Nextracker (NASDAQ:NXT) Releases FY 2025 Earnings Guidance

Nextracker (NASDAQ:NXT) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.890-3.090 for the period, compared to the consensus estimate of 3.050. The company issued revenue guidance of $2.8 billion-$2.9 billion, compared to the consensus revenue estimate of $2.9 billion. Nextracker also updated its FY25 guidance to $2.89-3.09 EPS.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NXT. Roth Mkm restated a buy rating and set a $70.00 price target on shares of Nextracker in a research report on Wednesday, May 15th. BMO Capital Markets lowered their price objective on Nextracker from $62.00 to $56.00 and set a market perform rating on the stock in a research note on Wednesday, May 15th. Northland Securities downgraded shares of Nextracker from an outperform rating to a market perform rating and dropped their price objective for the company from $60.00 to $44.00 in a report on Friday, April 26th. Barclays dropped their price target on shares of Nextracker from $63.00 to $61.00 and set an equal weight rating on the stock in a research note on Tuesday, July 16th. Finally, Wells Fargo & Company cut their price target on Nextracker from $68.00 to $64.00 and set an overweight rating for the company in a report on Wednesday, May 15th. Four analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $59.36.

Nextracker Price Performance

Nextracker stock traded down $2.31 during mid-day trading on Thursday, reaching $46.83. 3,840,260 shares of the company’s stock traded hands, compared to its average volume of 4,042,240. The stock has a 50 day moving average of $51.74 and a two-hundred day moving average of $51.48. The company has a quick ratio of 1.76, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 13.88 and a beta of 2.51. Nextracker has a 12-month low of $32.14 and a 12-month high of $62.31.

Nextracker (NASDAQ:NXT) last released its earnings results on Tuesday, May 14th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.38. The firm had revenue of $736.52 million during the quarter, compared to analyst estimates of $681.03 million. Nextracker had a net margin of 12.25% and a negative return on equity of 13.70%. Equities analysts forecast that Nextracker will post 2.62 earnings per share for the current year.

Insider Activity at Nextracker

In other Nextracker news, insider Bruce Ledesma sold 12,135 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $43.91, for a total value of $532,847.85. Following the completion of the transaction, the insider now directly owns 17,387 shares of the company’s stock, valued at $763,463.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

About Nextracker

Nextracker Inc, an energy solutions company, provides solar tracker and software solutions for utility-scale and ground-mounted distributed generation solar projects worldwide. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; NX Gemini, a two-in-portrait format tracker, which holds two rows of solar panels along the central support beam; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.