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Nextracker Inc. (NXT)

(Real Time Quote from BATS)

$41.49 USD

41.49
2,747,709

-0.72 (-1.71%)

Updated Aug 27, 2024 09:48 AM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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5-Strong Sell of 5         5

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

C Value A Growth C Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Bottom 40% (151 out of 251)

Industry: Solar

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Zacks News

SolarEdge (SEDG) Installs Newly Certified 330kW Inverter in US

by Zacks Equity Research

SolarEdge (SEDG), with the installation of its 330 kW inverter, is set to provide efficient and reliable solutions to the community solar segment in the United States.

Andrew Rocco headshot

5 Signs of an IPO Resurgence

by Andrew Rocco

After a string of disappointing years, the IPO market is on the mend. The IPO resurgence is a healthy sign for equity market and will provide investors with more early-stage growth opportunities in 2024.

Nextracker and Archer Daniels Midland have been highlighted as Zacks Bull and Bear of the Day

by Zacks Equity Research

Nextracker and Archer Daniels Midland have been highlighted as Zacks Bull and Bear of the Day.

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Bull of the Day: Nextracker (NXT)

by Andrew Rocco

Nextracker stands out as a Zacks Rank #1 (Strong Buy) stock specializing in solar tracking solutions for power plants. While the solar industry faces challenges from higher interest rates, Nextracker defies the trend with its unique technology.

Zacks Investment Ideas feature highlights: Invesco Solar, NextEra, First Solar, Nextracker and Nvidia

by Zacks Equity Research

Invesco Solar, NextEra, First Solar, Nextracker and Nvidia have been highlighted in this Investment Ideas article.

Andrew Rocco headshot

Solar Industry Update: One Solar Company Shines Above the Rest

by Andrew Rocco

Higher interest rates cause challenges to the solar industry due to increased financing costs. Solar stocks have plummeted as a result. However, despite the industry downturn, opportunities exist. Stock Strategist Andrew Rocco explains.

Earnings Estimates Rising for Nextracker (NXT): Will It Gain?

by Zacks Equity Research

Nextracker (NXT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Zacks Industry Outlook Highlights First Solar, Nextracker and SunPower

by Zacks Equity Research

First Solar, Nextracker and SunPower have been highlighted in this Industry Outlook article.

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3 Solar Stocks to Watch Amid Declining Solar Module Pricing

by Aparajita Dutta

Inflation Reduction Act (IRA) benefits and increasing installation activities should benefit U.S. solar industry amid declining module pricing. You may keep FSLR, NXT and SPWR in your watchlist.

Nextracker (NXT) to Report Q3 Earnings: What's in the Cards?

by Zacks Equity Research

Nextracker's (NXT) fiscal third-quarter 2024 results are likely to reflect the benefits of robust product demand amid the impact of higher operating expenses.

Kinder Morgan (KMI) to Report Q4 Earnings: What to Expect?

by Zacks Equity Research

Declining revenues from Kinder Morgan's (KMI) Natural Gas Pipelines and Terminal segments are likely to have affected its Q4 earnings.

First Solar (FSLR) Unveils 3.3 GW Manufacturing Facility in India

by Zacks Equity Research

First Solar (FSLR), with the launch of its manufacturing facility in Tamil Nadu, continues to expand its presence in India's solar market.

Emeren Group (SOL) Buys 10.76 MWh Storage Portfolio in China

by Zacks Equity Research

Emeren Group (SOL), through this acquisition, will further expand its energy storage operation in China.

First Solar (FSLR) Inks Long-Term PPA With Cleantech Solar

by Zacks Equity Research

First Solar's (FSLR) partnership with Cleantech Solar will help expand its presence in India's solar market and thus deliver clean, reliable energy to its customers.

Reasons to Add JinkoSolar (JKS) to Your Portfolio Right Now

by Zacks Equity Research

JinkoSolar (JKS) makes a strong case for investment, given its positive growth estimates, strong financial position and increasing demand.

Aparajita Dutta headshot

3 Renewable Energy Stocks Poised to Beat the Market in 2024

by Aparajita Dutta

The International Energy Agency projects cumulative world renewable capacity to reach more than 4500 gigawatts (GW) at the end of 2024. This should encourage one to buy stocks like CEG, RNW and NXT.

New Strong Buy Stocks for December 19th

by Zacks Equity Research

BECN, SUN, NXT, FPAY and HGTY have been added to the Zacks Rank #1 (Strong Buy) List on December 19, 2023.

Matador Resources and Hilton Grand Vacations have been highlighted as Zacks Bull and Bear of the Day

by Zacks Equity Research

Matador Resources and Hilton Grand Vacations have been highlighted as Zacks Bull and Bear of the Day.

Aparajita Dutta headshot

US Solar Electricity Generation to Beat Hydro: Stocks to Buy

by Aparajita Dutta

The solar capacity increase is projected to reduce generation from fossil fuel-fired power plants in the nation. You may buy JKS, NXT and SHLS.

Wall Street Analysts Believe Nextracker (NXT) Could Rally 28.21%: Here's is How to Trade

by Zacks Equity Research

The average of price targets set by Wall Street analysts indicates a potential upside of 28.2% in Nextracker (NXT). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Aparajita Dutta headshot

3 Solar Stocks to Watch Amid Consistent Supply-Chain Hurdles

by Aparajita Dutta

The growth prospects for the U.S. solar industry remain bleak on account of consistent supply-chain challenges amid solid installation activities and IRA benefits. You may still keep FSLR, NXT and JKS in your watchlist.

Does Nextracker (NXT) Have the Potential to Rally 36.06% as Wall Street Analysts Expect?

by Zacks Equity Research

The average of price targets set by Wall Street analysts indicates a potential upside of 36.1% in Nextracker (NXT). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Enphase Energy (ENPH) to Post Q3 Earnings: What's in Store?

by Zacks Equity Research

Enphase Energy's (ENPH) Q3 results are likely to reflect a slowdown in its U.S. business, thus negatively impacting its top line.

Andrew Rocco headshot

Navigating the IPO Minefield: 3 Hidden Gems

by Andrew Rocco

IPOs are the lifeblood of the stock market but can also present risk. Strategist Andrew Rocco walks you through pitfalls to watch, and 3 IPOs set to outperform over the next 6-12 months.

Plains All American (PAA) Rides on JVs, Debt Reduction Plans

by Zacks Equity Research

Plains All American (PAA) is expected to further benefit from strategic investments, joint ventures and debt reduction initiatives.