Nextracker Inc. (NXT)
| Market Cap | 6.78B |
| Revenue (ttm) | 2.08B |
| Net Income (ttm) | 215.17M |
| Shares Out | 144.76M |
| EPS (ttm) | 2.05 |
| PE Ratio | 22.85 |
| Forward PE | 20.85 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,225,705 |
| Open | 47.45 |
| Previous Close | 47.45 |
| Day's Range | 46.20 - 47.51 |
| 52-Week Range | 28.24 - 49.82 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 46.44 (-0.88%) |
| Earnings Date | Feb 25, 2024 |
About NXT
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. It also... [Read more]
Financial Performance
In 2022, Nextracker's revenue was $1.90 billion, an increase of 30.50% compared to the previous year's $1.46 billion. Earnings were $121.33 million, an increase of 138.31%.
Financial StatementsAnalyst Forecast
According to 20 analysts, the average rating for NXT stock is "Buy." The 12-month stock price forecast is $46.44, which is a decrease of -0.88% from the latest price.
News
Nextracker Achieves 10-Gigawatt Milestone in Middle East, Africa, and India Solar Power Markets
DUBAI, United Arab Emirates--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), a leading global provider of intelligent solar tracker and software solutions, today announced it has surpassed a corporate mile...
Nextracker to Present at the Goldman Sachs Energy, CleanTech & Utilities Conference
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT) announced today that Company leaders will present at the upcoming investor conference: 2024 Goldman Sachs Energy, CleanTech & Utilities Confe...
Nextracker CEO Dan Shugar Named S&P Global's ‘Chief Trailblazer of the Year' at the 25th Annual Platts Global Energy Awards
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT) announced today that its founder and CEO Dan Shugar was named Chief Trailblazer of the Year at S&P Global's 25th Annual Platts Global Energy ...
2023's most anticipated IPOs weren't always the big winners
So far in 2023, 146 companies have gone public in the U.S. markets, down 16.09% from the same time last year. Although the IPO market has been choppy amid higher interest rates and broad equity market...
Nextracker Announces Plan to Separate from Flex
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), one of the world's leading providers of intelligent solar tracker and software solutions, today announced Flex Ltd.'s plan to effect a spin-...
Nextracker Reports Q2 FY24 Financial Results
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), one of the world's leading providers of intelligent solar tracker and software solutions, today announced financial results for the second q...
Nextracker to Announce Second Quarter Fiscal 2024 Results on October 25, 2023
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT) will announce its second quarter fiscal 2024 financial results after the market closes on Wednesday, October 25, 2023. The company will hold ...
Nextracker India Achieves 10 GW Annual Domestic Manufacturing Capacity to Serve India's Rapidly Expanding Solar Power Market
NEW DELHI--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), a leading global provider of intelligent solar tracker and software solutions, today announced the Company now has contracted for 10 GW per annum ...
5 Cheap Ways to Ride The AI Supercycle to Profits
The AI revolution is upon us, and few sectors are better positioned to profit from it than the electronics manufacturing industry. These companies are already leaning hard into AI to improve their ope...
Nextracker Opens New U.S. Factory with Dedicated Capacity in Las Vegas with Unimacts
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), a global market leader of solar tracker and software solutions, and Unimacts (UNX), a leading provider of industrial manufacturing and suppl...
Nextracker Unveils Next Generation Tech Suite to Address Hail, Undulating Terrain, and Rapidly Changing Atmospheric Conditions
FREMONT, Calif.--(BUSINESS WIRE)--Solar solutions provider Nextracker (Nasdaq: NXT) will be unveiling a suite of next-generation innovations at this year's RE+ 2023 in Las Vegas, the largest U.S. sola...
Nextracker and Asteelflash/USI Open New Electronics Manufacturing Line for U.S. Solar Power Plants
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker Inc. (NXT), a global market leader of solar trackers and Asteelflash/USI, a high-end global electronics component manufacturer, today announced the grand o...
Leeward Renewable Energy and Nextracker Expand Strategic Partnership with 3-Year Volume Commitment Agreement for 3 Gigawatts of Solar Tracker Technology
DALLAS & FREMONT, Calif.--(BUSINESS WIRE)--Leeward Renewable Energy (LRE), a high-growth renewable energy developer and independent power producer, and Nextracker (Nasdaq: NXT), a global market leader...
Nextracker Reports First Quarter Fiscal Year 2024 Financial Results
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), one of the world's leading providers of intelligent solar tracker and software solutions, today announced financial results for the first qu...
Two stocks for investors who want to ride along as electric utilities build more solar fields
When thinking about how to make money from solar power, investors may tend to focus the three best-known names among equipment manufacturers. But digging a bit deeper can highlight companies that may ...
Nextracker Announces Date for First Quarter Fiscal 2024 Earnings Call
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT) will announce its first quarter fiscal 2024 financial results after the market closes on Wednesday, July 26, 2023. The company will hold a co...
Nextracker Announces Full Exercise of Underwriters' Option to Purchase Additional Shares in Offering of Class A Common Stock
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker Inc. (Nasdaq: NXT) (“Nextracker”) announced today that in connection with its previously announced underwritten offering of 14,210,511 shares of its Class ...
Nextracker Announces Pricing of Offering of Class A Common Stock
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker Inc. (Nasdaq: NXT) (“Nextracker”) announced today that it priced its underwritten offering of 14,210,511 shares of its Class A common stock (“Common Stock”...
Nextracker Announces Launch of Offering of Class A Common Stock
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker Inc. (Nasdaq: NXT), a global market leader in utility-scale solar trackers, announced today that it has launched a proposed underwritten offering of 14,210...
Nextracker to Participate in Upcoming Investor Conference
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), one of the world's leading providers of intelligent solar tracker and software solutions, has announced members of its leadership team will ...
Dedicated Nextracker Manufacturing Line at New MSS Steel Factory to Bring New Jobs and Millions of Dollars in Investment to Tennessee Valley Region
MEMPHIS, Tenn.--(BUSINESS WIRE)--Nextracker Inc. (NASDAQ:NXT), a global market leader in utility-scale solar trackers, and MSS Steel Tubes USA, a joint venture of Metalogalva and Soufer, today announc...
Nextracker Maintains Strong Global Momentum in FY23 Q4
FREMONT, Calif.--(BUSINESS WIRE)--Earlier today, Nextracker Inc. (Nasdaq: NXT), a global provider of intelligent solar tracker and software solutions, announced its first quarterly earnings as a publi...
Nextracker Reports Fourth Quarter and Fiscal Year 2023 Financial Results
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), one of the world's leading providers of intelligent solar tracker and software solutions, today announced financial results for the fourth q...
Nextracker Expands Board, Adding Two Directors
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), one of the world's leading providers of intelligent solar tracker and software solutions, today announced that the size of the company's Boa...
Sterling and Wilson Renewable Energy Limited Selects Nextracker Technology for NTPC REL's Khavda 1.255GW (AC)/1.568-Gigawatt (DC) Power Plant
NEW DELHI & HYDERABAD, India--(BUSINESS WIRE)--Nextracker, one of the world's leading providers of intelligent solar tracker and software solutions, today announced the signing of an agreement with St...