Q1 EPS Estimates for Nextracker Raised by Northland Capmk

Nextracker Inc. (NASDAQ:NXT) – Investment analysts at Northland Capmk upped their Q1 2026 earnings per share estimates for shares of Nextracker in a research report issued to clients and investors on Wednesday, January 29th. Northland Capmk analyst G. Richard now forecasts that the company will post earnings of $0.79 per share for the quarter, up from their prior forecast of $0.65. Northland Capmk currently has a “Strong-Buy” rating on the stock. The consensus estimate for Nextracker’s current full-year earnings is $2.67 per share. Northland Capmk also issued estimates for Nextracker’s Q3 2026 earnings at $0.77 EPS and Q4 2026 earnings at $0.94 EPS.

A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Nextracker from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday. Jefferies Financial Group upgraded Nextracker from a “hold” rating to a “buy” rating and increased their target price for the stock from $46.00 to $56.00 in a research report on Wednesday. Northland Securities reaffirmed an “outperform” rating and issued a $55.00 price target (up from $48.00) on shares of Nextracker in a report on Wednesday. Guggenheim boosted their price objective on Nextracker from $50.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, The Goldman Sachs Group raised their target price on Nextracker from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Nextracker has an average rating of “Moderate Buy” and a consensus target price of $56.50.

Nextracker Price Performance

Nextracker stock opened at $50.63 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.99 and a debt-to-equity ratio of 0.11. The business’s 50 day simple moving average is $39.20 and its 200 day simple moving average is $39.00. Nextracker has a 12 month low of $30.93 and a 12 month high of $62.31. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 12.88 and a beta of 2.04.

Nextracker (NASDAQ:NXT) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.31. Nextracker had a net margin of 20.12% and a return on equity of 43.83%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in Nextracker by 15.8% in the third quarter. State Street Corp now owns 5,070,473 shares of the company’s stock worth $190,041,000 after buying an additional 690,343 shares during the period. Geode Capital Management LLC raised its position in shares of Nextracker by 23.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,593,938 shares of the company’s stock worth $134,724,000 after acquiring an additional 679,272 shares in the last quarter. Wellington Management Group LLP grew its stake in Nextracker by 25.5% in the third quarter. Wellington Management Group LLP now owns 3,392,992 shares of the company’s stock worth $127,169,000 after purchasing an additional 688,810 shares during the period. Victory Capital Management Inc. raised its holdings in Nextracker by 15.4% in the third quarter. Victory Capital Management Inc. now owns 2,367,636 shares of the company’s stock worth $88,739,000 after purchasing an additional 315,199 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its position in Nextracker by 5.3% during the third quarter. Handelsbanken Fonder AB now owns 1,675,617 shares of the company’s stock valued at $62,802,000 after buying an additional 84,069 shares during the period. 67.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, President Howard Wenger sold 6,066 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $45.00, for a total transaction of $272,970.00. Following the completion of the transaction, the president now owns 209,365 shares in the company, valued at $9,421,425. This represents a 2.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.27% of the company’s stock.

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.