(NXT) Nextracker Common Stock - NASDAQ
Sector: Technology | Industry: Solar | Exchange: NASDAQ (USA) | Market Cap: 18.213m USD | Total Return: 100.6% in 12m
Avg Turnover: 324M
EPS Trend: 85.0%
Qual. Beats: 1
Rev. Trend: 98.3%
Qual. Beats: 3
Warnings
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Nextracker Inc. (NXT) specializes in solar tracker technologies and integrated software solutions for utility-scale and distributed generation projects globally. Its product ecosystem includes the NX Horizon series, which features terrain-following capabilities for uneven landscapes and automated stowing features to mitigate hail damage. The company also provides yield management software, such as TrueCapture, and specialized installation equipment to optimize energy production and reduce construction costs for developers and EPC firms.
The solar tracker market is a critical segment of the renewable energy infrastructure sector, as these systems increase energy output by up to 25% compared to fixed-tilt installations by optimizing the angle of PV panels toward the sun. Nextrackers business model relies on a capital-light manufacturing approach, partnering with third-party suppliers to maintain flexibility while focusing internal resources on engineering and software development. For a deeper look at the companys valuation metrics, consider reviewing the latest data on ValueRay.
Headquartered in Fremont, California, the company was founded in 2013 and recently underwent a corporate name change to Nextpower Inc. in late 2025. It continues to serve a diverse client base of solar project owners and operators through its suite of monitoring and control tools designed to protect assets from extreme weather events.
- Global expansion of utility-scale solar projects drives backlog and revenue growth
- Adoption of terrain-following tracker technology increases addressable market in challenging regions
- Domestic manufacturing tax credits under the Inflation Reduction Act bolster profit margins
- Fluctuations in steel prices and logistics costs impact hardware production margins
- High interest rates and grid interconnection delays threaten solar project development timelines
| Net Income: 585.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA -6.82 > 1.0 |
| NWC/Revenue: 47.27% < 20% (prev 38.00%; Δ 9.28% < -1%) |
| CFO/TA 0.14 > 3% & CFO 560.4m > Net Income 585.9m |
| Net Debt (-1.05b) to EBITDA (731.9m): -1.43 < 3 |
| Current Ratio: 2.45 > 1.5 & < 3 |
| Outstanding Shares: last quarter (154.7m) vs 12m ago 3.29% < -2% |
| Gross Margin: 32.39% > 18% (prev 33.94%; Δ -1.55% > 0.5%) |
| Asset Turnover: 97.98% > 50% (prev 92.69%; Δ 5.29% > 0%) |
| Interest Coverage Ratio: 267.4 > 6 (EBIT TTM 701.3m / Interest Expense TTM 2.62m) |
| A: 0.41 (Total Current Assets 2.85b - Total Current Liabilities 1.16b) / Total Assets 4.07b |
| B: -0.48 (Retained Earnings -1.97b / Total Assets 4.07b) |
| C: 0.19 (EBIT TTM 701.3m / Avg Total Assets 3.63b) |
| D: 1.34 (Book Value of Equity 2.33b / Total Liabilities 1.74b) |
| Altman-Z'' = 3.84 = AA |
| DSRI: 0.32 (Receivables 417.0m/1.09b, Revenue 3.56b/2.96b) |
| GMI: 1.05 (GM 33.94% / 32.39%) |
| AQI: 0.96 (AQ_t 0.28 / AQ_t-1 0.29) |
| SGI: 1.20 (Revenue 3.56b / 2.96b) |
| TATA: 0.01 (NI 585.9m - CFO 560.4m) / TA 4.07b) |
| Beneish M = -3.42 (Cap -4..+1) = AA |
As of June 15, 2026, the stock is trading at USD 121.88 with a total of 2,456,514 shares traded.
Over the past week, the price has changed by -7.36%,
over one month by -14.62%,
over three months by +3.21% and
over the past year by +100.63%.
Nextracker Common Stock has received a consensus analysts rating of 4.26. Therefore, it is recommended to buy NXT.
