Throughout the last three months, 19 analysts have evaluated NEXTracker NXT, offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 8 | 3 | 0 | 0 |
| Last 30D | 4 | 5 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 0 | 0 |
| 2M Ago | 1 | 0 | 1 | 0 | 0 |
| 3M Ago | 3 | 2 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $54.74, with a high estimate of $69.00 and a low estimate of $41.00. Witnessing a positive shift, the current average has risen by 0.16% from the previous average price target of $54.65.
Decoding Analyst Ratings: A Detailed Look
In examining recent analyst actions, we gain insights into how financial experts perceive NEXTracker. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ameet Thakkar | BMO Capital | Raises | Market Perform | $50.00 | $48.00 |
| Brian Lee | Goldman Sachs | Raises | Buy | $61.00 | $54.00 |
| Joseph Osha | Guggenheim | Raises | Buy | $62.00 | $50.00 |
| Biju Perincheril | Susquehanna | Raises | Positive | $54.00 | $50.00 |
| Jon Windham | UBS | Raises | Buy | $66.00 | $60.00 |
| Kashy Harrison | Piper Sandler | Raises | Overweight | $50.00 | $47.00 |
| Jordan Levy | Truist Securities | Raises | Buy | $56.00 | $54.00 |
| Mark Strouse | JP Morgan | Raises | Overweight | $61.00 | $58.00 |
| Gus Richard | Northland Capital Markets | Raises | Outperform | $55.00 | $48.00 |
| Christine Cho | Barclays | Raises | Overweight | $60.00 | $47.00 |
| Praneeth Satish | Wells Fargo | Lowers | Overweight | $69.00 | $70.00 |
| Ryan Levine | Citigroup | Lowers | Neutral | $45.00 | $50.00 |
| Jeff Osborne | TD Cowen | Announces | Hold | $41.00 | - |
| Brian Lee | Goldman Sachs | Lowers | Buy | $54.00 | $63.00 |
| Joseph Osha | Guggenheim | Maintains | Buy | $55.00 | $55.00 |
| Kashy Harrison | Piper Sandler | Lowers | Overweight | $47.00 | $60.00 |
| Gus Richard | Northland Capital Markets | Announces | Outperform | $48.00 | - |
| Dimple Gosa | B of A Securities | Lowers | Buy | $52.00 | $65.00 |
| Jordan Levy | Truist Securities | Raises | Buy | $54.00 | $50.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to NEXTracker. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of NEXTracker compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of NEXTracker's stock. This examination reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into NEXTracker's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on NEXTracker analyst ratings.
Discovering NEXTracker: A Closer Look
Nextracker (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextracker's products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. Nextracker has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil.
NEXTracker: A Financial Overview
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: NEXTracker's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 10.85%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: NEXTracker's net margin is impressive, surpassing industry averages. With a net margin of 18.16%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): NEXTracker's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 9.67%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): NEXTracker's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 4.28%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.12, NEXTracker adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Significance of Analyst Ratings Explained
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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