Core Insights - Nextracker has an average brokerage recommendation (ABR) of 1.39, indicating a consensus leaning towards a Strong Buy [1][8] - The ABR is based on recommendations from 28 brokerage firms, with 22 classified as Strong Buy and 1 as Buy, representing 78.6% and 3.6% of total recommendations respectively [8][9] - Despite the positive ABR, reliance solely on this metric for investment decisions may not be advisable, as studies show brokerage recommendations often lack success in guiding investors towards stocks with significant price appreciation [2][3] Brokerage Recommendations - The ABR is calculated from brokerage recommendations and is not to be confused with the Zacks Rank, which is a quantitative model based on earnings estimate revisions [4][10] - The Zacks Rank for Nextracker is currently 3 (Hold), indicating a more cautious outlook based on recent changes in consensus estimates [6] - Analysts' recommendations tend to be overly optimistic, with a tendency to favor positive ratings due to vested interests [15][12] Earnings Estimates - The Zacks Consensus Estimate for Nextracker has remained unchanged at $2.91 over the past month, suggesting stability in earnings expectations [17] - The correlation between earnings estimate revisions and near-term stock price movements is strong, making the Zacks Rank a potentially more reliable indicator than the ABR [5][13] Conclusion - While the ABR suggests a favorable outlook for Nextracker, the Zacks Rank and earnings estimate trends provide a more nuanced view, indicating a need for caution in investment decisions [18][10]

However, every problem brings a solution, and the solution for data centers is to go green. Greener than natural gas. The proliferation of data centers driven by cloud and AI demand is leading to a boom in the renewable energy market, and solar energy is a leading choice. Data centers can range in size and shape but are essentially warehouses filled with racks of servers; warehouses have ample acreage on their roofs well-suited to solar capture. First Solar Today First Solar's NASDAQ: FSLR stock price began ...

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 sellside) analysts often affect a stock's price, do they really matter? With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable ind ...

Shares of this solar energy equipment supplier have returned +30.3% over the past month versus the Zacks S&P 500 composite's +3.3% change. The Zacks Solar industry, to which Nextracker belongs, has gained 16.4% over this period. Now the key question is: Where could the stock be headed in the near term? Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present val ...

Prior to today's trading, shares of the solar energy equipment supplier had gained 31.1% over the past month. This has outpaced the Oils-Energy sector's loss of 4.97% and the S&P 500's gain of 3.96% in that time. In the context of valuation, Nextracker is at present trading with a Forward P/E ratio of 20.83. This indicates a premium in contrast to its industry's Forward P/E of 12.96. Nextracker (NXT) ended the recent trading session at $60.53, demonstrating a +0.41% swing from the preceding day's closing pr ...

In this article Christoph Dernbach | Picture Alliance | Getty Images But Dan Shugar, the CEO of Nextracker, said the low cost and rapid deployment of solar as well as the ambitious climate goals of Big Tech will make renewable energy the preferred power choice for data centers. Stock Chart IconStock chart icon When including wind power, there are about 1,400 gigawatts of renewables seeking connection, which is more than the entire installed capacity of the U.S. electric grid. Gas projects, on the other hand ...

Shares of the solar energy equipment supplier have appreciated by 28.79% over the course of the past month, outperforming the Oils-Energy sector's loss of 2.35% and the S&P 500's gain of 4.59%. Market participants will be closely following the financial results of Nextracker in its upcoming release. The company's earnings per share (EPS) are projected to be $0.61, reflecting a 27.08% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $618.56 mill ...

Nextracker (NXT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this solar energy equipment supplier have returned +19.7%, compared to the Zacks S&P 500 composite's +5.1% change. During this period, the Zacks Solar industry, which Nextracker falls in, has gained 30.1%. The key question now is: What could be the stock's future direction? Although media r ...

In the latest market close, Nextracker (NXT) reached $56.65, with a +0.6% movement compared to the previous day. The stock's change was more than the S&P 500's daily loss of 0.6%. Elsewhere, the Dow saw a downswing of 0.86%, while the tech-heavy Nasdaq depreciated by 1.08%. Prior to today's trading, shares of the solar energy equipment supplier had gained 31.35% over the past month. This has outpaced the Oils-Energy sector's loss of 3.84% and the S&P 500's gain of 3.15% in that time. Analysts and investors ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 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 | | --- | (State or other jurisdiction of (I.R. ...