Nextracker (NASDAQ:NXT) Issues FY 2025 Earnings Guidance

Nextracker (NASDAQ:NXT) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.750-3.950 for the period, compared to the consensus earnings per share 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

NASDAQ NXT traded down $0.01 on Tuesday, hitting $39.62. 4,705,011 shares of the company’s stock were exchanged, compared to its average volume of 2,898,951. The stock has a 50-day moving average of $38.90 and a 200-day moving average of $39.02. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 9.88 and a beta of 2.04. Nextracker has a 52 week low of $30.93 and a 52 week high of $62.31. The company has a current ratio of 2.21, a quick ratio of 1.99 and a debt-to-equity ratio of 0.11.

Nextracker (NASDAQ:NXT) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.31. Nextracker had a return on equity of 559.17% and a net margin of 17.26%. Analysts expect that Nextracker will post 2.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. BMO Capital Markets decreased their price target 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. Citigroup decreased their target price 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. Guggenheim reiterated a “buy” rating and issued a $55.00 price target on shares of Nextracker in a research note on Friday, November 22nd. Susquehanna reduced their price objective on Nextracker from $59.00 to $50.00 and set a “positive” rating on the stock in a research report on Wednesday, October 16th. Finally, Robert W. Baird lowered their target price on Nextracker from $71.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Nextracker currently has a consensus rating of “Moderate Buy” and an average target price of $53.10.

Insider Activity at Nextracker

In other Nextracker news, President Howard Wenger sold 6,066 shares of the business’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 value of $272,970.00. Following the transaction, the president now directly owns 209,365 shares of the company’s stock, valued at approximately $9,421,425. The trade was a 2.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is 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.