- StrongBuy: 15
- Buy: 6
- Hold: 5
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 150.2 | 23.2% |
P/E Trailing = 31.1667
P/E Forward = 26.3852
P/S = 5.117
P/B = 7.7043
P/EG = 4.3215
Revenue TTM = 3.56b USD
EBIT TTM = 701.3m USD
EBITDA TTM = 731.9m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 44.8m USD (from shortLongTermDebtTotal, two quarters ago)
Net Debt = -1.05b USD (calculated: Debt 44.8m - CCE 1.09b)
Enterprise Value = 17.2b USD (18.2b + Debt 44.8m - CCE 1.09b)
Interest Coverage Ratio = 267.4 (Ebit TTM 701.3m / Interest Expense TTM 2.62m)
EV/FCF = 33.29x (Enterprise Value 17.2b / FCF TTM 515.6m)
FCF Yield = 3.00% (FCF TTM 515.6m / Enterprise Value 17.2b)
FCF Margin = 14.49% (FCF TTM 515.6m / Revenue TTM 3.56b)
Net Margin = 16.46% (Net Income TTM 585.9m / Revenue TTM 3.56b)
Gross Margin = 32.39% ((Revenue TTM 3.56b - Cost of Revenue TTM 2.41b) / Revenue TTM)
Gross Margin QoQ = 33.77% (prev 31.54%)
Tobins Q-Ratio = 4.21 (Enterprise Value 17.2b / Total Assets 4.07b)
Interest Expense / Debt = 5.85% (Interest Expense 2.62m / Debt 44.8m)
Taxrate = 17.92% (127.9m / 713.8m)
NOPAT = 575.6m (EBIT 701.3m * (1 - 17.92%))
Current Ratio = 2.45 (Total Current Assets 2.85b / Total Current Liabilities 1.16b)
Debt / Equity = 0.02 (Debt 44.8m / totalStockholderEquity, last quarter 2.33b)
Debt / EBITDA = -1.43 (Net Debt -1.05b / EBITDA 731.9m)
Debt / FCF = -2.04 (Net Debt -1.05b / FCF TTM 515.6m)
Total Stockholder Equity = 2.07b (last 4 quarters mean from totalStockholderEquity)
RoA = 16.13% (Net Income 585.9m / Total Assets 4.07b)
RoE = 28.31% (Net Income TTM 585.9m / Total Stockholder Equity 2.07b)
RoCE = 24.11% (EBIT 701.3m / Capital Employed (Total Assets 4.07b - Current Liab 1.16b))
RoIC = 21.07% (NOPAT 575.6m / Invested Capital 2.73b)
WACC = 11.55% (E(18.2b)/V(18.3b) * Re(11.57%) + D(44.8m)/V(18.3b) * Rd(5.85%) * (1-Tc(0.18)))
Discount Rate = 11.57% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.67 | Cagr: 2.18%
[DCF] Terminal Value 62.15% ; FCFF base≈558.1m ; Y1≈489.4m ; Y5≈395.4m
[DCF] Fair Price = 34.74 (EV 4.17b - Net Debt -1.05b = Equity 5.22b / Shares 150.3m; r=11.55% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 85.00 | EPS CAGR: 61.82% | SUE: 1.03 | # QB: 1
Revenue Correlation: 98.28 | Revenue CAGR: 24.07% | SUE: 1.44 | # QB: 3
EPS current Quarter (2026-06-30): EPS=1.04 | Chg30d=-5.97% | Revisions=-47% | Analysts=17
EPS next Quarter (2026-09-30): EPS=1.18 | Chg30d=-0.76% | Revisions=-40% | Analysts=12
EPS current Year (2027-03-31): EPS=4.68 | Chg30d=-1.96% | Revisions=-29% | GrowthEPS=+0.0% | GrowthRev=+0.0%
EPS next Year (2028-03-31): EPS=5.84 | Chg30d=N/A | Revisions=-8% | GrowthEPS=+24.7% | GrowthRev=+16.5%
[Analyst] Revisions Ratio: -47%