NXT: Nextracker, Inc.
About
Nextracker, Inc. engages in the provision of integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects. Its products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. The company was founded by Daniel S. Shugar, Alexander Au, Nicholas Miller, Michael Mehavich, Marco Garcia, and Tyroan Hardy in 2013 and is headquartered in Fremont, CA.
Current Value
$36.561 Year Return
Current Value
$36.561 Year Return
Key Details
Market Cap
$5.23B
P/E Ratio
9.91
1Y Stock Return
-7.21%
1Y Revenue Growth
34.43%
Dividend Yield
0.00%
Price to Book
4.1
Strategies that include NXT
Stock's related to NXT
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| SMC | 0.02% | $383.35M | +97.26% | 0.00% |
| OXBR | -0.04% | $19.05M | +178.18% | 0.00% |
| ZCMD | -0.06% | $2.80M | -88.67% | 0.00% |
| NLOP | 0.10% | $458.04M | +94.60% | 0.00% |
| CMBT | -0.17% | $2.46B | -29.63% | 13.05% |
| DOGZ | -0.17% | $614.77M | +1,372.26% | 0.00% |
| KNOP | 0.17% | $210.40M | +11.75% | 1.68% |
| PPC | 0.19% | $12.38B | +100.96% | 0.00% |
| GRPN | 0.19% | $353.14M | -10.75% | 0.00% |
| RELY | 0.19% | $3.96B | -7.42% | 0.00% |
| FCN | -0.21% | $7.10B | -10.74% | 0.00% |
| TPST | 0.23% | $37.75M | -77.59% | 0.00% |
| AJG | 0.25% | $64.17B | +17.51% | 0.80% |
| HRL | -0.27% | $16.30B | -8.38% | 3.81% |
| SRRK | 0.28% | $2.61B | +134.91% | 0.00% |
| IMNN | 0.30% | $10.02M | -22.89% | 0.00% |
| GL | 0.33% | $9.18B | -8.60% | 0.86% |
| CRVO | 0.33% | $83.20M | +2.86% | 0.00% |
| MMC | -0.36% | $108.41B | +10.89% | 1.37% |
| FENG | -0.38% | $13.37M | +96.77% | 0.00% |
ETF's related to NXT
News
Yahoo
The average brokerage recommendation (ABR) for Nextracker (NXT) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
Yahoo
Over the past six months, Nextracker has fallen to $39.97 per share. Shareholders have lost 13.1% of their capital, which is highly disappointing because the S&P 500 has climbed 11.5%. This may have investors wondering how to approach the situation.
SeekingAlpha
The AI revolution's massive energy demands create additional growth opportunities for clean energy technologies. Click here for a detailed analysis.
SeekingAlpha
Nextracker shows impressive growth with strong margins and liquidity. Read why NXT stock is a buy, backed by strong products and consistent free cash flow.
Yahoo
The mean of analysts' price targets for Nextracker (NXT) points to a 36.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Yahoo
SEDG reports a wider-than-expected third-quarter loss. Revenues decline 64% year over year.
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.