Nextracker Inc. (NXT)

NASDAQ: NXT · IEX Real-Time Price · USD
56.72
-1.30 (-2.24%)
Mar 28, 2024, 2:04 PM EDT - Market open
-2.24%
Market Cap 8.39B
Revenue (ttm) 2.28B
Net Income (ttm) 300.55M
Shares Out 144.68M
EPS (ttm) 2.03
PE Ratio 28.27
Forward PE 18.82
Dividend n/a
Ex-Dividend Date n/a
Volume 1,494,000
Open 58.17
Previous Close 58.02
Day's Range 56.65 - 59.52
52-Week Range 29.28 - 62.14
Beta n/a
Analysts Strong Buy
Price Target 56.50 (-0.39%)
Earnings Date May 8, 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... [Read more]

Industry Solar
Sector Technology
IPO Date Feb 9, 2023
Employees 606
Stock Exchange NASDAQ
Ticker Symbol NXT
Full Company Profile

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%.

Financial Statements

Analyst Forecast

According to 20 analysts, the average rating for NXT stock is "Strong Buy." The 12-month stock price forecast is $56.5, which is a decrease of -0.39% from the latest price.

Price Target
$56.5
(-0.39% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Nextracker Announces Chuck Boynton as New Chief Financial Officer

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), a global market leader of intelligent solar tracker and software solutions, today announced the appointment of Charles “Chuck” Boynton as Ch...

10 days ago - Business Wire

Nextracker and Orrcon Steel to Deliver Sovereign Capability in Australia

BRISBANE, Australia--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), a global market leader of solar tracker and software solutions, and Orrcon Steel, a leading Australian manufacturer of tube and pipe, an...

14 days ago - Business Wire

4 Clean Energy Stocks That Have Defied the Odds

Only a few green companies have prospered as the sector has slumped.

Other symbols: MYRGPWRTHRM
4 weeks ago - Barrons

Nextracker ($NXT) to Provide All-Terrain Smart Solar Trackers for 1.17 GW Saudi Arabia Solar Project

Nextracker (NASDAQ: NXT), a global leader in intelligent solar tracker solutions, has been chosen by ACWA Power and Larsen & Toubro Limited to supply its all-terrain tracker NX Horizon-XTR for a 1.17 ...

5 weeks ago - Green Stock News

ACWA Power and Larsen & Toubro Select Nextracker's All-Terrain Solar Trackers for Al Kahfah Solar Park

RIYADH, Saudi Arabia--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), a leading global provider of intelligent solar tracker and software solutions, announced it was selected by ACWA Power and Larsen & Tou...

5 weeks ago - Business Wire

Nextracker to Present at Upcoming Investor Conferences

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT) announced today that Company leaders will present at the upcoming investor conferences: Bank of America 2024 Power, Utilities and Clean Energ...

5 weeks ago - Business Wire

Nextracker Accelerates in Distributed Generation (DG) Solar with Two New Strategic Value-Added Reseller Partners and Over 600 DG Projects Delivered

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT) announced it has surpassed 600 projects delivered in its distributed generation (DG) portfolio. Driven by customers realizing significant ene...

7 weeks ago - Business Wire

Nextracker CEO says 'solar is unstoppable' as market sees 'unprecedented demand growth'

Nextracker's soared this week after the company reported earnings that beat expectations by a wide margin, raised its guidance and reported a record backlog.

7 weeks ago - CNBC

Nextracker stock price targets raised after an impressive Q3

Wall Street is racing up to raise its price target on Nextracker Inc (NASDAQ: NXT) after the solar tracker solutions company reported exceptionally strong results for its fiscal third quarter.   Nextr...

2 months ago - Invezz

Nextracker Reports Q3 FY24 Financial Results

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), one of the world's leading providers of intelligent solar tracker and software solutions, today announced financial results for the third qu...

2 months ago - Business Wire

Nextracker to Announce Third Quarter Fiscal 2024 Results on January 31, 2024

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT) will announce its third quarter fiscal 2024 financial results after the market closes on Wednesday, January 31, 2024. The company will hold a...

