Nextracker (NASDAQ:NXT) Issues FY 2026 Earnings Guidance

Nextracker (NASDAQ:NXT) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.650-4.030 for the period, compared to the consensus estimate of 3.870. The company issued revenue guidance of $3.2 billion-$3.4 billion, compared to the consensus revenue estimate of $3.2 billion.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Susquehanna raised their price objective on shares of Nextracker from $54.00 to $66.00 and gave the stock a “positive” rating in a report on Thursday. Royal Bank of Canada initiated coverage on Nextracker in a report on Monday, March 17th. They issued an “outperform” rating and a $55.00 target price for the company. The Goldman Sachs Group upped their price target on Nextracker from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group upgraded Nextracker from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $46.00 to $56.00 in a report on Wednesday, January 29th. Finally, Roth Capital restated a “buy” rating and set a $70.00 target price (up previously from $55.00) on shares of Nextracker in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Nextracker presently has a consensus rating of “Moderate Buy” and an average price target of $59.60.

Nextracker Stock Up 11.9%

Shares of Nextracker stock opened at $61.59 on Friday. The company has a quick ratio of 1.96, a current ratio of 2.20 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average price is $43.15 and its 200-day moving average price is $41.83. Nextracker has a 52-week low of $30.93 and a 52-week high of $63.19. The company has a market cap of $8.97 billion, a P/E ratio of 15.67 and a beta of 2.03.

Insiders Place Their Bets

In other Nextracker news, President Howard Wenger sold 6,066 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $55.00, for a total transaction of $333,630.00. Following the transaction, the president now directly owns 219,389 shares of the company’s stock, valued at $12,066,395. This trade represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO David P. Bennett sold 9,801 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $55.00, for a total transaction of $539,055.00. Following the sale, the chief accounting officer now directly owns 124,615 shares of the company’s stock, valued at $6,853,825. This represents a 7.29% 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.