NXT stock appears undervalued with a low P/E ratio, zero debt, and exceptional profitability. This rare combination of value and strong fundamentals makes it a noteworthy candidate for investors.
Shares of solar tracker company Nextracker (NASDAQ:NXT)
jumped 10.7% in the afternoon session after an upgrade from Guggenheim to 'Buy' from 'Neutral,' citing favorable new guidance from the IRS on clean-energy tax credits. The investment bank set a $74 price target on the stock, representing about 22% upside from its prior close. The upgrade was driven by new guidance from the U.S. Treasury and IRS regarding clean-energy tax incentives. Specifically, updated "safe-harbor" rules now clarify that racking installation—a core part of Nextracker's business—qualifies as physical work for tax credit purposes. Analysts at Guggenheim view this as a significant positive development for solar tracker suppliers. The news was well-received by the market, sending Nextracker shares to an all-time high and lifting other solar stocks as the guidance was seen as broadly better than feared.
Nextracker Inc. (NXT) combines strong fundamentals—high profitability, consistent growth, and solid financials—with a bullish technical setup, making it a top pick in renewable energy.
A number of stocks fell in the morning session after an unexpectedly sharp rise in wholesale inflation fueled concerns about rising costs and their impact on corporate profits. The primary catalyst was the July 2025 Producer Price Index (PPI), a measure of inflation at the wholesale level, which jumped 0.9% against forecasts of a 0.2% rise. This represents the most significant monthly increase in over three years, pointing to mounting cost pressures for manufacturers, with tariffs cited as a key factor. This data complicates the Federal Reserve's upcoming interest rate decisions, as persistent inflation may prevent rate cuts, creating a headwind for cyclical sectors like Industrials.
Shares of solar tracker company Nextracker (NASDAQ:NXT)
jumped 3.6% in the morning session after it was selected by one of Brazil's largest renewable energy companies, Casa dos Ventos, to supply 1.5 gigawatts (GW) of its solar tracker systems for a portfolio of four new projects. The deal involves supplying Nextracker's NX Horizon-XTR all-terrain and NX Horizon solar tracker systems for a portfolio of four new utility-scale solar and solar-and-wind hybrid projects. The client, Casa dos Ventos, is one of Brazil's largest renewable energy companies, known for its leadership in wind energy. This move into solar is part of a growing trend among Brazilian developers to diversify their renewable portfolios. This significant contract win highlights Nextracker's ability to secure large-scale projects in key international markets, bolstering its position as a leading solar technology provider.
Solar tracker company Nextracker (NASDAQ:NXT) announced better-than-expected revenue in Q2 CY2025, with sales up 20% year on year to $864.3 million. On the other hand, the company’s full-year revenue guidance of $3.33 billion at the midpoint came in 0.7% below analysts’ estimates. Its non-GAAP profit of $1.16 per share was 13.4% above analysts’ consensus estimates.
Shares of solar tracker company Nextracker (NASDAQ:NXT)
fell 9.4% in the morning session after investors appeared to focus on potential headwinds and policy uncertainty, even as the company posted strong earnings and received positive analyst ratings.
Discover NEXTRACKER INC (NXT), an affordable growth stock with strong revenue, earnings growth, and solid profitability in the renewable energy sector. Fairly priced with low P/E ratios and no debt, NXT offers balanced growth potential. Explore more with our stock screener.
Solar tracker company Nextracker (NASDAQ:NXT) announced better-than-expected revenue in Q2 CY2025, with sales up 20% year on year to $864.3 million. On the other hand, the company’s full-year revenue guidance of $3.33 billion at the midpoint came in 0.6% below analysts’ estimates. Its non-GAAP profit of $1.16 per share was 12.6% above analysts’ consensus estimates.
NEXTRACKER INC-CL A (NASDAQ:NXT) offers strong profitability, financial health, and growth at an attractive valuation, making it a potential pick for value investors.
Shares of solar tracker company Nextracker (NASDAQ:NXT)
jumped 3.4% in the afternoon session after an analyst at Susquehanna raised their price target on the company. The investment firm increased its price objective on Nextracker to $76.00 from $66.00, while maintaining a "positive" rating on the stock. This new target suggests a potential upside of over 22% from the stock's current trading price. Nextracker specializes in in providing intelligent solar tracker and software solutions that are used in large-scale solar power projects. These systems allow solar panels to follow the sun's movement, optimizing energy production. The bullish sentiment from Susquehanna comes ahead of the company's first-quarter fiscal 2026 earnings report, which is scheduled for release on July 29, 2025.
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