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Nextracker - NXT Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $58.59
  • Forecasted Upside: 36.32%
  • Number of Analysts: 22
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 19 Buy Ratings
  • 0 Strong Buy Ratings
$42.98 As of 04/25/2024 01:00 AM ET
▼ -0.93 (-2.12%)

This chart shows the closing price for NXT by one month, three months, or twelve months.

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Analyst Price Target for NXT

Analyst Price Target is $58.59
▲ +36.32% Upside Potential
This price target is based on 22 analysts offering 12 month price targets for Nextracker in the last 3 months. The average price target is $58.59, with a high forecast of $71.00 and a low forecast of $43.00. The average price target represents a 36.32% upside from the last price of $42.98.

This chart shows the closing price for NXT for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 22 polled investment analysts is to moderate buy stock in Nextracker. This Moderate Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 19 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
11/2/2022
  • 0 strong buy ratings
  • 19 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
1/31/2023
  • 0 strong buy ratings
  • 19 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
5/1/2023
  • 0 strong buy ratings
  • 19 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
7/30/2023
  • 0 strong buy ratings
  • 19 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
10/28/2023
  • 0 strong buy ratings
  • 19 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
1/26/2024
  • 0 strong buy ratings
  • 19 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
3/26/2024
  • 0 strong buy ratings
  • 19 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
4/25/2024

Latest Recommendations

  • 0 strong buy ratings
  • 19 buy ratings
  • 3 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/23/2024GuggenheimLower TargetBuy ➝ Buy$73.00 ➝ $60.00Low
4/19/2024MizuhoLower TargetBuy ➝ Buy$64.00 ➝ $59.00Low
4/11/2024Piper SandlerLower TargetOverweight ➝ Overweight$66.00 ➝ $64.00Low
4/10/2024Bank of AmericaBoost TargetBuy ➝ Buy$53.00 ➝ $60.00Low
4/2/2024BarclaysDowngradeOverweight ➝ Equal Weight$55.00 ➝ $63.00Low
4/1/2024Daiwa Capital MarketsInitiated CoverageOutperform$63.00Low
3/22/2024BMO Capital MarketsInitiated CoverageMarket Perform$69.00Low
3/21/2024Robert W. BairdInitiated CoverageOutperform$71.00Low
2/29/2024JPMorgan Chase & Co.Lower TargetOverweight ➝ Overweight$73.00 ➝ $67.00Low
2/8/2024GuggenheimInitiated CoverageBuy$73.00Low
2/1/2024Piper SandlerBoost TargetOverweight ➝ Overweight$60.00 ➝ $63.00Low
2/1/2024Cantor FitzgeraldBoost TargetOverweight ➝ Overweight$52.00 ➝ $62.00Low
2/1/2024Roth MkmBoost TargetBuy ➝ Buy$60.00 ➝ $70.00Low
2/1/2024MizuhoBoost TargetBuy ➝ Buy$56.00 ➝ $64.00Low
2/1/2024The Goldman Sachs GroupBoost TargetBuy ➝ Buy$62.00 ➝ $70.00Low
2/1/2024JPMorgan Chase & Co.Boost TargetOverweight ➝ Overweight$61.00 ➝ $73.00Low
2/1/2024Wells Fargo & CompanyBoost TargetOverweight ➝ Overweight$57.00 ➝ $68.00Low
1/31/2024CitigroupBoost TargetNeutral ➝ Neutral$45.00 ➝ $52.00Low
1/23/2024Truist FinancialBoost TargetBuy ➝ Buy$52.00 ➝ $60.00Low
1/22/2024BarclaysBoost TargetOverweight ➝ Overweight$50.00 ➝ $51.00Low
1/16/2024The Goldman Sachs GroupInitiated CoverageBuy$62.00Low
1/8/2024Wells Fargo & CompanyUpgradeEqual Weight ➝ Overweight$45.00 ➝ $57.00Low
1/3/2024MizuhoBoost TargetBuy ➝ Buy$50.00 ➝ $56.00Low
12/19/2023Piper SandlerInitiated CoverageOverweight$60.00Low
10/27/2023Truist FinancialBoost TargetBuy ➝ Buy$50.00 ➝ $52.00Low
10/26/2023Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$52.00Low
10/26/2023Northland SecuritiesUpgradeMarket Perform ➝ Outperform$45.00Low
10/19/2023JPMorgan Chase & Co.Lower TargetOverweight ➝ Overweight$55.00 ➝ $52.00Low
10/16/2023Janney Montgomery ScottInitiated CoverageBuy$43.00Low
10/2/2023UBS GroupInitiated CoverageBuy$50.00Low
9/28/2023BarclaysLower TargetOverweight ➝ Overweight$52.00 ➝ $50.00Low
9/22/2023Wolfe ResearchInitiated CoverageOutperform$52.00Low
9/18/2023Wells Fargo & CompanyInitiated CoverageEqual Weight$44.00Low
7/28/2023BarclaysBoost TargetOverweight$42.00 ➝ $52.00Low
7/27/2023Craig HallumBoost TargetBuy$43.00 ➝ $50.00Low
7/27/2023CitigroupBoost Target$42.00 ➝ $43.00Low
7/27/2023MizuhoBoost Target$45.00 ➝ $50.00Low
7/25/2023Truist FinancialBoost TargetBuy$44.00 ➝ $50.00Low
7/19/2023CitigroupReiterated RatingNeutral$42.00Low
7/19/2023JPMorgan Chase & Co.Boost Target$44.00 ➝ $50.00Low
7/14/2023HSBCInitiated CoverageBuy$46.00Low
6/14/2023MizuhoBoost Target$40.00 ➝ $45.00Low
5/16/2023BNP ParibasUpgradeNeutral ➝ Outperform$45.00Low
5/12/2023Bank of AmericaBoost Target$40.00 ➝ $42.00Low
5/12/2023Northland SecuritiesBoost Target$32.00 ➝ $35.00Low
5/11/2023Cantor FitzgeraldBoost Target$40.00 ➝ $44.00Low
5/11/2023Truist FinancialBoost Target$40.00 ➝ $44.00Low
5/1/2023Northland SecuritiesInitiated CoverageMarket Perform$32.00Low
4/11/2023Johnson RiceInitiated CoverageBuy$39.00Low
3/29/2023Bank of AmericaUpgradeNeutral ➝ Buy$36.00 ➝ $40.00Low
3/22/2023Craig HallumInitiated CoverageBuy$41.00Low
3/6/2023BNP ParibasInitiated CoverageOutperformLow
3/6/2023Roth MkmInitiated CoverageBuy$45.00Low
3/6/2023Roth CapitalReiterated RatingBuy$45.00Low
3/6/2023Bank of AmericaInitiated CoverageNeutral$36.00Low
3/6/2023Truist FinancialInitiated CoverageBuy$40.00Low
3/6/2023ScotiabankInitiated CoverageSector Outperform$38.00Low
3/6/2023Credit Suisse GroupInitiated CoverageOutperform$36.00Low
3/6/2023MizuhoInitiated CoverageBuy$40.00Low
3/6/2023CitigroupInitiated CoverageNeutral$36.00Low
3/6/2023JPMorgan Chase & Co.Initiated CoverageOverweight$42.00Low
3/6/2023KeyCorpInitiated CoverageSector Weight ➝ Sector WeightLow
3/6/2023BarclaysInitiated CoverageOverweight$42.00Low
3/3/2023Cantor FitzgeraldInitiated CoverageOverweight$40.00Low
(Data available from 4/25/2019 forward)

