Nextracker (NXT)

• Market cap: $5.64B
• 1 day: -2.53%
• 5 days: -1.58%
• 1 month: -11.27%
• 3 months: -7.53%
• 6 months: 20.49%
• Year to date: -0.56%
• 1 year: -10.73%
• 5 years: 28.96%
• 10 years: 28.96%
• Sector: Technology
• Industry: Solar

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 disclosures by fund managers ($100M+ AUM)

34% more first-time investments, than exits

New positions opened: 99 | Existing positions closed: 74

6.58% more ownership

Funds ownership: 97.19% [Q3] → 103.77% (+6.58%) [Q4]

5% more funds holding

Funds holding: 409 [Q3] → 428 (+19) [Q4]

4% more capital invested

Capital invested by funds: $5.23B [Q3] → $5.45B (+$226M) [Q4]

0% less call options, than puts

Call options by funds: $74.9M | Put options by funds: $75.2M

12% less repeat investments, than reductions

Existing positions increased: 125 | Existing positions reduced: 142

20% less funds holding in top 10

Funds holding in top 10: 10 [Q3] → 8 (-2) [Q4]

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $48 22% upside
• Avg. target: $56 43% upside
• High target: $66 68% upside

13 analyst ratings

• positive: 12 92%
• neutral: 1 8%
• negative: 0 0%

Truist Securities Jordan Levy 14% 1-year accuracy 6 / 42 met price target	32% upside $52	Buy Maintained	17 Apr 2025
Baird Ben Kallo 29% 1-year accuracy 11 / 38 met price target	22% upside $48	Outperform Maintained	15 Apr 2025
Barclays Christine Cho 35% 1-year accuracy 19 / 55 met price target	48% upside $58	Overweight Maintained	10 Apr 2025
RBC Capital Christopher Dendrinos 38% 1-year accuracy 6 / 16 met price target	40% upside $55	Outperform Initiated	17 Mar 2025
Jefferies Julien Dumoulin-Smith 54% 1-year accuracy 92 / 170 met price target	43% upside $56	Buy Upgraded	29 Jan 2025