NextrackerNXT
Market Cap: $4.96B
About: Nextracker (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextracker's products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. Nextracker has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil.
Employees: 277
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
58% more call options, than puts
Call options by funds: $143M | Put options by funds: $90.5M
21% more repeat investments, than reductions
Existing positions increased: 157 | Existing positions reduced: 130
0.73% less ownership
Funds ownership: 98.83% [Q1] → 98.1% (-0.73%) [Q2]
7% less first-time investments, than exits
New positions opened: 99 | Existing positions closed: 106
2% less funds holding
Funds holding: 443 [Q1] → 436 (-7) [Q2]
13% less capital invested
Capital invested by funds: $7.59B [Q1] → $6.57B (-$1.02B) [Q2]
25% less funds holding in top 10
Funds holding in top 10: 12 [Q1] → 9 (-3) [Q2]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Jefferies Julien Dumoulin-Smith 68% 1-year accuracy 32 / 47 met price target | 33%upside $46 | Hold Initiated | 4 Sept 2024 |
Guggenheim Joseph Osha 59% 1-year accuracy 10 / 17 met price target | 59%upside $55 | Buy Maintained | 16 Aug 2024 |
JP Morgan Mark Strouse 51% 1-year accuracy 28 / 55 met price target | 79%upside $62 | Overweight Maintained | 2 Aug 2024 |
Roth MKM Philip Shen 29% 1-year accuracy 7 / 24 met price target | 88%upside $65 | Buy Maintained | 2 Aug 2024 |
Cantor Fitzgerald Derek Soderberg 13% 1-year accuracy 3 / 24 met price target | 59%upside $55 | Overweight Reiterated | 2 Aug 2024 |
Financial journalist opinion
Based on 7 articles about NXT published over the past 30 days