Analyzing Nextracker (NASDAQ:NXT) and TGI Solar Power Group (OTCMKTS:TSPG)

Nextracker (NASDAQ:NXT) and TGI Solar Power Group (OTCMKTS:TSPG) are both computer and technology companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, risk, analyst recommendations, earnings, valuation, profitability and dividends.

Analyst Ratings

This is a breakdown of recent recommendations and price targets for Nextracker and TGI Solar Power Group, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Nextracker	0	4	18	0	2.82
TGI Solar Power Group	0	0	0	0	N/A

Nextracker currently has a consensus target price of $58.45, indicating a potential upside of 50.11%. Given Nextracker’s higher possible upside, equities research analysts clearly believe Nextracker is more favorable than TGI Solar Power Group.

Profitability

This table compares Nextracker and TGI Solar Power Group’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Nextracker	14.87%	-20.75%	14.88%
TGI Solar Power Group	N/A	N/A	N/A

Valuation and Earnings

This table compares Nextracker and TGI Solar Power Group’s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Nextracker	$2.74 billion	2.06	$306.24 million	$3.36	11.59
TGI Solar Power Group	N/A	N/A	N/A	N/A	N/A

Nextracker has higher revenue and earnings than TGI Solar Power Group.

Institutional & Insider Ownership

67.4% of Nextracker shares are owned by institutional investors. 0.3% of Nextracker shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Summary

Nextracker beats TGI Solar Power Group on 7 of the 8 factors compared between the two stocks.

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. It also provides TrueCapture, a self-adjusting tracker control system, which boosts solar power plant production by optimizing the position of individual tracker row in response to site features, such as varying topography and changing weather conditions; and NX Navigator, that assists solar power plant owners and operators in monitoring, controlling, and protecting their solar projects. The company was founded in 2013 and is headquartered in Fremont, California. As of March 31, 2024 Nextracker Inc. was formerly a subsidiary of Flex Ltd.

About TGI Solar Power Group

TGI Solar Power Group Inc. intends to provide clients with management, tools, and resources to deliver interactive, real-time, on demand staffing for full time and project based personnel. The company was formerly known as TenthGate International, Inc. and changed its name to TGI Solar Power Group Inc. in June 2008. TGI Solar Power Group Inc. was founded in 1967 and is based in Ewing, New Jersey.