Analyzing Nextracker (NXT) & The Competition

Nextracker (NASDAQ:NXTGet Free Report) is one of 20 publicly-traded companies in the “Search & navigation equipment” industry, but how does it contrast to its peers? We will compare Nextracker to similar companies based on the strength of its risk, institutional ownership, dividends, valuation, analyst recommendations, profitability and earnings.

Institutional and Insider Ownership

44.3% of Nextracker shares are held by institutional investors. Comparatively, 48.3% of shares of all “Search & navigation equipment” companies are held by institutional investors. 0.1% of Nextracker shares are held by company insiders. Comparatively, 14.8% of shares of all “Search & navigation equipment” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Profitability

This table compares Nextracker and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Nextracker 4.48% -5.98% 10.11%
Nextracker Competitors -209.13% -20.37% -13.29%

Analyst Ratings

This is a breakdown of current recommendations and price targets for Nextracker and its peers, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Nextracker 0 2 22 0 2.92
Nextracker Competitors 76 620 710 21 2.47

Nextracker presently has a consensus price target of $53.78, suggesting a potential downside of 7.38%. As a group, “Search & navigation equipment” companies have a potential upside of 12.39%. Given Nextracker’s peers higher probable upside, analysts clearly believe Nextracker has less favorable growth aspects than its peers.

Earnings and Valuation

This table compares Nextracker and its peers top-line revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Nextracker $1.90 billion $1.14 million 31.05
Nextracker Competitors $5.48 billion $415.22 million 19.78

Nextracker’s peers have higher revenue and earnings than Nextracker. Nextracker is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

About Nextracker

(Get Free Report)

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.

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