Northland Capmk Comments on Nextracker Q1 Earnings

Nextracker Inc. (NASDAQ:NXT) – Investment analysts at Northland Capmk issued their Q1 2026 earnings per share (EPS) estimates for shares of Nextracker in a note issued to investors on Tuesday, November 19th. Northland Capmk analyst D. Schafer expects that the company will earn $0.65 per share for the quarter. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Nextracker’s current full-year earnings is $2.74 per share. Northland Capmk also issued estimates for Nextracker’s Q2 2026 earnings at $0.62 EPS, Q4 2026 earnings at $0.78 EPS and FY2026 earnings at $2.71 EPS.

Other research analysts have also issued reports about the company. Susquehanna lowered their target price on Nextracker from $59.00 to $50.00 and set a “positive” rating on the stock in a report on Wednesday, October 16th. Truist Financial lifted their price objective on shares of Nextracker from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets dropped their target price on shares of Nextracker from $56.00 to $44.00 and set a “market perform” rating on the stock in a report on Monday, October 14th. Wells Fargo & Company reduced their target price on shares of Nextracker from $64.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $48.00 price target on shares of Nextracker in a report on Tuesday. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Nextracker has a consensus rating of “Moderate Buy” and an average price target of $55.15.

Nextracker Trading Up 0.3 %

Shares of NASDAQ:NXT opened at $37.69 on Thursday. The company has a 50 day moving average of $36.51 and a 200-day moving average of $43.15. 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 firm has a market cap of $5.49 billion, a P/E ratio of 9.40 and a beta of 2.32. Nextracker has a twelve month low of $30.93 and a twelve month high of $62.31.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Nextracker by 166.1% during the 1st quarter. Vanguard Group Inc. now owns 12,531,526 shares of the company’s stock worth $705,149,000 after buying an additional 7,821,368 shares during the period. State Street Corp grew its position in shares of Nextracker by 15.8% in the third quarter. State Street Corp now owns 5,070,473 shares of the company’s stock valued at $190,041,000 after purchasing an additional 690,343 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Nextracker by 23.3% in the third quarter. Geode Capital Management LLC now owns 3,593,938 shares of the company’s stock valued at $134,724,000 after purchasing an additional 679,272 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of 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. Finally, Victory Capital Management Inc. lifted its position in shares of Nextracker by 15.4% during the 3rd 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 during the last quarter. Institutional investors and hedge funds own 67.41% of the company’s stock.

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.