Nextracker (NASDAQ:NXT) Issues FY 2025 Earnings Guidance

Nextracker (NASDAQ:NXT) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.750-3.950 for the period, compared to the consensus earnings per share 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 NASDAQ:NXT traded down $0.01 during midday trading on Tuesday, reaching $39.62. The company’s stock had a trading volume of 4,695,865 shares, compared to its average volume of 2,895,078. The business’s fifty day simple moving average is $38.90 and its 200-day simple moving average is $39.02. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.21 and a quick ratio of 1.99. Nextracker has a fifty-two week low of $30.93 and a fifty-two week high of $62.31. The company has a market capitalization of $5.77 billion, a P/E ratio of 9.88 and a beta of 2.04.

Nextracker (NASDAQ:NXT) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.58 by $0.31. Nextracker had a net margin of 17.26% and a return on equity of 559.17%. As a group, equities research analysts expect that Nextracker will post 2.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NXT has been the subject of a number of analyst reports. BMO Capital Markets decreased their price objective on Nextracker from $56.00 to $44.00 and set a “market perform” rating for the company in a research note on Monday, October 14th. Robert W. Baird lowered their price target on Nextracker from $71.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Guggenheim reissued a “buy” rating and set a $55.00 price objective on shares of Nextracker in a research note on Friday, November 22nd. Piper Sandler decreased their price objective on shares of Nextracker from $60.00 to $47.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Nextracker from $62.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Five analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.10.

Insider Activity at Nextracker

In other news, President Howard Wenger sold 6,066 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $45.00, for a total transaction of $272,970.00. Following the transaction, the president now directly owns 209,365 shares of the company’s stock, valued at approximately $9,421,425. This trade 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 hyperlink. 0.27% of the stock is currently owned by corporate 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.