Streetbeat News

NXT

Nextracker Inc.

https://www.nextracker.com

Industry

Solar

Nextracker Inc., an energy solutions company, provides solar tracker solutions for PV projects. The company offers solar trackers, such as Bifacial PV modules for large-scale solar; NX Horizon for solar power plants; NX Gemini two-in-portrait solar tracker that optimizes lifetime value and performance of power plants for project developers and asset owners; and NX Horizon XTR, an all-terrain solar tracker. It also provides TrueCapture, an intelligent and self-adjusting tracker control system for PV power plants; and NX Navigator, an operational control and risk mitigation software. The company was incorporated in 2013 and is based in Fremont, California. Nextracker Inc. operates as a subsidiary of Flex Ltd.

Open

39.98

Mkt cap

5.3B

Volume

2.8M

High

40.05

P/E Ratio

8.62

52-wk high

62.31

Low

36.44

Div yield

N/A

52-wk low

30.93

Goldman Sachs analyst Brian Lee has maintained a Buy rating on NEXTracker (NASDAQ:NXT) and increased the price target from $62 to $70.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 2:09 pm

Nextracker's stock price increased following the announcement of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 1:36 pm

Wells Fargo analyst Praneeth Satish has maintained an Overweight rating on NEXTracker (NASDAQ:NXT), raising the price target from $57 to $68. This adjustment reflects a positive outlook on NXT's future performance.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 1:17 pm

In Thursday's pre-market session, 12 industrials stocks showed significant movement. WANG & LEE Group and NEXTracker led the gainers with over 17% increases, while Earlyworks Co and Rocket Lab USA were among the top losers, dropping over 11%. Notably, NEXTracker's rise followed its Q3 earnings release, and C.H. Robinson Worldwide's drop came after its Q4 earnings announcement.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 1:06 pm

Nextracker Inc. (NASDAQ:NXT) shares surged by around 20% in pre-market trading after reporting Q3 earnings and revenue that significantly beat analyst expectations. Other stocks also showed notable movements in pre-market trading, with several companies experiencing gains due to various factors, including earnings reports, compliance news, and strategic announcements. Conversely, some stocks faced declines due to negative earnings reports, reverse stock splits, and other adverse news.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 12:51 pm

Nextracker Inc. (NASDAQ:NXT) reported Q3 earnings of 96 cents per share, surpassing estimates of 48 cents, and revenue of $710.43 million, beating estimates of $617.95 million. The company saw a 168% increase in adjusted EBITDA year-over-year and raised its FY 2024 revenue guidance to $2.425-$2.475 billion, with GAAP net income expected between $374-$429 million. Shares rose 18.20% to $53.51 in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 31, 2024 | 10:26 pm

In Wednesday's after-market session, several industrial stocks saw significant movement. Earlyworks Co (ELWS) and NEXTracker (NXT) were among the gainers, with ELWS rising 13.3% and NXT increasing by 11.59% after Q3 earnings release. Ault Alliance (AULT), Aqua Metals (AQMS), Markforged Holding (MKFG), and Sunworks (SUNW) also saw gains. On the losing side, Rocket Lab USA (RKLB) dropped 12.2%, while Sentage Hldgs (SNTG), Nuburu (BURU), Agrify (AGFY), C.H. Robinson Worldwide (CHRW), and FiscalNote Holdings (NOTE) experienced declines, with CHRW falling after Q4 earnings release.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 9:31 pm

Nextracker's stock price has increased following the release of their Q3 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:24 pm

NEXTracker (NASDAQ:NXT) reported Q3 adjusted EPS of $0.96, surpassing the $0.48 estimate, and sales of $710.43M, exceeding the $617.95M estimate. This represents a 38.38% increase in sales compared to the same period last year.

Portfolio Pulse from totan@benzinga.com

January 31, 2024 | 9:12 pm

Citigroup analyst Ryan Levine has maintained a Neutral rating on NEXTracker (NASDAQ:NXT) and increased the price target from $45 to $52.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 8:44 pm

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