Nextracker (NASDAQ:NXT) Releases FY 2025 Earnings Guidance

Nextracker (NASDAQ:NXT) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 3.750-3.950 for the period, compared to the consensus EPS estimate of 3.260. The company issued revenue guidance of $2.8 billion-$2.9 billion, compared to the consensus revenue estimate of $2.9 billion.

Nextracker Price Performance

Shares of Nextracker stock traded down $0.01 during mid-day trading on Tuesday, reaching $39.62. 4,705,011 shares of the stock were exchanged, compared to its average volume of 2,898,951. Nextracker has a fifty-two week low of $30.93 and a fifty-two week high of $62.31. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 9.88 and a beta of 2.04. The firm has a 50-day simple moving average of $38.90 and a 200 day simple moving average of $39.02. The company has a current ratio of 2.21, a quick ratio of 1.99 and a debt-to-equity ratio of 0.11.

Nextracker (NASDAQ:NXT) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.31. Nextracker had a return on equity of 559.17% and a net margin of 17.26%. On average, sell-side analysts predict that Nextracker will post 2.7 EPS for the current fiscal year.

Analyst Ratings Changes

NXT has been the subject of a number of research reports. Piper Sandler lowered their price objective on Nextracker from $60.00 to $47.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Northland Securities reiterated an “outperform” rating and set a $48.00 price target on shares of Nextracker in a research report on Tuesday, November 19th. The Goldman Sachs Group cut their price objective on shares of Nextracker from $63.00 to $54.00 and set a “buy” rating on the stock in a report on Tuesday, December 17th. TD Cowen began coverage on shares of Nextracker in a report on Thursday, December 19th. They set a “hold” rating and a $41.00 target price for the company. Finally, BMO Capital Markets dropped their target price on shares of Nextracker from $56.00 to $44.00 and set a “market perform” rating for the company in a research report on Monday, October 14th. Five research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.10.

Insider Activity

In other news, President Howard Wenger sold 6,066 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $45.00, for a total value of $272,970.00. Following the transaction, the president now directly owns 209,365 shares of the company’s stock, valued at $9,421,425. This represents a 2.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.