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NEXTracker Inc.

NXT | US

121.41

USD

-2.95

-2.37%

NXT | US
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About NEXTracker Inc.

Sector

Technology

Industry

Solar

Earnings date

30/06/2024

As of date

24/04/2026

Close

121.41

Open

125.92

High

125.92

Low

119.63

Nextracker Inc. an energy solutions company provides solar tracker and software solutions for utility-scale and ground-mounted distributed generation solar projects worldwide. The company offers tracking solutions which includes NX Horizon a solar tracking solution; NX Gemini a two-in-portrait format tracker which holds two rows of solar panels along the central support beam; and NX Horizon-XTR a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped uneven and challenging terrain. It also provides monitoring and control software solutions including TrueCapture a solar boosting power plant which boost plant performance by correcting for shading and diffuse light conditions; and NX Navigator a mitigating extreme weather risk navigator which helps to maintain optimum tracker equipment health and availability. The company was founded in 2013 and is headquartered in Fremont California. Nextracker Inc. operates as a subsidiary of Flex Ltd.

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NXT | US

Risk
78.6
Sharpe
3.21
Luna's Score
66/100
Recommendation
Buy

Luna says (NXT | US)

What's Working

Largecap (10B - 200B USD)

Low Debt to Equity (< 0.25)

Low Debt to Asset (< 0.2)

Strong Revenue Growth (> 10%)

Strong Sharpe Ratio (> 1.2)

What's not Working

High Short-term Volatility

High 6-Month Volatility (>65%)

Volatility Signals

Bullish: Stable Volatility (6-month <= 1-month volatility) is positive for the stock performance.

Risk Meter

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10 days

75.5%

1 month

78.6%

3 months

69.4%

6 months

66.4%

Returns

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Fundamental Ratios

PE

8.87

Fwd. PE

11.34

Price to book

4.29

Debt to equity

0.13

Debt to assets

0.06

Ent. to EBITDA

6.45

Ent. to rev.

1.66

PEG

2.31

Other Fundamentals

EBITDA

677.59M

MarketCap

17.88B

MarketCap(USD)

17.88B

Div. yield

-

Op. margin

22.24

Erngs. growth

93.00

Rev. growth

50.10

Ret. on equity

65.81

Short ratio

3.89

Short perc.

10.41

Market Sentiment (SMA and Price signals)

Short-term: Bearish (SMA10D < SMA1M)

Intermediate-term: Bullish (SMA1M > SMA3M)

Long-term: Bullish (SMA6M > SMA12M)

SMAs: Stock Price Trends

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Range10D

25.26

Range1M

27.99

Range3M

34.26

Volumes: Market Activity

Volume Averages

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Rel. volume

0.75

Price X volume

166.47M

Peers

Name
Ticker
Industry
Close
Marketcap
Day Return
PE Ratio
Debt to Equity
 
 
 
 
 
 
 
 
Enlight Renewable Energy Ltd. Ordinary SharesENLTUtilities-Renewable87.5710.37B-0.28%36.070.00%
Clearway Energy Inc. Class CCWENUtilities-Renewable39.587.79B-0.30%35.88364.42%
BEPCBEPCUtilities-Renewable41.217.43B0.66%8.04256.40%
Hayward Holdings Inc.HAYWElectrical Equipment & Parts15.363.30B0.20%38.2277.08%
Sunrun IncRUNSolar12.742.85B-1.70%n/a225.49%
SolarEdge Technologies IncSEDGSolar45.832.63B-3.23%n/a34.62%
Fluence Energy Inc. Class A Common StockFLNCUtilities-Renewable13.382.41B-1.04%n/a14.44%
Kensington Capital Acquisition Corp. IVAMPXElectrical Equipment & Parts20.662.29B-4.92%n/a56.38%
ReNew Energy Global plc Class A Ordinary SharesRNWUtilities-Renewable5.21.89B0.39%202.33644.55%
Eos Energy Enterprises IncEOSEElectrical Equipment & Parts7.671.66B10.68%n/a-104.46%
  • 1

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Shopnet Com IncSPNTInsurance-Reinsurance23.764.06B1.67%7.5524.93%
Prestige Brands Holdings IncPBHMedical Distribution58.942.92B2.03%17.7465.62%
CorVel CorporationCRVLInsurance Brokers57.33982.13M1.00%69.5111.54%
Greenlight Capital Re LtdGLREInsurance-Reinsurance19671.10M0.58%7.199.71%
Crawford & CompanyCRD-AInsurance Brokers10.84535.53M0.74%25.27217.41%
  • 1

Industry Comparison

ParameterCompanyIndustryIndicator
Enterprise to EBITDA6.4542.50Cheaper
Ent. to Revenue1.662.62Cheaper
PE Ratio8.8716.64Cheaper
Price to Book4.292.92Expensive
Dividend Yield-14.73-
Std. Deviation (3M)69.4196.11Lower Risk
Debt to Equity0.130.48Cheaper
Debt to Assets0.060.40Cheaper
Market Cap17.88B1.93BMarket Leader
  • 1

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