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
$41.181 Year Return
Current Value
$41.181 Year Return
Key Details
Market Cap
$6.26B
P/E Ratio
11.47
1Y Stock Return
-16.38%
1Y Revenue Growth
21.46%
Dividend Yield
0.00%
Price to Book
4.4
Strategies that include NXT
Double maintains 2 strategies that include NXT - Nextracker, Inc.
High risk
$1,000
3.33%
The Top 20% Club
This group of select stocks has achieved top 20% ratings in 1 year Revenue Growth, Free Cash Flow Per Share and 5 Year Return on Invested Capital. This select group of stocks is equally weighted to prevent any mega caps from dominating this Strategy.
Top Sector
Financials
Top Holdings
Bktd. Return
Expense Ratio
0.00%
Holdings
30
Medium risk
$5,000
0.22%
US Mid Cap
This strategy tracks a market-cap-weighted index of mid-cap US companies. This strategy offers targeted exposure to the growth potential of mid-sized businesses within the US market. With a diversified portfolio of holdings, it provides investors with a comprehensive approach to capturing the mid-cap segment's performance.
Top Sector
Industrials
Top Holdings
Bktd. Return
Expense Ratio
0.00%
Holdings
401
Stock's related to NXT
The stocks that are correlated to NXT - Nextracker, Inc. are FSLR, ARRY, RUN, ENPH, CSIQ
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
F FSLRFirst Solar, Inc. | 58.37% | $13.90B | -22.14% | 0.00% |
| 57.69% | $750.95M | -65.69% | 0.00% | |
R RUNSunrun, Inc. | 51.73% | $1.53B | -45.37% | 0.00% |
E ENPHEnphase Energy, Inc. | 47.54% | $8.28B | -47.28% | 0.00% |
C CSIQCanadian Solar, Inc. | 46.81% | $599.54M | -53.37% | 0.00% |
F FLNCFluence Energy, Inc. | 44.97% | $632.04M | -70.47% | 0.00% |
| 44.81% | $989.31M | -75.39% | 0.00% | |
| 42.61% | $544.94M | -69.98% | 0.00% | |
| 39.55% | $957.69M | -23.71% | 0.00% | |
B BLNKBlink Charging Co. | 39.27% | $96.96M | -66.14% | 0.00% |
I ITRIItron, Inc. | 39.23% | $4.89B | +19.89% | 0.00% |
A AESThe AES Corp. | 38.07% | $8.88B | -30.28% | 5.74% |
| 37.36% | $335.62M | -65.43% | 0.00% | |
| 37.24% | $779.41M | -18.37% | 5.24% | |
| 37.23% | $619.88M | +53.77% | 1.18% | |
| 36.93% | $1.32B | -22.59% | 0.00% | |
| 36.82% | $1.19B | -41.94% | 0.00% | |
V VNTVontier Corp. | 36.36% | $5.00B | -23.28% | 0.33% |
| 36.25% | $4.14M | +11.18% | 0.00% | |
M MATXMatson, Inc. | 36.15% | $4.34B | +19.08% | 1.15% |
ETF's related to NXT
The ETFs that are correlated to NXT - Nextracker, Inc. are TAN, CPRJ, ICLN, ACES, RSPA
Name | Correlation | AUM | Expense Ratio |
|---|---|---|---|
| 68.24% | $733.27M | 0.71% | |
| 62.70% | $48.38M | 0.69% | |
| 58.46% | $1.32B | 0.41% | |
| 57.07% | $86.87M | 0.55% | |
| 51.80% | $292.67M | 0% | |
| 50.52% | $399.59M | 0.59% | |
| 49.41% | $187.77M | 0% | |
| 48.80% | $213.72M | 0.65% | |
| 45.73% | $66.65M | 0.75% | |
| 45.08% | $138.98M | 0.67% | |
| 37.04% | $130.89M | 0.6% | |
| 36.92% | $100.03M | 0% | |
| 36.75% | $164.26M | 0.3% | |
| 34.73% | $130.61M | 0.6% | |
| 32.94% | $240.81M | 0.5% | |
| 32.69% | $7.84B | 0.33% | |
| 32.59% | $114.49M | 0.89% | |
| 32.30% | $295.28M | 0.68% | |
| 31.68% | $1.66B | 0.32% | |
| 31.65% | $1.09B | 0.34% | |
News
Yahoo
Based on the average brokerage recommendation (ABR), Nextracker (NXT) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
Yahoo
U.S. solar stocks are poised for growth on the back of rising installation amid China's dominance in solar panel manufacturing. You may buy ENPH, NXT and TYGO.
Yahoo
Nextracker (NXT) closed at $43.15 in the latest trading session, marking a +0.94% move from the prior day.
Yahoo
We recently published a list of 12 Best Affordable Tech Stocks to Buy According to Analysts. In this article, we are going to take a look at where Nextracker Inc. (NASDAQ:NXT) stands against other best affordable tech stocks to buy according to analysts. Stock affordability can be assessed in multiple ways. The most common approach […]
Yahoo
NXT is a solid pick in the solar space, given its growth prospects, robust ROE, better debt management and strong liquidity.
SeekingAlpha
Nextracker's robust financial health, including solid cash flow and low debt, supports long-term sustainability. Read why I rate NXT stock a Buy now.
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.
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