Research Analysts’ Recent Ratings Changes for Nextracker (NXT)

Nextracker (NASDAQ: NXT) has recently received a number of price target changes and ratings updates:

• 11/19/2024 – Nextracker was upgraded by analysts at Northland Capmk to a “strong-buy” rating.
• 11/19/2024 – Nextracker had its “outperform” rating reaffirmed by analysts at Northland Securities. They now have a $48.00 price target on the stock.
• 11/7/2024 – Nextracker had its price target lowered by analysts at Bank of America Co. from $65.00 to $52.00. They now have a “buy” rating on the stock.
• 11/1/2024 – Nextracker had its price target raised by analysts at Truist Financial Co. from $50.00 to $54.00. They now have a “buy” rating on the stock.
• 10/31/2024 – Nextracker had its price target lowered by analysts at Robert W. Baird from $71.00 to $53.00. They now have an “outperform” rating on the stock.
• 10/29/2024 – Nextracker had its price target lowered by analysts at Wells Fargo & Company from $64.00 to $58.00. They now have an “overweight” rating on the stock.
• 10/17/2024 – Nextracker had its price target lowered by analysts at JPMorgan Chase & Co. from $62.00 to $58.00. They now have an “overweight” rating on the stock.
• 10/16/2024 – Nextracker had its price target lowered by analysts at Susquehanna from $59.00 to $50.00. They now have a “positive” rating on the stock.
• 10/16/2024 – Nextracker had its price target lowered by analysts at Truist Financial Co. from $65.00 to $50.00. They now have a “buy” rating on the stock.
• 10/14/2024 – Nextracker had its price target lowered by analysts at BMO Capital Markets from $56.00 to $44.00. They now have a “market perform” rating on the stock.
• 10/3/2024 – Nextracker had its price target lowered by analysts at Barclays PLC from $61.00 to $47.00. They now have an “equal weight” rating on the stock.

Nextracker Trading Up 0.3 %

NASDAQ:NXT opened at $37.69 on Friday. Nextracker Inc. has a 52 week low of $30.93 and a 52 week high of $62.31. The firm has a 50-day moving average price of $36.51 and a two-hundred day moving average price of $43.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.99 and a current ratio of 2.21. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 9.40 and a beta of 2.32.

Institutional Trading of Nextracker

A number of large investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in Nextracker by 73.2% during the second quarter. GAMMA Investing LLC now owns 660 shares of the company’s stock worth $31,000 after acquiring an additional 279 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Nextracker by 1,602.5% during the 2nd quarter. Fifth Third Bancorp now owns 681 shares of the company’s stock valued at $32,000 after acquiring an additional 641 shares during the period. TFC Financial Management Inc. purchased a new stake in Nextracker in the 2nd quarter worth approximately $32,000. Rothschild Investment LLC bought a new stake in Nextracker during the 2nd quarter worth approximately $35,000. Finally, Covestor Ltd lifted its holdings in Nextracker by 29,300.0% during the first quarter. Covestor Ltd now owns 882 shares of the company’s stock valued at $49,000 after purchasing an additional 879 shares in the last quarter. Institutional investors own 67.41% of the company’s stock.

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.