Key Points Nextracker stock surges on solid results, indicating rising demand and another year of outperformance. Analysts are adjusting their price targets and see this stock rising at least 17% and possibly setting a new high. Surging profits and a rapidly improving balance sheet will drive value for shareholders. 5 stocks we like better than Nextracker Nextracker NASDAQ: NXT shares surged more than 10%, giving signs of bottoming and reversal that could return the market to its all-time highs. The surge i ...

Nextracker Inc. (NASDAQ:NXT) Q4 2024 Earnings Conference Call May 14, 2024 5:00 PM ET Company Participants Mary Lai - Vice President, Investor Relations Daniel Shugar - Founder & Chief Executive Officer Howard Wenger - President David Bennett - Chief Financial Officer Conference Call Participants Praneeth Satish - Wells Fargo Philip Shen - ROTH MTM Brian Lee - Goldman Sachs Mark Strouse - JPMorgan Vikram Bagri - Citi Christine Cho - Barclays Dylan Nassano - Wolfe Research Maheep Mandloi - Mizuho Operator Go ...

Key Takeaways Nextracker (NXT) shares jumped nearly 13% in extended trading Tuesday after the maker of intelligent solar tracker solutions topped Wall Street's quarterly estimates amid growing demand in U.S. and global markets. For the fiscal fourth quarter ending March 31, the Fremont, California-based company, which spun off from diversified manufacturer Flex (FLEX) in January, reported adjusted earnings of 96 cents per share, powering past the 78-cents-a-share forecast expected by analysts. Revenue in th ...

Nextracker (NXT) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non- recurring items. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have ...

Horizon XTRTM terrain following tracker, first delivered in 2019 This presentation is made by Nextracker Inc. (the "Company") and contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties. All statements other than historical factual information are forward-looking statements, including without limitation statements regarding: our financi ...

Exhibit 99.1 Nextracker Reports Q4 and FY24 Financial Results First U.S. Solar Company to Achieve 100 Gigawatts Global Shipment Milestone May 14, 2024 FREMONT, CALIF.-- Nextracker (Nasdaq: NXT), a global market leader of intelligent solar tracker and software solutions, today announced financial results for the fourth quarter and fiscal year ended March 31, 2024. Full FY2024 Financial Highlights Full FY2024 Business Highlights Q4 FY2024 Financial Highlights: "Fiscal year 2024 was a year of strong execution ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Nextracker (NXT) , which belongs to the Zacks Solar industry, could be a great candidate to consider.This solar energy equipment supplier has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 93.55%.For the last reported quarter, ...

Investors are always looking for stocks that are poised to beat at earnings season and Nextracker Inc. (NXT) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Nextracker is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good ind ...

In the latest trading session, Nextracker (NXT) closed at $46.02, marking a -1.86% move from the previous day. This move lagged the S&P 500's daily gain of 0.13%. At the same time, the Dow added 0.08%, and the tech-heavy Nasdaq lost 0.1%.The the stock of solar energy equipment supplier has fallen by 8.04% in the past month, lagging the Oils-Energy sector's loss of 3.47% and the S&P 500's loss of 0.35%.Analysts and investors alike will be keeping a close eye on the performance of Nextracker in its upcoming e ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Nextracker (NXT) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 14. On the ...