Nextracker (NASDAQ:NXT) Releases FY 2025 Earnings Guidance

Nextracker (NASDAQ:NXT) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 3.750-3.950 for the period, compared to the consensus EPS estimate of 3.260. The company issued revenue guidance of $2.8 billion-$2.9 billion, compared to the consensus revenue estimate of $2.9 billion.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NXT shares. JPMorgan Chase & Co. raised their price target on shares of Nextracker from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday. Northland Capmk upgraded Nextracker to a “strong-buy” rating in a report on Tuesday, November 19th. Jefferies Financial Group raised Nextracker from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Wednesday. Piper Sandler cut their price objective on Nextracker from $60.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Finally, Truist Financial restated a “buy” rating and set a $56.00 target price (up previously from $54.00) on shares of Nextracker in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $54.76.

Nextracker Stock Down 0.0 %

NXT stock opened at $39.62 on Wednesday. The company has a quick ratio of 1.99, a current ratio of 2.21 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average of $38.96 and a 200 day moving average of $38.93. Nextracker has a twelve month low of $30.93 and a twelve month high of $62.31. The firm has a market cap of $5.77 billion, a PE ratio of 9.88 and a beta of 2.04.

Nextracker (NASDAQ:NXT) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.31. Nextracker had a return on equity of 559.17% and a net margin of 17.26%. On average, research analysts forecast that Nextracker will post 2.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other Nextracker news, President Howard Wenger sold 6,066 shares of Nextracker stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $45.00, for a total value of $272,970.00. Following the completion of the sale, the president now owns 209,365 shares of the company’s stock, valued at approximately $9,421,425. This trade represents a 2.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.27% of the company’s stock.

About Nextracker

Nextracker Inc, an energy solutions company, provides solar tracker and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.