2 months ago - Business Wire

Nextracker Appoints Two New Members to Board of Directors

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker Inc. (Nasdaq: NXT), a leading global provider of intelligent solar tracker and software solutions, today announced the appointment of Julie Blunden and How...

3 months ago - Business Wire

Nextracker Announces Completion of Its Separation from Flex

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker Inc. (Nasdaq: NXT), a leading global provider of intelligent solar tracker and software solutions, today announced the completion of Flex Ltd.'s spin-off o...

3 months ago - Business Wire

Nextracker Achieves 10-Gigawatt Milestone in Middle East, Africa, and India Solar Power Markets

DUBAI, United Arab Emirates--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), a leading global provider of intelligent solar tracker and software solutions, today announced it has surpassed a corporate mile...

3 months ago - Business Wire

Nextracker to Present at the Goldman Sachs Energy, CleanTech & Utilities Conference

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT) announced today that Company leaders will present at the upcoming investor conference: 2024 Goldman Sachs Energy, CleanTech & Utilities Confe...

3 months ago - Business Wire

Nextracker CEO Dan Shugar Named S&P Global's ‘Chief Trailblazer of the Year' at the 25th Annual Platts Global Energy Awards

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT) announced today that its founder and CEO Dan Shugar was named Chief Trailblazer of the Year at S&P Global's 25th Annual Platts Global Energy ...

3 months ago - Business Wire

Nextracker Announces Plan to Separate from Flex

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), one of the world's leading providers of intelligent solar tracker and software solutions, today announced Flex Ltd.'s plan to effect a spin-...

5 months ago - Business Wire

Nextracker Reports Q2 FY24 Financial Results

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), one of the world's leading providers of intelligent solar tracker and software solutions, today announced financial results for the second q...

5 months ago - Business Wire

Nextracker to Announce Second Quarter Fiscal 2024 Results on October 25, 2023

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT) will announce its second quarter fiscal 2024 financial results after the market closes on Wednesday, October 25, 2023. The company will hold ...

6 months ago - Business Wire

Nextracker India Achieves 10 GW Annual Domestic Manufacturing Capacity to Serve India's Rapidly Expanding Solar Power Market

NEW DELHI--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), a leading global provider of intelligent solar tracker and software solutions, today announced the Company now has contracted for 10 GW per annum ...

6 months ago - Business Wire

Nextracker Opens New U.S. Factory with Dedicated Capacity in Las Vegas with Unimacts

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), a global market leader of solar tracker and software solutions, and Unimacts (UNX), a leading provider of industrial manufacturing and suppl...

7 months ago - Business Wire

Nextracker Unveils Next Generation Tech Suite to Address Hail, Undulating Terrain, and Rapidly Changing Atmospheric Conditions

FREMONT, Calif.--(BUSINESS WIRE)--Solar solutions provider Nextracker (Nasdaq: NXT) will be unveiling a suite of next-generation innovations at this year's RE+ 2023 in Las Vegas, the largest U.S. sola...

7 months ago - Business Wire

Nextracker and Asteelflash/USI Open New Electronics Manufacturing Line for U.S. Solar Power Plants

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker Inc. (NXT), a global market leader of solar trackers and Asteelflash/USI, a high-end global electronics component manufacturer, today announced the grand o...

8 months ago - Business Wire

Leeward Renewable Energy and Nextracker Expand Strategic Partnership with 3-Year Volume Commitment Agreement for 3 Gigawatts of Solar Tracker Technology

DALLAS & FREMONT, Calif.--(BUSINESS WIRE)--Leeward Renewable Energy (LRE), a high-growth renewable energy developer and independent power producer, and Nextracker (Nasdaq: NXT), a global market leader...

8 months ago - Business Wire

Nextracker Reports First Quarter Fiscal Year 2024 Financial Results

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), one of the world's leading providers of intelligent solar tracker and software solutions, today announced financial results for the first qu...

8 months ago - Business Wire