Nextracker (NASDAQ:NXT) Issues FY 2025 Earnings Guidance

Nextracker (NASDAQ:NXT) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 3.750-3.950 for the period, compared to the consensus EPS 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 trading on Tuesday, hitting $39.62. 4,695,865 shares of the company were exchanged, compared to its average volume of 2,895,078. The company has a quick ratio of 1.99, a current ratio of 2.21 and a debt-to-equity ratio of 0.11. Nextracker has a 1-year low of $30.93 and a 1-year 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. The business’s 50 day moving average is $38.90 and its 200-day moving average is $39.02.

Nextracker (NASDAQ:NXT) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.31. Nextracker had a return on equity of 559.17% and a net margin of 17.26%. Equities analysts forecast that Nextracker will post 2.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NXT shares. JPMorgan Chase & Co. cut their price target on shares of Nextracker from $62.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Citigroup cut their target price on Nextracker from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Barclays decreased their price target on Nextracker from $61.00 to $47.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. TD Cowen started coverage on Nextracker in a research note on Thursday, December 19th. They issued a “hold” rating and a $41.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on shares of Nextracker from $70.00 to $69.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Five investment 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.10.

Insider Buying and Selling

In other news, President Howard Wenger sold 6,066 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $45.00, for a total value of $272,970.00. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is currently owned by company insiders.

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.