Shares of Nextracker (NXT) have gained 23.5% over the past four weeks to close the last trading session at $38.85, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $55.35 indicates a potential upside of 42.5%.The average comprises 26 short-term price targets ranging from a low of $42 to a high of $72, with a standard deviation of $8.32. While the lowest estimate indicates an incr ...

Nextracker (NASDAQ: NXT ) is a high-quality company with strong fundamentals, including high profit margins, double-digit annual revenue growth, a differentiated product and a solid balance sheet. It is likely to receive a higher rating on the momentum factor as the market starts toI'm a self taught equity analyst, My educational background is in Nuclear science and engineering, and I work as a quantity surveyor for a consultation firm in South Africa where we help clients with estimating the value of const ...

SAN DIEGO, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Nextracker Inc. (NASDAQ: NXT), any of its executive officers, or others violated securities laws by misrepresenting or failing to timely disclose material adverse to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws. What if I purchased NXT securities? If you purchased securities and suffered losses on your investment, j ...

Shares of Nextracker (NXT) have gained 18.1% over the past four weeks to close the last trading session at $41.63, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $56.68 indicates a potential upside of 36.2%.The mean estimate comprises 25 short-term price targets with a standard deviation of $7.94. While the lowest estimate of $42 indicates a 0.9% increase from the current price ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Emerging growth company ☐ Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 27, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-41617 Nextracker Inc. (Exact name of registrant as specified in its charter) Delaware 36-5047383 ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Nextracker (NXT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Nextracker currently has an average broke ...

Financial Data and Key Metrics Changes - Q2 marked the seventh consecutive quarter of double-digit revenue growth year-over-year, with a record revenue increase of 29% year-over-year for the first half of fiscal '25 [11][12] - The backlog increased significantly to over $4.5 billion, reflecting strong demand and a positive margin profile [13] - The profit target for the full fiscal year was raised by $20 million to a midpoint of $645 million [14] Business Line Data and Key Metrics Changes - New product orders, including NX Horizon and NXTR 1.5, contributed to the backlog and overall performance [14] - The company inaugurated its third global design facility in Hyderabad, India, enhancing its capacity for product development [15] Market Data and Key Metrics Changes - The company reported strong demand across all regions, driven by a flight to quality and the economic viability of solar energy [12][38] - Approximately two-thirds of the business is from the U.S. market, with the remaining third from international markets, including competitive regions like the Middle East [24][25] Company Strategy and Development Direction - The company believes it will continue to grow regardless of the U.S. election outcome, emphasizing the economic fundamentals of solar energy [8][10] - Nextracker is focused on executing its plan for double-digit revenue growth and expanding its product offerings, including new foundation solutions [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving growth in fiscal 2026, supported by a strong backlog and customer demand for industry-leading products [20] - The company noted that the election in the U.S. is not dampening demand, with a macro trend towards electrification and clean energy driving growth [38] Other Important Information - The company has a strong balance sheet with $1.5 billion in liquidity, which supports its operations and growth initiatives [39] - Nextracker is the only tracker manufacturer capable of delivering a 100% U.S. manufactured tracker, which can provide significant tax benefits to customers [17][84] Q&A Session Summary Question: Inquiry about bookings and margin profile - Management confirmed that bookings were close to or greater than $1 billion for the quarter, with margins consistent with previous performance [22][25] Question: Clarification on backlog realization timeline - Management indicated that 90% of the backlog is expected to be realized over the next eight quarters, an improvement from the previous estimate of 80% [27][28] Question: Concerns about revenue growth visibility for fiscal 2026 - Management stated that more details on fiscal 2026 revenue plans will be provided in future earnings calls, emphasizing the strong position of the company [30][31] Question: Competitive dynamics and customer behavior - Management noted solid demand across all major regions and a flight to quality for Nextracker's products, with no significant impact from the U.S. elections [36][38] Question: Discussion on margins and cost structure - Management highlighted strong execution leading to better-than-expected margins, with software sales contributing positively [42][45] Question: Impact of competitors' actions on backlog - Management reported no significant impact from competitors shipping modules to warehouses, maintaining stability in project schedules [60][62] Question: Proportion of hard terrain sites for new foundation technology - Management indicated that 20% to 30% of sites may fall under the definition of hard terrain, with new foundation revenues being booked [78][79] Question: Domestic content capabilities and customer interest - Management confirmed that customers can qualify for significant domestic content points, enhancing interest in the 100% U.S. manufactured tracker [96] Question: Future R&D investments and opportunities - Management discussed ongoing investments in R&D to enhance technology and maintain a competitive edge [90][92]

Nextracker (NXT) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 51.56%. A quarter ago, it was expected that this solar energy equipment supplier would post earnings of $0.66 per share when it actually produced earnings of $0.93, delivering a surprise of 40.91%. Over the last four qua ...

Exhibit 99.1 Nextracker Reports Q2 FY25 Financial Results Reaffirms FY25 Revenue Outlook and Raises FY25 Profit Outlook FREMONT, Calif. October 30, 2024 – Nextracker (Nasdaq: NXT), a global market leader of intelligent solar tracker and software solutions, today announced financial results for the second quarter of fiscal year 2025, ended September 27, 2024. Financial Summary (In millions, except per share) | --- | --- | --- | --- | |------------------------------|------------|------------|-----------| | | ...

The most recent trading session ended with Nextracker (NXT) standing at $31.29, reflecting a -0.41% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.22%. Elsewhere, the Dow lost 0.33%, while the tech-heavy Nasdaq added 0.76%.Prior to today's trading, shares of the solar energy equipment supplier had lost 13.71% over the past month. This has lagged the Oils-Energy sector's loss of 11.32% and the S&P 500's gain of 1.47% in that time.Analysts and investors alike wi ...