Cantor Fitzgerald Weighs in on Nextracker FY2025 Earnings

Nextracker Inc. (NASDAQ:NXT) – Analysts at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for Nextracker in a note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst D. Soderberg expects that the company will post earnings per share of $2.42 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.

A number of other research analysts also recently commented on NXT. Citigroup lowered their price target on shares of Nextracker from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price on Nextracker from $62.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Northland Securities restated an “outperform” rating and set a $48.00 price target on shares of Nextracker in a report on Tuesday, November 19th. Barclays dropped their price objective on shares of Nextracker from $61.00 to $47.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Finally, Northland Capmk raised shares of Nextracker to a “strong-buy” rating in a research note on Tuesday, November 19th. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.10.

Nextracker Price Performance

NXT stock opened at $41.00 on Friday. The company has a fifty day simple moving average of $38.77 and a two-hundred day simple moving average of $39.28. Nextracker has a 52 week low of $30.93 and a 52 week high of $62.31. 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 firm has a market capitalization of $5.97 billion, a P/E ratio of 10.22 and a beta of 2.04.

Insider Activity at Nextracker

In related news, President Howard Wenger sold 6,066 shares of Nextracker stock in a transaction dated Thursday, January 16th. The shares were 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 in the company, valued at $9,421,425. This trade represents a 2.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.27% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Capital LLC increased its position 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 period. North Point Portfolio Managers Corp OH increased its position in Nextracker by 56.7% during the 4th quarter. North Point Portfolio Managers Corp OH now owns 168,526 shares of the company’s stock valued at $6,156,000 after purchasing an additional 60,970 shares during the period. Union Bancaire Privee UBP SA purchased a new position in Nextracker during the 4th quarter valued at about $177,000. Secure Asset Management LLC increased its position in Nextracker by 14.8% during the 4th quarter. Secure Asset Management LLC now owns 41,948 shares of the company’s stock valued at $1,532,000 after purchasing an additional 5,408 shares during the period. Finally, Whalen Wealth Management Inc. purchased a new position in Nextracker during the 4th quarter valued at about $450,000. Hedge funds and other institutional investors 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.