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NEXTracker, Inc. Class A (NXT)
NASDAQ:NXT
RESEARCH TOOLSreports
NEXTracker, Inc. Class A (NXT) Stock Price & Analysis
444 Followers
NXT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$32.14 - $62.31
Previous Close$47.86
Volume2.27M
Average Volume (3M)3.98M
Market Cap
$7.04B
Enterprise Value$6.74B
Total Cash (Recent Filing)$474.05M
Total Debt (Recent Filing)$143.97M
Price to Earnings (P/E)15.8
Beta1.99
Next Earnings
Aug 01, 2024EPS Estimate
$0.64Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)3.04
Shares Outstanding141,291,252
10 Day Avg. Volume5,525,770
30 Day Avg. Volume3,977,253
Standard Deviation0.16
R-Squared0.45
Alpha-0.00121
Financial Highlights & Ratios
Price to Book (P/B)11.15
Price to Sales (P/S)10.51
Price to Cash Flow (P/CF)17.40
P/FCF Ratio17.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.70
Enterprise Value/Gross Profit8.29
Enterprise Value/Ebitda15.21
Forecast
1Y Price Target
$60.82Price Target Upside27.08% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering20
NEXTracker, Inc. Class A News
Bulls Say, Bears Say
Bulls Say
AcquisitionNXT recently announced the acquisition of Ojjo, which specializes in ground-mount foundation technology, in an all cash transaction of ~$119M.
Financial PerformanceNXT's superior technology, cleaner P&L, and management with deep industry expertise warrant a premium valuation.
Market PositionNXT's backlog now over $4.0bn, surpassing expectations and indicating strong demand.
Bears Say
CompetitionOne of the most frequent pushbacks is related to worries of competitors undercutting ASPs.
EarningsAdjusted EPS guidance for FY25 is below consensus estimates, likely due to tax adjustments.
Financial PerformanceExpected share price return is -7.2%.
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Ownership Overview
5.34% Insiders
34.82% Mutual Funds
24.80% Other Institutional Investors
35.04% 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 $62.31 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 Aug 01, 2024 which is in 10 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 $0.64.
How many shares outstanding does NEXTracker, Inc. Class A have?
NEXTracker, Inc. Class A has 143,244,920 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
Unlock Smart Score
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10
Analyst Consensus
Strong Buy
Average Price Target:
$60.82 (27.08% Upside)
$60.82 (27.08% Upside)
Blogger Sentiment
Bullish
NXT Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 10.5M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 0.8%
Last 30 Days ▲ 22.6%
Last 30 Days ▲ 22.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
20.95%
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
$60.82
▲(27.08% Upside)
Technical Analysis
Best Analysts Covering NXT
1 Year
1 Year Success Rate
4/4 ratings generated profit
1 Year Average Return
+9.07%
reiterated a buy rating 2 months ago
Copying Maheep Mandloi's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +9.07% per trade.
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