Nextracker Inc. (NXT) AI Stock Analysis

Nextracker Inc., founded in 2013 and headquartered in Fremont, California, specializes in delivering solar tracker solutions tailored for utility-scale photovoltaic projects globally. The company's product lineup features its flagship NX Horizon solar tracker, the dual-in-portrait NX Gemini, and the all-terrain NX Horizon – XTR, alongside bifacial PV modules. Nextracker also offers software and digital controls, including TrueCapture, an intelligent tracker control system designed to optimize energy yield, and NX Navigator for operational control and risk management. A subsidiary of Flex Ltd., Nextracker operates worldwide with offices in Australia, Brazil, China, India, Mexico, Spain, and the United States.

Nextracker expanded its annual revenue from $1.46B in FY2022 to $3.56B in FY2026, reflecting a 5-year revenue CAGR of 24.4% from FY2021 to FY2026. Annual net income grew from $50.9M in FY2022 to $585.9M in FY2026, with diluted EPS reaching $4.50. Gross margin rose from 10.1% in FY2022 to 32.6% in FY2026, while operating margin expanded from 4.5% to 19.6%. Over the trailing twelve months, revenue totaled $3.63B with an operating margin of 20.9% and a profit margin of 16.4%. In the latest quarter ended June 30, 2026, quarterly revenue grew 8.2% year-over-year, and quarterly earnings grew 2.9% year-over-year.

As of June 30, 2026, Nextracker held $1.21B in cash and short-term investments, with total assets of $4.26B and shareholders' equity of $2.56B. The company reported a current ratio of 2.69. For FY2026, operating cash flow was $556.5M and free cash flow reached $511.6M. Capital expenditures totaled $44.8M, while share buybacks were $395,000 for the fiscal year.

At its last close of $80.04 on October 16, 2026, Nextracker traded at a trailing P/E of 20.7x and a forward P/E of 18.2x, below the median of its US-listed Technology peers of 28.1x and 18.8x, respectively. Its EV to EBITDA stood at 15.7x, below the peer median of 16.6x, while its price-to-sales multiple of 3.4x exceeded the peer median of 2.8x. Over the past year, the stock fell 8.6%, trailing the S&P 500 return of 16.8%, and closed 25.6% below its 200-day average.

Wall Street analysts cover Nextracker with 19 Strong Buy, 7 Buy, and 3 Hold ratings, with no Sell or Strong Sell recommendations. The mean price target is $134.79, which is 68.4% above the last closing price of $80.04. For the current fiscal year ending March 31, 2027, consensus estimates project revenue of $4.33B and EPS of $4.67. Nextracker beat EPS estimates in each of the last 4 quarters, and its next earnings date is October 28, 2026.

This page is an AI-written research summary of Nextracker Inc. (NXT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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