Nextracker (NASDAQ:NXT) Issues FY25 Earnings Guidance

Nextracker (NASDAQ:NXT) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $2.89-3.09 for the period, compared to the consensus EPS estimate of $3.02. The company issued revenue guidance of $2.8-2.9 billion, compared to the consensus revenue estimate of $2.86 billion.

Wall Street Analyst Weigh In

NXT has been the topic of several recent research reports. Piper Sandler lowered their target price on shares of Nextracker from $66.00 to $64.00 and set an overweight rating on the stock in a research note on Thursday, April 11th. Northland Securities cut Nextracker from an outperform rating to a market perform rating and lowered their target price for the stock from $60.00 to $44.00 in a report on Friday, April 26th. Fox Advisors upgraded Nextracker from an equal weight rating to an overweight rating and set a $60.00 price objective on the stock in a research report on Wednesday, May 15th. JPMorgan Chase & Co. upped their target price on Nextracker from $63.00 to $65.00 and gave the company an overweight rating in a report on Tuesday, July 16th. Finally, Susquehanna began coverage on shares of Nextracker in a research report on Friday, June 28th. They set a positive rating and a $59.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $59.36.

Nextracker Stock Performance

Shares of Nextracker stock traded down $2.31 during trading hours on Thursday, hitting $46.83. 3,674,314 shares of the company were exchanged, compared to its average volume of 4,041,452. The business has a 50-day moving average of $51.74 and a 200-day moving average of $51.48. Nextracker has a 1 year low of $32.14 and a 1 year high of $62.31. The company has a current ratio of 1.98, a quick ratio of 1.76 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 13.88 and a beta of 2.51.

Nextracker (NASDAQ:NXT) last issued its earnings results on Tuesday, May 14th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.38. The business had revenue of $736.52 million during the quarter, compared to the consensus estimate of $681.03 million. Nextracker had a negative return on equity of 13.70% and a net margin of 12.25%. As a group, analysts expect that Nextracker will post 2.62 EPS for the current fiscal year.

Insider Activity

In other Nextracker news, insider Bruce Ledesma sold 12,135 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $43.91, for a total transaction of $532,847.85. Following the sale, the insider now owns 17,387 shares in the company, valued at approximately $763,463.17. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.27% of the company’s stock.

Nextracker Company Profile

Nextracker Inc, an energy solutions company, provides solar tracker and software solutions for utility-scale and ground-mounted distributed generation solar projects worldwide. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; NX Gemini, a two-in-portrait format tracker, which holds two rows of solar panels along the central support beam; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.