Nextracker FY2025 EPS Estimate Lifted by Cantor Fitzgerald

Nextracker Inc. (NASDAQ:NXT) – Analysts at Cantor Fitzgerald boosted their FY2025 EPS estimates for Nextracker in a note issued to investors on Thursday, January 30th. Cantor Fitzgerald analyst D. Soderberg now anticipates that the company will earn $3.22 per share for the year, up from their prior estimate of $2.42. The consensus estimate for Nextracker’s current full-year earnings is $3.29 per share.

Nextracker (NASDAQ:NXT) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.31. Nextracker had a return on equity of 41.22% and a net margin of 20.12%.

NXT has been the subject of several other reports. Northland Capmk upgraded shares of Nextracker to a “strong-buy” rating in a report on Tuesday, November 19th. BMO Capital Markets raised their target price on Nextracker from $48.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. upped their price target on Nextracker from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. UBS Group raised their price objective on Nextracker from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $56.00 target price (up from $54.00) on shares of Nextracker in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $56.50.

Nextracker Trading Up 2.4 %

NASDAQ:NXT opened at $49.75 on Monday. The company has a 50-day moving average price of $39.85 and a 200-day moving average price of $38.99. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 12.66 and a beta of 2.13. The company has a current ratio of 2.20, a quick ratio of 1.96 and a debt-to-equity ratio of 0.10. Nextracker has a 12 month low of $30.93 and a 12 month high of $62.31.

Institutional Trading of Nextracker

Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its position in shares of Nextracker by 52.4% during the 4th quarter. Allworth Financial LP now owns 803 shares of the company’s stock valued at $29,000 after buying an additional 276 shares in the last quarter. Principal Securities Inc. raised its stake in Nextracker by 41.8% during the 4th quarter. Principal Securities Inc. now owns 1,390 shares of the company’s stock worth $51,000 after acquiring an additional 410 shares during the period. Quarry LP lifted its holdings in Nextracker by 61.5% during the third quarter. Quarry LP now owns 1,119 shares of the company’s stock valued at $42,000 after purchasing an additional 426 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Nextracker by 38.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,859 shares of the company’s stock worth $68,000 after purchasing an additional 516 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of Nextracker by 1.8% in the third quarter. HighTower Advisors LLC now owns 29,777 shares of the company’s stock worth $1,115,000 after purchasing an additional 519 shares in the last quarter. 67.41% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Nextracker news, CAO David P. Bennett sold 9,801 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $49.90, for a total transaction of $489,069.90. Following the completion of the sale, the chief accounting officer now directly owns 124,577 shares in the company, valued at $6,216,392.30. The trade was a 7.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Howard Wenger sold 6,066 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $45.00, for a total transaction of $272,970.00. Following the completion of the transaction, the president now owns 209,365 shares in the company, valued at $9,421,425. This trade represents a 2.82 % decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Nextracker Company Profile

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.