Nextracker
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 13 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
48% more repeat investments, than reductions
Existing positions increased: 167 | Existing positions reduced: 113
25% more funds holding in top 10
Funds holding in top 10: 8 [Q2] → 10 (+2) [Q3]
9% more call options, than puts
Call options by funds: $95.3M | Put options by funds: $87.1M
3.39% less ownership
Funds ownership: 99.93% [Q2] → 96.54% (-3.39%) [Q3]
8% less funds holding
Funds holding: 440 [Q2] → 407 (-33) [Q3]
22% less capital invested
Capital invested by funds: $6.69B [Q2] → $5.19B (-$1.5B) [Q3]
32% less first-time investments, than exits
New positions opened: 70 | Existing positions closed: 103
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$41
17%
upside
Avg. target
$51
45%
upside
High target
$58
65%
upside
13 analyst ratings
10 positive
77%
3 neutral
23%
0 negative
0%
TD Cowen Jeff Osborne 50% 1-year accuracy 2 / 4 met price target | 17%upside $41 | Hold Initiated | 19 Dec 2024 |
Goldman Sachs Brian Lee 38% 1-year accuracy 31 / 81 met price target | 54%upside $54 | Buy Maintained | 17 Dec 2024 |
Guggenheim Joseph Osha 31% 1-year accuracy 11 / 35 met price target | 56%upside $55 | Buy Reiterated | 22 Nov 2024 |
Piper Sandler Kashy Harrison 39% 1-year accuracy 16 / 41 met price target | 34%upside $47 | Overweight Maintained | 22 Nov 2024 |
Northland Capital Markets Gus Richard 54% 1-year accuracy 15 / 28 met price target | 37%upside $48 | Outperform Reinstated | 19 Nov 2024 |
Financial journalist opinion
Based on 9 articles about NXT published over the past 30 days
Neutral
PRNewsWire
2 days ago
NXT Stockholders: Robbins LLP is Investigating the Officers and Directors of Nextracker Inc. to Determine if They Breached Fiduciary Duties Owed to Shareholders
SAN DIEGO , Dec. 18, 2024 /PRNewswire/ -- Shareholder rights law firm Robbins LLP is investigating Nextracker Inc. (NASDAQ: NXT) to determine whether certain Nextracker officers and directors violated securities laws and breached fiduciary duties to shareholders. Nextracker Inc., an energy solutions company, provides solar tracker and software solutions for utility-scale and distributed generation solar projects in the United States and internationally.
Positive
Zacks Investment Research
1 week ago
Renewables to Contribute More to Electricity: MAXN, NXT, FSLR to Gain?
The United States will witness increasing electricity generation from renewable sources. Maxeon Solar, Nextracker and First Solar are thus well poised to gain.
Positive
Green Stock News
1 week ago
Green Stock News for December 11, 2024: $GP $NXT $NRGV $BLNK
Welcome to the green stock news brief for Wednesday, December 11th. Here are today's top headlines: GreenPower Motor (NASDAQ: GP) has received an order for 10 EV Star Cab & Chassis from Transportation Commodities Inc. (TCI), which will upfit the vehicles for various customer needs.
Positive
Zacks Investment Research
1 week ago
Is Trending Stock Nextracker Inc. (NXT) a Buy Now?
Recently, Zacks.com users have been paying close attention to Nextracker (NXT). This makes it worthwhile to examine what the stock has in store.
Neutral
GlobeNewsWire
1 week ago
GTreasury Customer Nextracker Earns 2024 Adam Smith Award for its Efficient Treasury Transformation
An especially fast and effective treasury technology implementation is projected to save the solar energy solution provider close to $1 million per year An especially fast and effective treasury technology implementation is projected to save the solar energy solution provider close to $1 million per year
Neutral
Business Wire
1 week ago
Nextracker Delivers First 100% Domestic Content Solar Trackers to U.S. Market
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), a global leader in solar tracker technology, today announced it has shipped and delivered the industry's first U.S.-manufactured solar trackers in the United States which are expected to achieve 100% domestic content value for solar trackers under the Inflation Reduction Act (IRA).1 The first project to receive these domestic content trackers is SB Energy's Pelican's Jaw project. The 570 MW solar and 954 MWh storage project is currentl.
Positive
Seeking Alpha
1 week ago
Nextracker And Array Technologies: Both Look Promising, But One Is Clearly Best-In-Class
Nextracker and Array Technologies dominate the solar tracking market, with Nextracker showing superior financial performance and innovation, despite Array's broader technology offerings including dual-axis systems. Both companies face increasing competition and pricing pressures, but the growing solar industry and declining costs of materials like steel offer potential for recovery. Nextracker's better capital allocation and manufacturing efficiencies position it as a cautious buy, while Array's cheaper valuation and strong FCF make it a potential value play.
Positive
Zacks Investment Research
3 weeks ago
Nextracker Inc. (NXT) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to Nextracker (NXT). This makes it worthwhile to examine what the stock has in store.
Positive
Zacks Investment Research
3 weeks ago
Wall Street Analysts See a 42.47% Upside in Nextracker (NXT): Can the Stock Really Move This High?
The mean of analysts' price targets for Nextracker (NXT) points to a 42.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Neutral
Zacks Investment Research
1 month ago
Wall Street Bulls Look Optimistic About Nextracker (NXT): Should You Buy?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
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