Nextracker (NASDAQ:NXT) Updates FY25 Earnings Guidance

Nextracker (NASDAQ:NXT) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $2.89-3.09 for the period, compared to the consensus EPS estimate of $3.02. The company issued revenue guidance of $2.8-2.9 billion, compared to the consensus revenue estimate of $2.86 billion. Nextracker also updated its FY 2025 guidance to 2.890-3.090 EPS.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Cantor Fitzgerald reiterated an overweight rating and issued a $55.00 price objective on shares of Nextracker in a research note on Friday. Scotiabank cut their price objective on Nextracker from $55.00 to $50.00 and set a sector outperform rating for the company in a report on Monday, April 29th. Roth Mkm lowered their target price on Nextracker from $70.00 to $65.00 and set a buy rating on the stock in a research note on Friday. Guggenheim cut their price target on Nextracker from $73.00 to $60.00 and set a buy rating for the company in a research note on Tuesday, April 23rd. Finally, BMO Capital Markets reduced their price target on Nextracker from $62.00 to $56.00 and set a market perform rating for the company in a report on Wednesday, May 15th. Four research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $58.68.

Nextracker Price Performance

NASDAQ:NXT traded down $4.85 during mid-day trading on Friday, hitting $41.98. The company’s stock had a trading volume of 8,965,076 shares, compared to its average volume of 2,707,945. The company has a current ratio of 1.98, a quick ratio of 1.76 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average of $51.35 and a 200-day moving average of $51.52. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 12.49 and a beta of 2.49. Nextracker has a fifty-two week low of $32.14 and a fifty-two week high of $62.31.

Nextracker (NASDAQ:NXT) last posted its earnings results on Tuesday, May 14th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.47 by $0.38. The business had revenue of $736.52 million during the quarter, compared to the consensus estimate of $681.03 million. Nextracker had a negative return on equity of 20.75% and a net margin of 14.87%. As a group, equities analysts forecast that Nextracker will post 2.62 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Bruce Ledesma sold 12,135 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $43.91, for a total transaction of $532,847.85. Following the sale, the insider now directly owns 17,387 shares in the company, valued at approximately $763,463.17. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

About Nextracker

Nextracker Inc, an energy solutions company, provides solar tracker and software solutions for utility-scale and ground-mounted distributed generation solar projects worldwide. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; NX Gemini, a two-in-portrait format tracker, which holds two rows of solar panels along the central support beam; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.