May. 14 at 12:44 AM
$NXTP Heads up alert! Only one day until Upcoming earnings on Wednesday, 5/14/2025 for
$NXT
Bullish (7.5)
In analyzing the current investment landscape for Nextracker Inc. (NXT), the company appears to be well-positioned within the renewable energy sector, particularly in solar power solutions.
Nextracker's trailing and forward P/E ratios stand at 11.01 and 11.05, respectively, which are competitive compared to industry peers, indicating potential undervaluation relative to its earnings growth prospects.
Analysts anticipate that Nextracker will report robust Q4 results, leveraging increasing solar demand and significant international projects, which is expected to bolster revenue.
Furthermore, the consensus among brokerage firms leans toward a "Buy" recommendation, although some analysts express concerns regarding the sustainability of such bullish sentiment given recent stock fluctuations.
The company's earnings per share (EPS) growth trajectory appears favorable, supported by a healthy backlog of orders and a market environment that favors renewable energy adoption.
As for the upcoming earnings report, Nextracker is slated to release its fiscal Q4 results on May 14, 2025.
Historically, the company has shown a strong performance in prior quarters, often exceeding analyst expectations.
The consensus estimate for the upcoming earnings report suggests an EPS growth rate that aligns with bullish projections from analysts, despite some skepticism regarding the likelihood of a significant earnings beat.
The market is likely to react positively if the company meets or exceeds these expectations, particularly given the growing investor interest and the stock's recent underperformance compared to broader market gains.
The impending earnings call will be critical for investors, as it will provide insights into future guidance, operational efficiency, and strategic initiatives that could further enhance Nextracker’s market standing.
- Funds were net buyers of
$NXT during the previous reporting quarter.
- Top 5 funds with large holdings in
$NXT:
* Sachem Head Cap
$109MM. CGMFundRank: 76%
* Encompass Capital
$56MM. New position. CGMFundRank: 56%
* Westfield Capital Management Company LP
$44MM. CGMFundRank: 60%, Fund Website: www.westfieldcapital.com
* Holocene Advisors LP
$38MM. CGMFundRank: 81%, Fund Website: www.holoceneadvisors.com
* Balyasny Asset Management LLC
$31MM. CGMFundRank: 91%, Fund Website: www.bamfunds.com
- Last 10 days performance: 28%
- Last 30 days performance: 38%
- Last 90 days performance: 19%
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