Nextracker (NASDAQ:NXT) Updates FY 2025 Earnings Guidance

Nextracker (NASDAQ:NXT) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 3.750-3.950 for the period, compared to the consensus earnings per share 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 research analysts recently weighed in on the stock. Citigroup dropped their target price on shares of Nextracker from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Bank of America cut their target price on Nextracker from $65.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. TD Cowen began coverage on Nextracker in a report on Thursday, December 19th. They issued a “hold” rating and a $41.00 price target on the stock. BMO Capital Markets increased their price objective on shares of Nextracker from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, Northland Securities reissued an “outperform” rating and issued a $55.00 target price (up previously from $48.00) on shares of Nextracker in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.50.

Nextracker Price Performance

NXT opened at $49.24 on Thursday. The company has a quick ratio of 1.99, a current ratio of 2.21 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average of $38.96 and a 200 day moving average of $38.93. Nextracker has a 52-week low of $30.93 and a 52-week high of $62.31. The stock has a market cap of $7.17 billion, a P/E ratio of 12.28 and a beta of 2.04.

Nextracker (NASDAQ:NXT) last posted 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 net margin of 17.26% and a return on equity of 559.17%. As a group, sell-side analysts anticipate that Nextracker will post 2.7 EPS for the current year.

Insider Transactions at Nextracker

In other news, President Howard Wenger sold 6,066 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $45.00, for a total value of $272,970.00. Following the completion of the sale, 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 can be accessed through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

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.