Nextracker (NASDAQ:NXT) Updates FY 2025 Earnings Guidance

Nextracker (NASDAQ:NXT) updated its FY 2025 earnings guidance on Tuesday. 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 Ratings Changes

Several brokerages recently weighed in on NXT. Guggenheim boosted their target price on Nextracker from $50.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday. Truist Financial restated a “buy” rating and set a $56.00 price target (up previously from $54.00) on shares of Nextracker in a research note on Wednesday. TD Cowen initiated coverage on shares of Nextracker in a research report on Thursday, December 19th. They issued a “hold” rating and a $41.00 price objective for the company. UBS Group boosted their target price on shares of Nextracker from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Bank of America decreased their price target on shares of Nextracker from $65.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Nextracker has a consensus rating of “Moderate Buy” and a consensus target price of $56.50.

Nextracker Stock Up 24.3 %

Shares of NXT opened at $49.24 on Thursday. The company’s 50-day simple moving average is $38.96 and its 200-day simple moving average is $38.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.99 and a current ratio of 2.21. Nextracker has a 1 year low of $30.93 and a 1 year high of $62.31. The stock has a market capitalization of $7.17 billion, a PE ratio of 12.28 and a beta of 2.04.

Nextracker (NASDAQ:NXT) last released its earnings results on Tuesday, January 28th. The company reported $0.89 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%. Analysts forecast that Nextracker will post 2.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Nextracker

In other news, President Howard Wenger sold 6,066 shares of the company’s stock in a transaction dated 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 directly owns 209,365 shares of the company’s stock, valued at approximately $9,421,425. This represents a 2.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.27% of the company’s stock.

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.