Nextracker Inc.

Equities

NXT

US65290E1010

Renewable Energy Equipment & Services

Market Closed - Nasdaq Other stock markets 21:00:00 09/09/2024 BST			5-day change	1st Jan Change
33.79 ^USD	-2.34%		-16.92%	-27.88%

09-04	Jefferies Initiates Nextracker at Hold With $46 Price Target	MT
08-02	UBS Adjusts Price Target on Nextracker to $67 From $65, Maintains Buy Rating	MT

Nextracker Inc. Reports Earnings Results for the First Quarter Ended June 28, 2024

August 01, 2024 at 09:10 pm

Nextracker Inc. reported earnings results for the first quarter ended June 28, 2024. For the first quarter, the company reported sales was USD 719.92 million compared to USD 479.54 million a year ago. Net income was USD 121.7 million compared to USD 20.43 million a year ago.

Basic earnings per share from continuing operations was USD 0.86 compared to USD 0.44 a year ago. Diluted earnings per share from continuing operations was USD 0.84 compared to USD 0.43 a year ago.

Latest news about Nextracker Inc.

Jefferies Initiates Nextracker at Hold With $46 Price Target	09-04	MT
UBS Adjusts Price Target on Nextracker to $67 From $65, Maintains Buy Rating	08-02	MT
Nextracker Fiscal Q1 Adjusted Earnings, Revenue Increase; Reaffirms Fiscal 2025 Outlook	08-02	MT
Transcript : Nextracker Inc., Q1 2025 Earnings Call, Aug 01, 2024	08-01
(NXT) NEXTRACKER Sees Fiscal Year 2025 EPS Range $2.89 - $3.09	08-01	MT
Earnings Flash (NXT) NEXTRACKER Posts Q1 Revenue $720M, vs. Street Est of $616.1M	08-01	MT
Earnings Flash (NXT) NEXTRACKER Reports Q1 EPS $0.93, vs. Street Est of $0.65	08-01	MT
Nextracker Inc. Reports Earnings Results for the First Quarter Ended June 28, 2024	08-01	CI
Nextracker Inc. Updates Earnings Guidance for Full Fiscal Year 2025	08-01	CI
Nextracker Inc. acquired Foundations Business of Solar Pile International Usa Llc for approximately $48 million.	07-31	CI
CORRECTION : Truist Adjusts Price Target on Nextracker to $65 From $70, Maintains Buy Rating	07-30	MT
Truist Adjusts Price Target on Nextracker to $65 From $70, Maintains Hold Rating	07-29	MT
BofA Securities Adjusts Price Target on Nextracker to $66 From $64	07-17	MT
Barclays Adjusts Price Target on Nextracker to $61 From $63, Maintains Equalweight Rating	07-16	MT
JPMorgan Adjusts Price Target on Nextracker to $65 From $63, Maintains Overweight Rating	07-16	MT
Nextracker Inc.(NasdaqGS:NXT) added to Russell Small Cap Comp Value Index	06-30	CI
Nextracker Inc.(NasdaqGS:NXT) added to Russell 3000 Value Index	06-30	CI
Nextracker Inc.(NasdaqGS:NXT) added to Russell 2500 Value Index	06-30	CI
Nextracker Inc.(NasdaqGS:NXT) added to Russell 2000 Value Index	06-30	CI
Nextracker Inc.(NasdaqGS:NXT) dropped from Russell 2000 Growth-Defensive Index	06-30	CI
Nextracker Inc.(NasdaqGS:NXT) dropped from Russell 2000 Defensive Index	06-30	CI
Nextracker Inc.(NasdaqGS:NXT) added to Russell 3000E Value Index	06-30	CI
Susquehanna Initiates Nextracker at Positive With $59 Price Target	06-28	MT
Nextracker Inc.(NasdaqGS:NXT) added to S&P 1000	06-23	CI
Nextracker Inc.(NasdaqGS:NXT) added to S&P 400 Industrials	06-23	CI

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Company Profile

Nextracker Inc. is a provider 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 sunâs movement across the sky and optimize plant performance. Its products include NX Horizon, NX Gemini, TrueCapture, and NX Navigator. Its solutions include Bifacial PV modules, Large Format Modules, and First Solar Series 6 (FSLR6) Modules. NX Horizon is a one-in-portrait (1P) smart solar tracker system that delivers the lowest levelized cost of energy (LCOE). NX Gemini is its two-in-portrait (2P) format tracker which holds two rows of solar panels along the central support beam. TrueCapture is its flagship software offering, which is a self-adjusting tracker control system that uses machine learning to enhance solar power plant energy yield. It has operations in the United States, Brazil, Mexico, Spain, India, Australia, the Middle East and Brazil.

Employees

1,050

Sector

Renewable Energy Equipment & Services

Calendar

22/10/2024 - Q2 2025 Earnings Release (Projected)

Related indices

Russell 2000

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