Nextracker (NXT-Q)
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Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 10 opinions in the last 12 months.
Nextracker (NXT-Q) is a solar technology company that has received mixed reviews from experts. Despite experiencing a significant drop of 33% in the past quarter, some analysts highlight the company's strong backlog of solar equipment orders and its innovative solar panel technology that maximizes energy capture by rotating with the sun. There are concerns about the stock's volatility and potential performance related to political outcomes, particularly regarding government support for solar energy initiatives. However, many believe that the fundamentals remain solid, citing growth prospects bolstered by upcoming tax credits and infrastructure spending. Analysts suggest a cautious approach, recommending stop-loss measures while acknowledging the potential for upside as market sentiment develops.
It has missed past quarters, but reported well last week. They have a huge backlog in solar equipment orders. Their solar panels rotate to follow the sun, thereby maximizing the sun's power. This is the best solar energy stock if Harris wins, which is why he bought it--to hedge his bets.
He was wrong about this. Is down 33% in the past quarter. It won't do well if Harris doesn't win the election. He's holding it and will sell it if it bounces.
It's one of the most poorly-acting stocks on both good and bad days. He's holding on until their next report. Is incredibly disturbing.
They provide software for industrial, not personal, solar to perform more efficiently. If solar tariffs vanish, this will not be hurt.
Managing solar panels to maximize sun's benefit. Huge order backlog. Really strong quarter. Stock's been all over the map, which often happens in a company's first year; don't read too much into that. With global warming, in right space at right time.
Would hold. Continues to believe.
We would attribute a lot of the weakness simply to investor boredom and digesting recent gains. In the short-term, NXT can trade in sympathy to interest rate expectations, with rates impacting feasibility of solar projects, so there might be some sentiment around rates weighing on shares. Overall though, the fundamentals remain strong as does the growth and tax credits/infrastructure spending over the next two years should act as a support for demand of their products.
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The global provider of solar panel monitoring technology has over $2 billion in order backlogs. It trades at 28x earnings and supports a 43% ROE. We like that cash reserves are growing, while shares are aggressively bought back and debt is reduced. We recommend setting a stop-loss at $44, looking to achieve $65 -- upside potential of 22%. Yield 0%
(Analysts’ price target is $64.88)Is the #1 global supplier of solar trackers. It will do great if interest rates decline and the solar complex rebounds. They just reported a terrific quarter and hikes their full-year earnings forecast. Shares soared after the report, but is still worth owning.
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.
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Nextracker(NXT-Q) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 6
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 9
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, 9 stock analysts published opinions about NXT-Q. 6 analysts recommended to BUY the stock. 1 analyst 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 recommended as a Top Pick by on . 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 $.
Sure, Trump won't support green energy, but the company is 100% American and didn't deserve to sell off today. The US needs a lot more energy, and half of the new power added to the grid is solar.