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
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
29% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 73
5.69% more ownership
Funds ownership: 98.08% [Q3] → 103.77% (+5.69%) [Q4]
3% more funds holding
Funds holding: 409 [Q3] → 422 (+13) [Q4]
3% more capital invested
Capital invested by funds: $5.27B [Q3] → $5.46B (+$182M) [Q4]
0% less call options, than puts
Call options by funds: $75M | Put options by funds: $75.2M
13% less repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 142
20% less funds holding in top 10
Funds holding in top 10: 10 [Q3] → 8 (-2) [Q4]
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
Jefferies Julien Dumoulin-Smith 55% 1-year accuracy 87 / 158 met price target | 21%upside $56 | Buy Upgraded | 29 Jan 2025 |
BMO Capital Ameet Thakkar 40% 1-year accuracy 4 / 10 met price target | 8%upside $50 | Market Perform Maintained | 29 Jan 2025 |
Goldman Sachs Brian Lee 43% 1-year accuracy 35 / 82 met price target | 32%upside $61 | Buy Maintained | 29 Jan 2025 |
Guggenheim Joseph Osha 37% 1-year accuracy 14 / 38 met price target | 34%upside $62 | Buy Maintained | 29 Jan 2025 |
Susquehanna Biju Perincheril 26% 1-year accuracy 17 / 66 met price target | 17%upside $54 | Positive Maintained | 29 Jan 2025 |
Financial journalist opinion
Based on 476 articles about NXT published over the past 30 days
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