Northland Capmk Has Positive View of Nextracker Q1 Earnings

Nextracker Inc. (NASDAQ:NXT) – Stock analysts at Northland Capmk upped their Q1 2026 earnings per share estimates for shares of Nextracker in a note issued to investors on Wednesday, January 29th. Northland Capmk analyst G. Richard now expects that the company will post earnings per share of $0.79 for the quarter, up from their prior estimate 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.

Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Nextracker from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday. Truist Financial restated a “buy” rating and issued a $56.00 price objective (up previously from $54.00) on shares of Nextracker in a research report on Wednesday. UBS Group increased their target price on shares of Nextracker from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday. Guggenheim upped their price target on Nextracker from $50.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, The Goldman Sachs Group lifted their price objective on Nextracker from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Nextracker currently has a consensus rating of “Moderate Buy” and an average price target of $56.50.

Nextracker Trading Down 0.4 %

Shares of NXT stock opened at $50.42 on Friday. The business has a 50-day moving average of $39.46 and a 200 day moving average of $39.08. 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 1-year low of $30.93 and a 1-year high of $62.31. The stock has a market capitalization of $7.34 billion, a PE ratio of 12.83 and a beta of 2.04.

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

Insider Buying and Selling at Nextracker

In related news, CAO David P. Bennett sold 9,801 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $49.90, for a total value of $489,069.90. Following the transaction, the chief accounting officer now directly owns 124,577 shares of the company’s stock, valued at approximately $6,216,392.30. This represents a 7.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Howard Wenger sold 6,066 shares of Nextracker stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $45.00, for a total value 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. The trade was a 2.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Hedge Funds Weigh In On Nextracker

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its position in Nextracker by 23.3% during the third quarter. Geode Capital Management LLC now owns 3,593,938 shares of the company’s stock valued at $134,724,000 after acquiring an additional 679,272 shares during the last quarter. Secure Asset Management LLC purchased a new stake in shares of Nextracker during the 3rd quarter valued at about $1,370,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Nextracker by 33.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,226,862 shares of the company’s stock worth $45,983,000 after purchasing an additional 307,956 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Nextracker by 30.7% in the third quarter. Van ECK Associates Corp now owns 60,613 shares of the company’s stock worth $2,272,000 after buying an additional 14,249 shares during the last quarter. Finally, Nordea Investment Management AB bought a new stake in Nextracker during the fourth quarter valued at approximately $5,734,000. 67.41% of the stock is owned by institutional investors.

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.