What's Going On With Nextracker Shares Wednesday?

Nextracker, Inc. NXT stock traded higher on Wednesday after the company reported better-than-expected 2025 fiscal-year third-quarter financial results and raised its guidance.

The Details: The company reported revenue of $679 million, beating an estimate of $650.39 million. In addition, the company reported earnings per share of 79 cents, beating the estimate of 45 cents.

Furthermore, the company reported adjusted EBIDTA of $186 million and adjusted net income of $154 million. For the same period last year, the company reported adjusted EBITDA of $168 million and adjusted net income of $142 million.

Nextracker’s backlog reached a record high of over $4.5 billion, driven by strong demand across key regions and new product offerings. Additionally, the company expanded its manufacturing and supply chain network to over 70 manufacturing partners operating more than 90 facilities.

The company is on incredibly solid financial footing with $418 million of operating cash flow year-to-date, ending the quarter with over $693 million in cash and equivalents,” said Chuck Boynton, CFO of Nextracker. 

Nextracker raised its 2025 fiscal-year guidance for earnings per share from between $2.70 and $2.50 to between $3.31 and $3.11. The company reaffirmed its revenue guidance of between $2.8 billion and $2.9 billion.

Boynton said, “Our strong year-to-date financial performance, coupled with our growth in backlog enables us to raise our FY25 profit outlook.”

Analyst Changes: Following the earnings report, several analysts issued price target adjustments.

• Goldman Sachs analyst Brian Lee maintained a Buy rating on Nextracker and raised the price target from $54 to $61.
• Guggenheim analyst Joseph Osha maintained a Buy rating on Nextracker and raised the price target from $50 to $62.
• Susquehanna analyst Biju Perincheril maintained a Positive rating on Nextracker and raised the price target from $50 to $54.

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NXT Price Action: Nextracker shares closed Wednesday up 9.62% at $49.24, according to data from Benzinga Pro.

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