Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Nextracker Inc. Market Cap
The Nextracker Inc. (NXT) share price is expected to increase by 63.01% over the next year. This is based on calculating the average 12-month share price estimate provided by 0 stock analysts who have covered NXT. Price targets range from $37.21 at the low end to $71 at the high end. The current analyst consensus for NXT is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
About 0 Wall Street analysts have assigned NXT 0 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Nextracker Inc. to perform worse than the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on NXT. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of NXT.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Julien Dumoulin-Smith Jefferies | Hold | $46 | Initiates | Sep 4, 2024 |
| Joseph Osha Guggenheim | Buy | $55 | Maintains | Aug 16, 2024 |
| Derek Soderberg Cantor Fitzgerald | Overweight | $55 | Reiterates | Aug 2, 2024 |
| Philip Shen Roth MKM | Buy | $65 | Maintains | Aug 2, 2024 |
| Mark Strouse JP Morgan | Overweight | $62 | Maintains | Aug 2, 2024 |
| Jordan Levy Truist Securities | Buy | $65 | Maintains | Jul 29, 2024 |
| Dimple Gosa B of A Securities | Buy | $66 | Maintains | Jul 17, 2024 |
| Christine Cho Barclays | Equal-Weight | $61 | Maintains | Jul 16, 2024 |
| Mark Strouse JP Morgan | Overweight | $65 | Maintains | Jul 16, 2024 |
| Biju Perincheril Susquehanna | Positive | $59 | Initiates | Jun 28, 2024 |
| Ameet Thakkar BMO Capital | Market Perform | $56 | Maintains | May 15, 2024 |
| Philip Shen Roth MKM | Buy | $70 | Reiterates | May 15, 2024 |
| Jordan Levy Truist Securities | Buy | $70 | Maintains | May 15, 2024 |
| Praneeth Satish Wells Fargo | Overweight | $64 | Maintains | May 15, 2024 |
| Tristan Richardson Scotiabank | Sector Outperform | $50 | Maintains | Apr 29, 2024 |
| Joseph Osha Guggenheim | Buy | $60 | Maintains | Apr 23, 2024 |
| Anthony Crowdell Mizuho | Buy | $59 | Maintains | Apr 19, 2024 |
| Kashy Harrison Piper Sandler | Overweight | $64 | Maintains | Apr 11, 2024 |
| Dimple Gosa B of A Securities | Buy | $60 | Maintains | Apr 10, 2024 |
| Christine Cho Barclays | Equal-Weight | $63 | Downgrade | Apr 2, 2024 |
When did it IPO
2023
Staff Count
1,050
Country
United States
Sector/Industry
Technology/Solar
CEO
Mr. Daniel S. Shugar
Market Cap
$5.32B
In 2023, NXT generated $1.90B in revenue, which was a increase of 30.50% from the previous year. This can be seen as a signal that NXT's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Fri, 27 Sep 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Nextracker (NXT) has gained significant interest from Zacks.com users, highlighting factors that may influence the stock's future performance.
Why It Matters - Increased attention from Zacks.com users may indicate heightened interest or potential volatility in Nextracker's stock, influencing trading decisions and market sentiment.
Thu, 19 Sep 2024
Sentiment - POSITIVE
Source - Forbes
Summary - Next shares increased after the retailer raised its full-year sales and profits guidance.
Why It Matters - Next's increased sales and profits guidance signals strong business performance, potentially leading to higher future earnings and stock value, making it an attractive investment opportunity.
Mon, 16 Sep 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Nextracker (NXT) is currently attracting significant attention from Zacks.com users, indicating potential factors that may influence its stock performance.
Why It Matters - Increased attention from Zacks.com users can indicate heightened investor interest and potential stock volatility, impacting Nextracker's market performance and trading volume.
Wed, 18 Sep 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - Nextracker (NXT) closed at $36.84, down 1.34% from the previous trading session.
Why It Matters - Nextracker's slight decline in share price signals potential volatility, which may affect investor sentiment and trading strategies in the renewable energy sector.
Thu, 12 Sep 2024
Sentiment - NEUTRAL
Source - Zacks Investment Research
Summary - Nextracker (NXT) closed at $35.83, reflecting a slight increase of 0.11% from the previous trading day.
Why It Matters - Nextracker's slight price increase indicates market stability and investor confidence, potentially influencing future trading decisions and valuations.
Mon, 09 Sep 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Nextracker (Nasdaq: NXT) launched NX Foundation Solutions and NX Anchor™, enhancing its solar tracker foundation offerings after acquiring Ojjo and Solar Pile Intern.
Why It Matters - Nextracker's NX Anchor enhances its solar tracker offerings, improving project efficiency across varied soil types. This innovation, following strategic acquisitions, strengthens its market position, potentially boosting revenues.
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