(NXT) Nextracker Common Stock - Overview

Sector: Technology | Industry: Solar | Exchange: NASDAQ (USA) | Market Cap: 18.103m USD | Total Return: 185.1% in 12m

Solar Trackers, Energy Software, Foundation
Total Rating 68
Safety 63
Buy Signal -0.61
Solar
Industry Rotation: +23.2
Market Cap: 18.1B
Avg Turnover: 211M USD
ATR: 5.85%
Peers RS (IBD): 80.9
Risk 5d forecast
Volatility62.1%
Rel. Tail Risk-15.4%
Reward TTM
Sharpe Ratio1.81
Alpha138.61
Character TTM
Beta1.415
Beta Downside1.628
Drawdowns 3y
Max DD48.61%
CAGR/Max DD1.07
EPS (Earnings per Share) EPS (Earnings per Share) of NXT over the last years for every Quarter: "2021-03": null, "2021-06": null, "2021-09": 0.11, "2021-12": null, "2022-03": null, "2022-06": 0.17, "2022-09": null, "2022-12": 0.09, "2023-03": 0.2, "2023-06": 0.48, "2023-09": 0.65, "2023-12": 0.96, "2024-03": 0.96, "2024-06": 0.93, "2024-09": 0.97, "2024-12": 1.03, "2025-03": 1.29, "2025-06": 1.16, "2025-09": 1.19, "2025-12": 1.1, "2026-03": 0,
EPS CAGR: -18.61%
EPS Trend: 57.2%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of NXT over the last years for every Quarter: 2021-03: 304.828, 2021-06: 341.473, 2021-09: 338.699, 2021-12: 337.607, 2022-03: 439.813, 2022-06: 403.23, 2022-09: 467.142, 2022-12: 513.37, 2023-03: 518.395, 2023-06: 479.543, 2023-09: 573.357, 2023-12: 710.426, 2024-03: 736.515, 2024-06: 719.921, 2024-09: 635.571, 2024-12: 679.363, 2025-03: 924.342, 2025-06: 864.253, 2025-09: 905.268, 2025-12: 909.352, 2026-03: null,
Rev. CAGR: 21.37%
Rev. Trend: 94.5%
Last SUE: 2.75
Qual. Beats: 2

Warnings

Altman Z'' 0.85 < 1.0 - financial distress zone

Choppy

Tailwinds

No distinct edge detected

Description: NXT Nextracker Common Stock

Nextracker Inc. (NXT) provides solar tracker technologies for utility-scale and distributed solar applications globally. Solar trackers enhance energy yield by orienting panels towards the sun, a critical component in photovoltaic power generation.

Their product portfolio includes various tracker solutions like NX Horizon and NX Horizon-XTR, which is designed for challenging terrains. The company also offers energy yield management systems (TrueCapture) and foundation systems (NX Anchor), addressing common solar project development challenges.

Nextracker serves engineering, procurement, and construction firms, as well as solar project developers and owners. This business model positions them as a key supplier within the solar energy sector, which is experiencing rapid expansion due to global decarbonization efforts.

For further detailed analysis on Nextrackers performance and market position, consider exploring ValueRays comprehensive reports.

