Cantor Fitzgerald Forecasts Nextracker FY2025 Earnings

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

Several other research firms also recently issued reports on NXT. Citigroup reduced their price target on Nextracker from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Northland Capmk raised shares of Nextracker to a “strong-buy” rating in a research report on Tuesday, November 19th. Barclays decreased their price target on shares of Nextracker from $61.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Nextracker from $62.00 to $58.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Finally, BMO Capital Markets lowered 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. Five analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.10.

Nextracker Price Performance

Nextracker stock opened at $41.89 on Friday. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 10.45 and a beta of 2.04. 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 has a 12 month low of $30.93 and a 12 month high of $62.31. The stock’s 50 day moving average is $38.73 and its 200-day moving average is $39.26.

Insiders Place Their Bets

In other news, President Howard Wenger sold 6,066 shares of the company’s stock in a transaction on 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 transaction, the president now directly owns 209,365 shares in the company, valued at approximately $9,421,425. This represents a 2.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Nextracker

Several hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of Nextracker by 23.5% during the second quarter. Envestnet Asset Management Inc. now owns 123,796 shares of the company’s stock worth $5,804,000 after purchasing an additional 23,588 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Nextracker by 35.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,766,871 shares of the company’s stock worth $82,844,000 after acquiring an additional 460,739 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Nextracker in the 2nd quarter valued at approximately $228,000. Public Employees Retirement Association of Colorado increased its position in Nextracker by 36.5% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 12,276 shares of the company’s stock valued at $575,000 after acquiring an additional 3,282 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Nextracker by 29,269.0% during the second quarter. Pacer Advisors Inc. now owns 29,369 shares of the company’s stock valued at $1,377,000 after acquiring an additional 29,269 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.