Reviewing Nextracker (NXT) & Its Rivals

Nextracker (NASDAQ:NXTGet Free Report) is one of 20 publicly-traded companies in the “Search & navigation equipment” industry, but how does it contrast to its peers? We will compare Nextracker to related companies based on the strength of its analyst recommendations, valuation, risk, profitability, institutional ownership, earnings and dividends.

Analyst Ratings

This is a summary of current ratings and price targets for Nextracker and its peers, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Nextracker 0 2 21 0 2.91
Nextracker Competitors 76 619 708 21 2.47

Nextracker currently has a consensus price target of $52.91, suggesting a potential downside of 4.53%. As a group, “Search & navigation equipment” companies have a potential upside of 13.61%. Given Nextracker’s peers higher possible upside, analysts plainly believe Nextracker has less favorable growth aspects than its peers.

Valuation & Earnings

This table compares Nextracker and its peers revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Nextracker $1.90 billion $1.14 million 29.64
Nextracker Competitors $5.14 billion $389.26 million 19.78

Nextracker’s peers have higher revenue and earnings than Nextracker. Nextracker is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Profitability

This table compares Nextracker and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Nextracker 4.48% -6.02% 10.69%
Nextracker Competitors -209.13% -20.37% -13.24%

Insider & Institutional Ownership

44.3% of Nextracker shares are owned by institutional investors. Comparatively, 48.3% of shares of all “Search & navigation equipment” companies are owned by institutional investors. 0.1% of Nextracker shares are owned by company insiders. Comparatively, 14.8% of shares of all “Search & navigation equipment” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Nextracker Company Profile

(Get Free Report)

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. It also provides monitoring and control software solutions including TrueCapture, a solar boosting power plant, which boost plant performance by correcting for shading and diffuse light conditions; and NX Navigator, a mitigating extreme weather risk navigator which helps to maintain optimum tracker equipment health and availability. The company was founded in 2013 and is headquartered in Fremont, California.

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