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NEXTracker Inc.

NXT | US

114.39

USD

-4.35

-3.66%

NXT | US

About NEXTracker Inc.

Sector

Technology

Industry

Solar

Earnings date

30/06/2024

As of date

20/03/2026

Close

114.39

Open

117.83

High

119.68

Low

112.38

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
60.5
Sharpe
2.51
Luna's Score
61/100
Recommendation
Hold

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

Negative Momentum (Declining Price)

Weakness based on declining price with high volume

Price Below SMA10D

Volatility Signals

Bearish: Increased Volatility (6-month > 1-month volatility)

Risk Meter

10 days

60.0%

1 month

60.5%

3 months

61.2%

6 months

61.4%

Returns

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

16.84B

MarketCap(USD)

16.84B

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: Bullish (SMA10D > SMA1M)

Intermediate-term: Bullish (SMA1M > SMA3M)

Long-term: Bullish (SMA6M > SMA12M)

SMAs: Stock Price Trends

Range10D

24.17

Range1M

31.29

Range3M

45.47

Volumes: Market Activity

Rel. volume

1.73

Price X volume

368.94M

Peers

Name
Ticker
Industry
Close
Marketcap
Day Return
PE Ratio
Debt to Equity
 
 
 
 
 
 
 
 
Enlight Renewable Energy Ltd. Ordinary SharesENLTUtilities-Renewable71.478.47B-6.99%36.070.00%
Clearway Energy Inc. Class CCWENUtilities-Renewable37.447.37B-5.67%35.88364.42%
BEPCBEPCUtilities-Renewable38.586.95B-4.43%8.04256.40%
SolarEdge Technologies IncSEDGSolar51.732.96B13.29%n/a34.62%
Hayward Holdings Inc.HAYWElectrical Equipment & Parts13.642.93B-1.02%38.2277.08%
Sunrun IncRUNSolar12.222.73B-6.57%n/a225.49%
Fluence Energy Inc. Class A Common StockFLNCUtilities-Renewable15.132.73B-5.61%n/a14.44%
Kensington Capital Acquisition Corp. IVAMPXElectrical Equipment & Parts18.22.02B-4.76%n/a56.38%
ReNew Energy Global plc Class A Ordinary SharesRNWUtilities-Renewable5.071.84B-3.24%202.33644.55%
JinkoSolar Holding Co. LtdJKSSolar23.41.15B-1.39%5.85230.79%
  • 1

Diversifiers

Name
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Industry
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Marketcap
Day Return
PE Ratio
Debt to Equity
 
 
 
 
 
 
 
 
RenaissanceRe Holdings LtdRNRInsurance-Reinsurance290.7315.16B-0.33%5.4419.26%
Reinsurance Group of America IncorporatedRGAInsurance-Reinsurance197.9913.04B-1.25%16.8652.05%
Erie Indemnity CompanyERIEInsurance Brokers240.3712.57B-0.23%47.410.35%
Henry Schein IncHSICMedical Distribution72.299.16B-0.54%26.7180.81%
Shopnet Com IncSPNTInsurance-Reinsurance20.383.48B0.64%7.5524.93%
Prestige Brands Holdings IncPBHMedical Distribution60.993.02B1.55%17.7465.62%
CorVel CorporationCRVLInsurance Brokers53.49916.35M-0.30%69.5111.54%
Greenlight Capital Re LtdGLREInsurance-Reinsurance15.99564.78M-1.54%7.199.71%
AHGAHGMedical Distribution2.36562.10M-2.48%n/a1.45%
Crawford & CompanyCRD-BInsurance Brokers10.28501.79M8.78%25.78217.41%
  • 1

Industry Comparison

ParameterCompanyIndustryIndicator
Enterprise to EBITDA6.45-Cheaper
Ent. to Revenue1.66-Cheaper
PE Ratio8.8716.64Cheaper
Price to Book4.292.92Expensive
Dividend Yield---
Std. Deviation (3M)61.24-Lower Risk
Debt to Equity0.130.48Cheaper
Debt to Assets0.060.40Cheaper
Market Cap16.84B-Market Leader
  • 1

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