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NEXTracker, Inc. Class A (NXT)
NASDAQ:NXT
RESEARCH TOOLSreports
Holding NXT?
Track your performance easily
NXT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$30.93 - $62.31
Previous Close$31.46
Volume2.36M
Average Volume (3M)2.93M
Market Cap
$4.57B
Enterprise Value$4.26B
Total Cash (Recent Filing)$471.88M
Total Debt (Recent Filing)$146.92M
Price to Earnings (P/E)9.1
Beta2.07
Next Earnings
Oct 30, 2024EPS Estimate
$0.6Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)3.44
Shares Outstanding145,347,433
10 Day Avg. Volume2,285,031
30 Day Avg. Volume2,931,295
Standard Deviation0.15
R-Squared0.31
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)4.22
Price to Sales (P/S)1.67
Price to Cash Flow (P/CF)9.50
P/FCF Ratio9.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.56
Enterprise Value/Gross Profit5.24
Enterprise Value/Ebitda8.16
Forecast
1Y Price Target
$55.92Price Target Upside71.74% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering17
NEXTracker, Inc. Class A News
Bulls Say, Bears Say
Bulls Say
Financial Performance And GrowthSales grew +50% y/y, beating guidance 25-30% due to favorable industry conditions and pull-in from FQ2 on customer requests.
Innovation And TechnologyNXT now has over 650 patents for its technology and reiterated that it will continue to invest in R&D to grow its lead.
Market Leadership And ManufacturingNXT is the preeminent Utility-Scale Solar tracker manufacturer in the US and globally and has been the single most successful IPO in clean energy in recent memory.
Bears Say
Financial PerformanceMargin pressure due to price undercutting is one of the most frequent questions received.
Growth And ExpansionBacklog realization at just 80% over 8-quarters suggests growing risk of deceleration.
Revenue ForecastLowering FQ2 revenue estimate to $608MM from $681MM.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
NXT FAQ
What was NEXTracker, Inc. Class A’s price range in the past 12 months?
NEXTracker, Inc. Class A lowest stock price was $30.93 and its highest was $62.31 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 Oct 30, 2024 which is tomorrow.
How were NEXTracker, Inc. Class A’s earnings last quarter?
NEXTracker, Inc. Class A released its earnings results on Aug 01, 2024. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.642 by $0.288.
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 $0.6.
How many shares outstanding does NEXTracker, Inc. Class A have?
NEXTracker, Inc. Class A has 143,438,600 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 $0.93 in its last earnings report, beating expectations of $0.642. Following the earnings report the stock price went down -10.357%.
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 375M.
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NEXTracker, Inc. Class A Stock Smart Score
Unlock Smart Score
1
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8
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10
Analyst Consensus
Strong Buy
Average Price Target:
$55.92 (71.74% Upside)
$55.92 (71.74% Upside)
Blogger Sentiment
Bullish
NXT Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 1.2M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 7.1%
Last 30 Days ▼ 7.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-15.11%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
58.55%
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 Earnings Call
Q1 2024
0:00 / 0:00
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NXT Stock 12 Month Forecast
Average Price Target
$55.92
▲(71.74% Upside)
Technical Analysis
Best Analysts Covering NXT
1 Year
1 Year Success Rate
4/9 ratings generated profit
1 Year Average Return
+2.56%
assigned a buy rating yesterday
Copying Christian Schwab's trades and holding each position for 1 Year would result in 44.44% of your transactions generating a profit, with an average return of +2.56% per trade.
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