Nextracker Inc. (NXT)

Market Cap	6.36B
Revenue (ttm)	2.28B
Net Income (ttm)	300.55M
Shares Out	144.68M
EPS (ttm)	3.37
PE Ratio	13.12
Forward PE	14.15
Dividend	n/a
Ex-Dividend Date	n/a

Volume	2,945,854
Open	43.85
Previous Close	43.81
Day's Range	43.32 - 45.32
52-Week Range	32.14 - 62.14
Beta	n/a
Analysts	Strong Buy
Price Target	59.00 (+33.48%)
Earnings Date	May 14, 2024

About 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...

• Industry: Solar
• Sector: Technology
• IPO Date: Feb 9, 2023
• Employees: 606
• Stock Exchange: NASDAQ
• Ticker Symbol: NXT

Financial Performance

In 2022, Nextracker's revenue was $1.90 billion, an increase of 30.50% compared to the previous year's $1.46 billion. Earnings were $121.33 million, an increase of 138.31%.

Analyst Forecast

According to 18 analysts, the average rating for NXT stock is "Strong Buy." The 12-month stock price forecast is $59.0, which is an increase of 33.48% from the latest price.

Price Target

$59.0

(33.48% upside)

Analyst Consensus: Strong Buy