Nextracker Inc. Class A Common Stock (NXT) Stock Forecast
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USD 60.88
(+42.01%)
Based on the Nextracker Inc. Class A Common Stock stock forecast from 16 analysts, the average analyst target price for Nextracker Inc. Class A Common Stock is USD 60.88 over the next 12 months. Nextracker Inc. Class A Common Stock’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Nextracker Inc. Class A Common Stock is Slightly Bullish , which is based on 8 positive signals and 6 negative signals. At the last closing, Nextracker Inc. Class A Common Stock’s stock price was USD 42.87. Nextracker Inc. Class A Common Stock’s stock price has changed by -2.37% over the past week, -23.72% over the past month and +38.87% over the last year.
No recent analyst target price found for Nextracker Inc. Class A Common Stock
No recent average analyst rating found for Nextracker Inc. Class A Common Stock
Company Overview Nextracker Inc. Class A Common Stock
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. It also provides monitoring and control software solutions including TrueCapture, a solar boosting power plant, which boost plant performance by correcting for shading and diffuse light conditions; and NX Navigator, a mitigating extreme weather risk navigator which helps to maintain optimum tracker equipment health and availability. The company was founded in 2013 and is headquartered in Fremont, California. Read Less
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...Read More
Frequently Asked Questions About Nextracker Inc. Class A Common Stock (NXT) Stock
Based on ratings from 16 analysts Nextracker Inc. Class A Common Stock's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 21 buy, sell and 5 hold ratings.
Unfortunately we do not have enough data on NXT's stock to indicate if its a good dividend stock.
Based on targets from 16 analysts, the average taret price for NXT is USD 60.88 over the next 12 months. The maximum analyst target price is USD 71 while the minimum anlayst target price is USD 44.
NXT stock's Price/Earning ratio is 21.67.
Our analysis grades NXT stock's Price / Earning ratio at F. This means that NXT stock's Price/Earning ratio is above 50% of the stocks in the Solar sector in the NSD exchange.
Based on this NXT may be fairly valued for its sector
The last closing price of NXT's stock was USD 42.87.
The most recent market capitalization for NXT is USD 6.37B.
Based on targets from 16 analysts, the average taret price for NXT is projected at USD 60.88 over the next 12 months.
This means that NXT's stock price may go up by +42.01% over the next 12 months.
We can't find any ETFs which contains Nextracker Inc. Class A Common Stock's stock.
As per our most recent records Nextracker Inc. Class A Common Stock has 606 Employees.
Nextracker Inc. Class A Common Stock's registered address is 6200 Paseo Padre Parkway, Fremont, CA, United States, 94555.
You can get more information about it from Nextracker Inc. Class A Common Stock's website at https://www.nextracker.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Low volatility
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior Revenue Growth
This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
What not to like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Below median dividend returns
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
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