News Sentiment Rating

0.55 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 8 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/28/2023
  • 3 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/28/2023
  • 0 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/27/2023
  • 6 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
12/27/2023
  • 12 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/26/2024
  • 18 very positive mentions
  • 29 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
2/25/2024
  • 13 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/26/2024
  • 11 very positive mentions
  • 12 positive mentions
  • 7 negative mentions
  • 0 very negative mentions
Mentions as of
4/25/2024

Current Sentiment

  • 11 very positive mentions
  • 12 positive mentions
  • 7 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Nextracker logo
Nextracker Inc., an energy solutions company, provides solar tracker and software solutions for utility-scale and ground-mounted distributed generation solar projects worldwide. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; NX Gemini, a two-in-portrait format tracker, which holds two rows of solar panels along the central support beam; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain. It also provides monitoring and control software solutions including TrueCapture, a solar boosting power plant, which boost plant performance by correcting for shading and diffuse light conditions; and NX Navigator, a mitigating extreme weather risk navigator which helps to maintain optimum tracker equipment health and availability. The company was founded in 2013 and is headquartered in Fremont, California.
Read More

Today's Range

Now: $42.98
Low: $42.02
High: $43.68

50 Day Range

MA: $54.39
Low: $42.98
High: $60.54

52 Week Range

Now: $42.98
Low: $29.28
High: $62.14

Volume

2,943,236 shs

Average Volume

4,193,542 shs

Market Capitalization

$5.87 billion

P/E Ratio

22.98

Dividend Yield

N/A

Beta

1.94

Frequently Asked Questions

What sell-side analysts currently cover shares of Nextracker?

The following Wall Street research analysts have issued research reports on Nextracker in the last year: Bank of America Co., Barclays PLC, BMO Capital Markets, BNP Paribas, Cantor Fitzgerald, Citigroup Inc., Craig Hallum, Daiwa Capital Markets, Guggenheim, HSBC Holdings plc, Janney Montgomery Scott, JPMorgan Chase & Co., Mizuho, Northland Securities, Piper Sandler, Robert W. Baird, Roth Mkm, The Goldman Sachs Group, Inc., Truist Financial Co., UBS Group AG, Wells Fargo & Company, and Wolfe Research.
View the latest analyst ratings for NXT.

What is the current price target for Nextracker?

22 Wall Street analysts have set twelve-month price targets for Nextracker in the last year. Their average twelve-month price target is $58.59, suggesting a possible upside of 36.3%. Robert W. Baird has the highest price target set, predicting NXT will reach $71.00 in the next twelve months. Janney Montgomery Scott has the lowest price target set, forecasting a price of $43.00 for Nextracker in the next year.
View the latest price targets for NXT.

What is the current consensus analyst rating for Nextracker?

Nextracker currently has 3 hold ratings and 19 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for NXT.

What other companies compete with Nextracker?

Other companies that are similar to Nextracker include DT Midstream, EnLink Midstream, Kinetik, SM Energy and New Fortress Energy. Learn More about companies similar to Nextracker.

How do I contact Nextracker's investor relations team?

The company's listed phone number is 510-270-2500 and its investor relations email address is [email protected]. The official website for Nextracker is www.nextracker.com. Learn More about contacing Nextracker investor relations.