Cantor Fitzgerald Predicts Nextracker FY2026 Earnings

Nextracker Inc. (NASDAQ:NXT) – Investment analysts at Cantor Fitzgerald issued their FY2026 earnings per share (EPS) estimates for shares of Nextracker in a report issued on Monday, June 9th. Cantor Fitzgerald analyst D. Soderberg expects that the company will post earnings per share of $3.26 for the year. The consensus estimate for Nextracker’s current full-year earnings is $3.29 per share.

Other analysts have also issued reports about the company. Susquehanna lifted their price target on Nextracker from $54.00 to $66.00 and gave the company a “positive” rating in a research note on Thursday, May 15th. Guggenheim cut Nextracker from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 14th. Royal Bank of Canada initiated coverage on Nextracker in a research note on Monday, March 17th. They issued an “outperform” rating and a $55.00 target price on the stock. Roth Capital restated a “buy” rating and issued a $70.00 target price (up from $55.00) on shares of Nextracker in a research note on Thursday, May 15th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Nextracker in a report on Thursday, May 15th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.33.

Nextracker Stock Performance

NXT opened at $59.42 on Wednesday. The business’s fifty day moving average is $48.78 and its 200-day moving average is $44.44. The firm has a market cap of $8.69 billion, a P/E ratio of 15.12 and a beta of 2.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.96 and a current ratio of 2.20. Nextracker has a 52-week low of $30.93 and a 52-week high of $63.19.

Hedge Funds Weigh In On Nextracker

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in Nextracker by 703.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 659 shares of the company’s stock valued at $28,000 after buying an additional 577 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Nextracker by 52.4% in the 4th quarter. Allworth Financial LP now owns 803 shares of the company’s stock valued at $29,000 after acquiring an additional 276 shares during the period. Summit Securities Group LLC grew its stake in Nextracker by 796.0% during the 1st quarter. Summit Securities Group LLC now owns 905 shares of the company’s stock worth $38,000 after buying an additional 804 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Nextracker during the 1st quarter worth $40,000. Finally, Fifth Third Bancorp lifted its position in Nextracker by 27.5% during the 1st quarter. Fifth Third Bancorp now owns 1,204 shares of the company’s stock worth $51,000 after acquiring an additional 260 shares during the period. 67.41% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, President Howard Wenger sold 6,066 shares of Nextracker stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $55.00, for a total transaction of $333,630.00. Following the transaction, the president now directly owns 219,389 shares in the company, valued at approximately $12,066,395. The trade was a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce Ledesma sold 83,561 shares of Nextracker stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $55.71, for a total value of $4,655,183.31. Following the transaction, the insider now owns 195,790 shares in the company, valued at $10,907,460.90. This trade represents a 29.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,898 shares of company stock valued at $7,348,516. Corporate insiders own 0.27% of the company’s stock.

Nextracker Company Profile

Nextracker Inc, an energy solutions company, provides solar tracker and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.