Nextracker
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
58% more call options, than puts
Call options by funds: $143M | Put options by funds: $90.5M
22% more repeat investments, than reductions
Existing positions increased: 158 | Existing positions reduced: 130
0.56% less ownership
Funds ownership: 98.83% [Q1] → 98.27% (-0.56%) [Q2]
5% less first-time investments, than exits
New positions opened: 100 | Existing positions closed: 105
1% less funds holding
Funds holding: 443 [Q1] → 438 (-5) [Q2]
13% less capital invested
Capital invested by funds: $7.59B [Q1] → $6.58B (-$1.01B) [Q2]
25% less funds holding in top 10
Funds holding in top 10: 12 [Q1] → 9 (-3) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
BMO Capital Ameet Thakkar 55% 1-year accuracy 6 / 11 met price target | 29%upside $44 | Market Perform Maintained | 14 Oct 2024 |
Barclays Christine Cho 63% 1-year accuracy 22 / 35 met price target | 37%upside $47 | Equal-Weight Maintained | 3 Oct 2024 |
Jefferies Julien Dumoulin-Smith 62% 1-year accuracy 37 / 60 met price target | 35%upside $46 | Hold Initiated | 4 Sept 2024 |
Guggenheim Joseph Osha 59% 1-year accuracy 10 / 17 met price target | 61%upside $55 | Buy Maintained | 16 Aug 2024 |
JP Morgan Mark Strouse 40% 1-year accuracy 17 / 42 met price target | 81%upside $62 | Overweight Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 12 articles about NXT published over the past 30 days