Nextracker (NASDAQ:NXT) Releases FY 2026 Earnings Guidance

Nextracker (NASDAQ:NXT) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 4.040-4.250 for the period, compared to the consensus estimate of 3.930. The company issued revenue guidance of $3.3 billion-$3.5 billion, compared to the consensus revenue estimate of $3.4 billion.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NXT shares. JPMorgan Chase & Co. upped their price target on shares of Nextracker from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays reiterated an “overweight” rating and issued a $92.00 price target on shares of Nextracker in a report on Thursday, October 2nd. TD Cowen increased their price target on shares of Nextracker from $65.00 to $88.00 and gave the company a “hold” rating in a report on Friday. Wells Fargo & Company increased their price target on shares of Nextracker from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Finally, Northland Capmk downgraded shares of Nextracker from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.05.

Nextracker Price Performance

Nextracker stock opened at $98.28 on Friday. Nextracker has a 12-month low of $31.18 and a 12-month high of $101.98. The stock has a market capitalization of $14.54 billion, a P/E ratio of 25.53, a P/E/G ratio of 2.25 and a beta of 2.27. The firm’s 50-day moving average is $74.72 and its two-hundred day moving average is $61.29.

Insider Activity

In other Nextracker news, President Howard Wenger sold 5,217 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $75.00, for a total transaction of $391,275.00. Following the sale, the president directly owned 409,039 shares of the company’s stock, valued at $30,677,925. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bruce Ledesma sold 6,980 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $56.24, for a total transaction of $392,555.20. Following the sale, the insider directly owned 195,790 shares in the company, valued at $11,011,229.60. This represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,400 shares of company stock valued at $2,053,385 over the last quarter. 0.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NXT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Nextracker by 19.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 437,490 shares of the company’s stock worth $18,436,000 after acquiring an additional 71,842 shares during the period. M&T Bank Corp purchased a new position in shares of Nextracker during the 2nd quarter worth about $223,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Nextracker by 179.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock worth $61,000 after acquiring an additional 724 shares during the period. Cerity Partners LLC raised its holdings in Nextracker by 154.0% in the second quarter. Cerity Partners LLC now owns 18,539 shares of the company’s stock valued at $1,008,000 after buying an additional 11,239 shares during the period. Finally, California Public Employees Retirement System raised its holdings in Nextracker by 36.5% in the second quarter. California Public Employees Retirement System now owns 222,960 shares of the company’s stock valued at $12,122,000 after buying an additional 59,573 shares during the period. 67.41% of the stock is currently owned by hedge funds and other institutional investors.

About Nextracker

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.