Nextracker (NASDAQ:NXT) Issues 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.

Nextracker Stock Down 10.4 %

Shares of NXT traded down $4.85 during midday trading on Friday, reaching $41.98. 8,965,076 shares of the stock were exchanged, compared to its average volume of 2,707,945. The company has a market capitalization of $6.09 billion, a P/E ratio of 12.49 and a beta of 2.49. The company has a current ratio of 1.98, a quick ratio of 1.76 and a debt-to-equity ratio of 0.15. Nextracker has a 52 week low of $32.14 and a 52 week high of $62.31. The company’s 50 day moving average is $51.35 and its two-hundred day moving average is $51.52.

Nextracker (NASDAQ:NXT) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.38. The firm had revenue of $736.52 million during the quarter, compared to analysts’ expectations of $681.03 million. Nextracker had a net margin of 14.87% and a negative return on equity of 20.75%. On average, sell-side analysts anticipate that Nextracker will post 2.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NXT. Piper Sandler decreased their price target on shares of Nextracker from $66.00 to $64.00 and set an overweight rating for the company in a report on Thursday, April 11th. Truist Financial dropped their target price on Nextracker from $70.00 to $65.00 and set a buy rating on the stock in a research report on Monday, July 29th. JPMorgan Chase & Co. decreased their price objective on shares of Nextracker from $65.00 to $62.00 and set an overweight rating for the company in a research note on Friday. Bank of America increased their price objective on shares of Nextracker from $64.00 to $66.00 and gave the stock a buy rating in a research note on Wednesday, July 17th. Finally, Guggenheim lowered their price target on shares of Nextracker from $73.00 to $60.00 and set a buy rating on the stock in a report on Tuesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Nextracker has a consensus rating of Moderate Buy and a consensus price target of $58.68.

Insider Buying and Selling

In other news, insider Bruce Ledesma sold 12,135 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 17,387 shares in the company, valued at approximately $763,463.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.27% of the stock is currently owned by company insiders.

Nextracker Company Profile

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.