Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

Nextracker (NXT-Q) is a leading provider of solar tracker systems, enjoying a duopoly in its sector. Despite the struggles in the renewable energy sector, NXT has reported impressive earnings and raised its guidance. The Inflation Reduction Act is proving to be a tailwind for the company, and their US business grew 70% year over year. With energy demand forecasted to grow in the coming years, NXT is experiencing a high demand for its products. The stock is currently trading at a relatively cheap 19x 2025 PE, and experts see it as a promising investment opportunity.

Consensus
Positive
Valuation
Undervalued
Similar
FirstSolar, FSLR
BUY
Nextracker

One of the most successful IPOs last year and has generally climbed since its debut. They make solar tracker systems so that solar panels rotate to follow the sun and maximize power generation. NXT enjoy a duopoly in its sector. The Inflation Reduction Act is a tailwind. As the renewable sector has struggled, NXT keeps reporting good earnings and raising its guidance. When NXT bottomed in mid-January, it was a buying opportunity. Then, it announced a monster 38% revenue growth and boosted full-year guidance. Enjoying a ton of demand. Their US business grew 70% YOY; energy demand is forecast to grow in coming years as legacy power generation facilities retire. Trades at a cheap 19x 2025 PE. 

Technology
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Nextracker(NXT-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Nextracker is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Nextracker(NXT-Q) Frequently Asked Questions

What is Nextracker stock symbol?

Nextracker is a OTC stock, trading under the symbol NXT-Q on the (). It is usually referred to as or NXT-Q

Is Nextracker a buy or a sell?

In the last year, 1 stock analyst published opinions about NXT-Q. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Nextracker.

Is Nextracker a good investment or a top pick?

Nextracker was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Nextracker.

Why is Nextracker stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Nextracker worth watching?

In the last year, there was no coverage of Nextracker published on Stockchase.

What is Nextracker stock price?

On , Nextracker (NXT-Q) stock closed at a price of $.