Cantor Fitzgerald Weighs in on Nextracker FY2025 Earnings

Nextracker Inc. (NASDAQ:NXT) – Equities research analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for shares of Nextracker in a research note issued on Tuesday, January 21st. Cantor Fitzgerald analyst D. Soderberg forecasts that the company will post earnings of $2.42 per share for the year. The consensus estimate for Nextracker’s current full-year earnings is $2.70 per share. Cantor Fitzgerald also issued estimates for Nextracker’s FY2026 earnings at $2.65 EPS.

Several other equities research analysts have also weighed in on NXT. Citigroup dropped their price objective on shares of Nextracker from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Northland Capmk upgraded Nextracker to a “strong-buy” rating in a research report on Tuesday, November 19th. Guggenheim restated a “buy” rating and set a $55.00 price objective on shares of Nextracker in a research report on Friday, November 22nd. Wells Fargo & Company lowered their price objective on Nextracker from $70.00 to $69.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Barclays cut their target price on Nextracker from $61.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.10.

Nextracker Trading Down 2.1 %

Shares of NASDAQ NXT opened at $41.00 on Friday. The company has a quick ratio of 1.99, a current ratio of 2.21 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average price is $38.86 and its two-hundred day moving average price is $39.23. Nextracker has a 52-week low of $30.93 and a 52-week high of $62.31. The stock has a market capitalization of $5.97 billion, a P/E ratio of 10.22 and a beta of 2.04.

Insider Buying and Selling

In other Nextracker 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 sale, the president now 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 is available through the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Nextracker

A number of institutional investors have recently made changes to their positions in the business. Renaissance Capital LLC raised its stake in Nextracker by 3.5% during the 4th quarter. Renaissance Capital LLC now owns 159,779 shares of the company’s stock valued at $5,837,000 after purchasing an additional 5,390 shares during the last quarter. North Point Portfolio Managers Corp OH increased its holdings in shares of Nextracker by 56.7% during the 4th quarter. North Point Portfolio Managers Corp OH now owns 168,526 shares of the company’s stock worth $6,156,000 after purchasing an additional 60,970 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Nextracker during the fourth quarter valued at about $177,000. Secure Asset Management LLC lifted its stake in shares of Nextracker by 14.8% in the fourth quarter. Secure Asset Management LLC now owns 41,948 shares of the company’s stock valued at $1,532,000 after buying an additional 5,408 shares during the period. Finally, Whalen Wealth Management Inc. acquired a new stake in Nextracker during the fourth quarter worth about $450,000. 67.41% of the stock is currently owned by institutional investors.

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.