Nextracker (NASDAQ:NXT) Issues Earnings Results

Nextracker (NASDAQ:NXT) announced its quarterly earnings results on Tuesday. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.31, Zacks reports. Nextracker had a net margin of 17.26% and a return on equity of 559.17%. Nextracker updated its FY 2025 guidance to 3.750-3.950 EPS.

Nextracker Price Performance

NXT opened at $39.62 on Wednesday. The company has a fifty day moving average price of $38.90 and a two-hundred day moving average price of $39.02. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.99 and a current ratio of 2.21. Nextracker has a 52 week low of $30.93 and a 52 week high of $62.31. The firm has a market capitalization of $5.77 billion, a PE ratio of 9.88 and a beta of 2.04.

Analyst Ratings Changes

A number of research analysts have commented on NXT shares. Citigroup cut their price target on shares of Nextracker from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group cut their price target on shares of Nextracker from $63.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, December 17th. Robert W. Baird cut their price target on shares of Nextracker from $71.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Bank of America cut their target price on shares of Nextracker from $65.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, Piper Sandler cut their target price on shares of Nextracker from $60.00 to $47.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.10.

Insider Activity

In related news, President Howard Wenger sold 6,066 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $45.00, for a total value of $272,970.00. Following the sale, the president now directly owns 209,365 shares of the company’s stock, valued at approximately $9,421,425. The trade was a 2.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is owned by company insiders.

Nextracker Company Profile

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.