Nextracker (NASDAQ:NXT) Releases Earnings Results, Beats Expectations By $0.31 EPS

Nextracker (NASDAQ:NXT) announced its quarterly earnings data on Tuesday. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.58 by $0.31, Zacks reports. Nextracker had a net margin of 17.26% and a return on equity of 559.17%. Nextracker updated its FY 2025 guidance to 3.750-3.950 EPS.

Nextracker Trading Up 24.3 %

NXT opened at $49.24 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.21 and a quick ratio of 1.99. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 12.28 and a beta of 2.04. The business has a fifty day moving average price of $38.96 and a 200 day moving average price of $38.93. Nextracker has a 12 month low of $30.93 and a 12 month high of $62.31.

Analyst Upgrades and Downgrades

NXT has been the subject of a number of research analyst reports. Guggenheim raised their price target on shares of Nextracker from $50.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday. Northland Securities restated an “outperform” rating and issued a $55.00 target price (up previously from $48.00) on shares of Nextracker in a research note on Wednesday. TD Cowen started coverage on Nextracker in a research note on Thursday, December 19th. They set a “hold” rating and a $41.00 price target on the stock. The Goldman Sachs Group raised their price objective on Nextracker from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Susquehanna increased their price target on shares of Nextracker from $50.00 to $54.00 and gave the stock a “positive” rating in a report on Wednesday. Three investment 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.50.

Insider Buying and Selling

In other Nextracker news, President Howard Wenger sold 6,066 shares of the business’s 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 transaction, the president now owns 209,365 shares in the company, valued at approximately $9,421,425. The trade was a 2.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.27% of the stock is owned by company insiders.

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.