Nextracker (NXT) Outperforms Broader Market: What You Need to Know

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 ...