Headlines to Watch Out For
  • Utility-scale solar project growth fuels tracker demand
  • Raw material costs impact manufacturing profitability
  • Global solar energy policies influence project pipelines
  • Competition intensifies in solar tracker technology market
  • Supply chain disruptions affect product delivery schedules
Piotroski VR‑10 (Strict) 7.0
Net Income: 592.1m TTM > 0 and > 6% of Revenue
FCF/TA: 0.16 > 0.02 and ΔFCF/TA -1.36 > 1.0
NWC/Revenue: 40.93% < 20% (prev 39.33%; Δ 1.60% < -1%)
CFO/TA 0.17 > 3% & CFO 630.8m > Net Income 592.1m
Net Debt (-892.9m) to EBITDA (773.8m): -1.15 < 3
Current Ratio: 2.36 > 1.5 & < 3
Outstanding Shares: last quarter (153.9m) vs 12m ago 3.28% < -2%
Gross Margin: 32.43% > 18% (prev 0.33%; Δ 3.21k% > 0.5%)
Asset Turnover: 106.2% > 50% (prev 92.89%; Δ 13.34% > 0%)
Interest Coverage Ratio: 161.1 > 6 (EBITDA TTM 773.8m / Interest Expense TTM 4.64m)
Altman Z'' 0.85
A: 0.39 (Total Current Assets 2.56b - Total Current Liabilities 1.08b) / Total Assets 3.80b
B: -0.56 (Retained Earnings -2.12b / Total Assets 3.80b)
C: 0.22 (EBIT TTM 747.1m / Avg Total Assets 3.39b)
D: -1.29 (Book Value of Equity -2.12b / Total Liabilities 1.65b)
Altman-Z'' Score: 0.85 = B
Beneish M -2.61
DSRI: 1.25 (Receivables 1.20b/736.9m, Revenue 3.60b/2.77b)
GMI: 1.03 (GM 32.43% / 33.28%)
AQI: 0.96 (AQ_t 0.30 / AQ_t-1 0.32)
SGI: 1.30 (Revenue 3.60b / 2.77b)
TATA: -0.01 (NI 592.1m - CFO 630.8m) / TA 3.80b)
Beneish M-Score: -2.61 (Cap -4..+1) = A
What is the price of NXT shares? As of April 07, 2026, the stock is trading at USD 113.08 with a total of 1,946,100 shares traded.
Over the past week, the price has changed by -3.96%, over one month by +6.54%, over three months by +18.09% and over the past year by +185.12%.
Is NXT a buy, sell or hold? Nextracker Common Stock has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy NXT.
  • StrongBuy: 16
  • Buy: 8
  • Hold: 6
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the NXT price?
Analysts Target Price 124 9.7%
Nextracker Common Stock (NXT) - Fundamental Data Overview as of 03 April 2026
P/E Trailing = 30.7092
P/E Forward = 25.3165
P/S = 5.0242
P/B = 8.3216
P/EG = 3.2058
Revenue TTM = 3.60b USD
EBIT TTM = 747.1m USD
EBITDA TTM = 773.8m USD
 Long Term Debt = unknown (none)
 Short Term Debt = 8.50m USD (from shortTermDebt, last fiscal year)
Debt = 59.7m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -892.9m USD (recalculated: Debt 59.7m - CCE 952.6m)
Enterprise Value = 17.21b USD (18.10b + Debt 59.7m - CCE 952.6m)
Interest Coverage Ratio = 161.1 (Ebit TTM 747.1m / Interest Expense TTM 4.64m)
EV/FCF = 29.21x (Enterprise Value 17.21b / FCF TTM 589.3m)
FCF Yield = 3.42% (FCF TTM 589.3m / Enterprise Value 17.21b)
FCF Margin = 16.35% (FCF TTM 589.3m / Revenue TTM 3.60b)
Net Margin = 16.43% (Net Income TTM 592.1m / Revenue TTM 3.60b)
Gross Margin = 32.43% ((Revenue TTM 3.60b - Cost of Revenue TTM 2.43b) / Revenue TTM)
Gross Margin QoQ = 31.69% (prev 32.35%)
Tobins Q-Ratio = 4.53 (Enterprise Value 17.21b / Total Assets 3.80b)
Interest Expense / Debt = 0.57% (Interest Expense 339k / Debt 59.7m)
Taxrate = 27.29% (49.3m / 180.5m)
NOPAT = 543.2m (EBIT 747.1m * (1 - 27.29%))
Current Ratio = 2.36 (Total Current Assets 2.56b / Total Current Liabilities 1.08b)
Debt / Equity = 0.03 (Debt 59.7m / totalStockholderEquity, last quarter 2.15b)
Debt / EBITDA = -1.15 (Net Debt -892.9m / EBITDA 773.8m)
Debt / FCF = -1.52 (Net Debt -892.9m / FCF TTM 589.3m)
Total Stockholder Equity = 1.89b (last 4 quarters mean from totalStockholderEquity)
RoA = 17.46% (Net Income 592.1m / Total Assets 3.80b)
RoE = 31.28% (Net Income TTM 592.1m / Total Stockholder Equity 1.89b)
RoCE = 27.51% (EBIT 747.1m / Capital Employed (Total Assets 3.80b - Current Liab 1.08b))
RoIC = 28.70% (NOPAT 543.2m / Invested Capital 1.89b)
WACC = 10.93% (E(18.10b)/V(18.16b) * Re(10.96%) + D(59.7m)/V(18.16b) * Rd(0.57%) * (1-Tc(0.27)))
Discount Rate = 10.96% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.21%
[DCF] Terminal Value 72.65% ; FCFF base≈554.9m ; Y1≈684.5m ; Y5≈1.17b
[DCF] Fair Price = 89.80 (EV 12.44b - Net Debt -892.9m = Equity 13.33b / Shares 148.5m; r=10.93% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 57.22 | EPS CAGR: -18.61% | SUE: -4.0 | # QB: 0
Revenue Correlation: 94.52 | Revenue CAGR: 21.37% | SUE: 2.75 | # QB: 2
EPS next Quarter (2026-06-30): EPS=1.12 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=+4 | Analysts=14
EPS next Year (2027-03-31): EPS=4.82 | Chg7d=+0.000 | Chg30d=+0.026 | Revisions Net=+2 | Growth EPS=+10.1% | Growth Revenue=+12.2%
[Analyst] Revisions Ratio: +0.40 (7 Up / 3 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 7.7% (Discount Rate 11.0% - Earnings Yield 3.3%)
[Growth] Growth Spread = +0.4% (Analyst 8.1% - Implied 7.7%)
External Resources
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