Analysts Set Nextracker Inc. (NASDAQ:NXT) Price Target at $94.05

Nextracker Inc. (NASDAQ:NXT) has earned an average recommendation of “Moderate Buy” from the twenty-seven ratings firms that are covering the company, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $94.0476.

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $99.00 price objective on shares of Nextracker and gave the stock a “buy” rating in a report on Friday, October 24th. Royal Bank Of Canada boosted their price target on shares of Nextracker from $92.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Robert W. Baird set a $100.00 price objective on shares of Nextracker in a research note on Friday, October 31st. JPMorgan Chase & Co. lifted their target price on shares of Nextracker from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Finally, TD Cowen boosted their target price on Nextracker from $65.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, October 24th.

Insider Buying and Selling at Nextracker

In related news, President Howard Wenger sold 5,703 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $70.00, for a total value of $399,210.00. Following the transaction, the president directly owned 414,256 shares of the company’s stock, valued at approximately $28,997,920. The trade was a 1.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Charles D. Boynton sold 4,500 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $67.21, for a total transaction of $302,445.00. Following the transaction, the chief financial officer owned 295,059 shares of the company’s stock, valued at approximately $19,830,915.39. The trade was a 1.50% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 15,420 shares of company stock worth $1,092,930. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Nextracker

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its position in Nextracker by 703.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 659 shares of the company’s stock worth $28,000 after purchasing an additional 577 shares during the period. Cullen Frost Bankers Inc. lifted its stake in shares of Nextracker by 122.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 589 shares of the company’s stock valued at $32,000 after buying an additional 324 shares in the last quarter. Summit Securities Group LLC boosted its holdings in Nextracker by 796.0% in the 1st quarter. Summit Securities Group LLC now owns 905 shares of the company’s stock worth $38,000 after buying an additional 804 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Nextracker in the 1st quarter valued at approximately $40,000. Finally, Hantz Financial Services Inc. grew its stake in Nextracker by 1,737.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 827 shares of the company’s stock valued at $45,000 after buying an additional 782 shares in the last quarter. 67.41% of the stock is currently owned by institutional investors.

Nextracker Stock Performance

Shares of NXT opened at $104.63 on Wednesday. The firm has a market capitalization of $15.48 billion, a P/E ratio of 27.18, a P/E/G ratio of 2.66 and a beta of 2.31. Nextracker has a 52 week low of $33.29 and a 52 week high of $112.74. The stock has a 50 day moving average price of $81.73 and a two-hundred day moving average price of $65.81.

Nextracker (NASDAQ:NXT) last announced its earnings results on Thursday, October 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.21. Nextracker had a return on equity of 35.05% and a net margin of 17.08%.The company had revenue of $905.27 million for the quarter, compared to analysts’ expectations of $839.53 million. Nextracker has set its FY 2026 guidance at 4.040-4.250 EPS. On average, equities analysts forecast that Nextracker will post 3.29 earnings per share for the current year.

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.