NXT stock icon

Nextracker
NXT

$47.14
0.89%

Market Cap: 6.84B

 

About: Nextracker (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextracker's products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. Nextracker has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil.

Employees: 277

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 27 analysts
0
News positive %
of 14 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

731% more first-time investments, than exits

New positions opened: 241 | Existing positions closed: 29

237% more repeat investments, than reductions

Existing positions increased: 145 | Existing positions reduced: 43

139% more capital invested

Capital invested by funds: $3.28B [Q4 2023] → $7.83B (+$4.55B) [Q1 2024]

100% more funds holding in top 10

Funds holding in top 10: 6 [Q4 2023] → 12 (+6) [Q1 2024]

94% more funds holding

Funds holding: 225 [Q4 2023] → 437 (+212) [Q1 2024]

16% more call options, than puts

Call options by funds: $105M | Put options by funds: $90.5M

10.78% less ownership

Funds ownership: 112.72% [Q4 2023] → 101.94% (-10.78%) [Q1 2024]

Research analyst outlook

27 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$50
6%
upside
Avg. target
$64
36%
upside
High target
$73
55%
upside

27 analyst ratings

22 positive
81%
neutral
19%
negative
0%
B of A Securities
Dimple Gosa
40%upside
$66
Buy
Maintained
17 Jul 2024
Barclays
Christine Cho
29%upside
$61
Equal-Weight
Maintained
16 Jul 2024
JP Morgan
Mark Strouse
38%upside
$65
Overweight
Maintained
16 Jul 2024
Susquehanna
Biju Perincheril
25%upside
$59
Positive
Initiated
28 Jun 2024
Truist Securities
Jordan Levy
48%upside
$70
Buy
Maintained
15 May 2024

Financial journalist opinion

Based on 14 articles about NXT published over the past 30 days