Nextracker Inc. (NXT)

We reiterate our Outperform and $65 target on the shares of Nextracker (NXT; $39.62), while raising our F2025/F2026E (Mar) EPS from $3.30/$3.20 to $3.95/$3.60, after the company delivered another healthy “beat and raise” on its…

Nextracker (NXT; $39.62; O/P) reported FQ3 (Dec) adjusted EPS of $1.03, which was handily ahead of our $0.55 and the Street’s $0.58 on sales of $679mm (-4% YoY) that were also comfortably higher than our…

Not surprisingly, the shares of Nextracker (NXT; $40.79; O/P) are trading down 7% today after the U.S. Presidential election raised investor questions around the ongoing availability of various solar industry benefits derived from the Inflation…

We stick with our Outperform on the shares of Nextracker (NXT; $39.82; O/P), even after the stock jumped 25% today on the heels of a robust FQ2 (Sept) “beat and raise”. We note the company…

Nextracker (NXT; $31.97; O/P) reported FQ2 (Sep) adjusted EPS of $0.97, which was far and away ahead of our $0.55 and the Street’s $0.61 on sales of $636mm (+11% YoY) that were higher than our…

We reiterate our Outperform and $65 target on the shares of Nextracker (NXT; $46.83; O/P) after its FQ1 (Jun) print came in substantially ahead of our and Street thinking reflecting still robust demand for its…

Nextracker (NXT; $46.83; O/P) reported FQ1 (Jun) adjusted EPS of $0.93, which was handily ahead of our $0.60 and the Street’s $0.64 on much better-than-expected sales of $720mm (+50% YoY), which compared to our $613mm…

We believe the 24% decline in the shares of Nextracker (NXT; $46.12; O/P) since mid-June presents a major buying opportunity for investors. This should especially prove the case at 14X our C2025E EPS and 9X…

We raise our rating on the shares of Nextracker (NXT; $43.01) from Equal-Weight to Outperform and establish a $60 target after its big FQ4 (Mar) adjusted EBITDA “beat and raise”, which came on further backlog…

Nextracker (NXT; $56.50; E/W) shares surged 25% today after the company produced a third consecutive quarter “beat and raise” since going public, albeit of an especially large magnitude. Specifically, FQ3 (Dec) EPS of $0.96 handily…

We significantly increase our F2024/F2025E (Mar) EPS for Nextracker (NXT; $36.40; E/W), from $1.63 /$1.82 to $2.32/$2.58, after the company delivered a big “beat and raise”. The FQ2 (Sep) print further highlighted NXT’s advantaged position…

We followed up with Nextracker (NXT; $41.89; E/W) after it introduced a suite of next-gen solar tracker hardware, software, and services at the RE+ 2023 conference in Las Vegas. We think these recent announcements highlight…

We think recent news flow out of Nextracker (NXT; $41.14; E/W), as well as yesterday’s CQ2 results from industry peer Array Technologies (ARRY; $22.42; NR), which admittedly came with some “puts and takes”, further highlight…

The shares of Nextracker (NXT; $44.19; E/W) surged 12% today after it posted a big FQ1 (Mar) beat that further highlighted the solar tracker business’ long-term potential, especially as it “re-makes” its supply chain to…

We raise our F2024/F2025E (Mar) EPS for Nextracker (NXT; $35.44; E/W) from $1.20/$1.50 to $1.45/$1.75 after some healthy FQ4 (Mar) upside that came with guidance, which we think goes a long way to supporting its…