FAQ
What was NEXTracker, Inc. Class A’s price range in the past 12 months?
NEXTracker, Inc. Class A lowest stock price was $32.14 and its highest was $62.14 in the past 12 months.
What is NEXTracker, Inc. Class A’s market cap?
Currently, no data Available
When is NEXTracker, Inc. Class A’s upcoming earnings report date?
NEXTracker, Inc. Class A’s upcoming earnings report date is Jul 24, 2024 which is in 67 days.
How were NEXTracker, Inc. Class A’s earnings last quarter?
NEXTracker, Inc. Class A released its earnings results on May 14, 2024. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.654 by $0.306.
Is NEXTracker, Inc. Class A overvalued?
According to Wall Street analysts NEXTracker, Inc. Class A’s price is currently Undervalued.
Does NEXTracker, Inc. Class A pay dividends?
NEXTracker, Inc. Class A does not currently pay dividends.
What is NEXTracker, Inc. Class A’s EPS estimate?
NEXTracker, Inc. Class A’s EPS estimate is $0.63.
How many shares outstanding does NEXTracker, Inc. Class A have?
NEXTracker, Inc. Class A has 136,542,420 shares outstanding.
What happened to NEXTracker, Inc. Class A’s price movement after its last earnings report?
NEXTracker, Inc. Class A reported an EPS of $0.96 in its last earnings report, beating expectations of $0.654. Following the earnings report the stock price went up 6.905%.
Which hedge fund is a major shareholder of NEXTracker, Inc. Class A?
Among the largest hedge funds holding NEXTracker, Inc. Class A’s share is PRIMECAP Management Co. It holds NEXTracker, Inc. Class A’s shares valued at 462M.
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NEXTracker, Inc. Class A Stock Smart Score
Outperform
1
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9
10
Analyst Consensus
Strong Buy
Average Price Target:
$60.68 (37.29% Upside)
$60.68 (37.29% Upside)
Blogger Sentiment
Bullish
NXT Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 10.5M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 11.4%
Last 30 Days ▲ 21.7%
Last 30 Days ▲ 21.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
13.55%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
77.42%
Trailing 12-Months
Company Description
NEXTracker, Inc. Class A
NEXTracker Inc provides integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed solar generation projects worldwide. Nextracker's products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. It generates revenue from selling solar trackers, such as NX Horizon and NX Gemini, and from licensing TrueCapture software products.
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NXT Company Deck
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NXT Earnings Call
Q4 2024
0:00 / 0:00
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NXT Stock 12 Month Forecast
Average Price Target
$60.68
▲(37.29% Upside)
Technical Analysis
Best Analysts Covering NXT
1 Year
1 Year Success Rate
5/8 ratings generated profit
1 Year Average Return
+13.71%
reiterated a buy rating 4 days ago
Copying Jordan Levy's trades and holding each position for 1 Year would result in 62.50% of your transactions generating a profit, with an average return of +13.71% per trade.
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