Nextracker Inc - Ordinary Shares - Class A

Nextracker Inc - Ordinary Shares - Class A

NXT - Insider Information

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Market Cap$16.16B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Nextracker Inc - Ordinary Shares - Class ANextracker Inc - Ordinary Shares - Class A19.4-24%4.30.1

Earnings Call Q4 2026

May 12, 2026 - AI Summary

Strong FY26 performance + record momentum (good / surprising) - FY26 revenue up ~20% to ~$3.56B; Q4 revenue $881M (-3% sequential) but above expectations. - Record backlog > $5.25B and one of the strongest booking quarters in company history (bookings supported by “flight to quality”). - Operating strength: Q4 Adjusted EBITDA $202M (23% margin); FY26 Adjusted EBITDA $854M (well above plan). - Cash: Adjusted free cash flow $154M in Q4 and $514M FY26; ~$1.1B cash, no debt, and achieved an investment-grade credit rating.
FY27 guidance raised and sets growth expectations (forecast / what matters) - Management increased FY27 targets (from Capital Markets Day ~6 months ago): - Revenue: $3.8B–$4.1B - Adjusted EBITDA: $825M–$900M - Mix: US high-70% / rest-of-world low-20%. - Non-tracker growth >40%; non-tracker revenue targeted to be ~15% of total revenue by FY27. - Q1 expectation: low single-digit sequential revenue growth. - Profitability: gross margins low 30s (but tempered by elevated freight/logistics, especially Middle East disruptions). - OpEx: 10.5%–11.5% of revenue near term due to platform expansion investments. - Cash flow/capex: Capex $75M–$100M; Adj. free cash flow $450M–$500M.
Platform traction: “everything but the panel” expanding beyond trackers (opportunity / positive) - Clear evidence of adoption: customers increasingly buying bundled/integrated solutions (trackers + foundations/frames + eBOS, etc.). - Key commercial highlights: - Tracker Plus Foundation ramp: multi-gigawatt deployments; annualized bookings run rate > $100M. - eBOS acceleration (following Bentek acquisition): record bookings in Q4, >40% YoY bookings growth for the business. - NX PowerMerge eBOS (initial PO indications for trunk bus + combiner box eBOS), enabling broader utility-scale coverage. - Product durability proof points: exceeded 50 GW cumulative for terrain-following tracker (XTR) and 30+ GW for Hail Pro; Hail Pro logged 4.61K hailstorms, 57 events up to 3-inch hail, with 99.99% module survival. - Pricing dynamic: modest ASP gain YoY driven by higher non-tracker attach rate; tracker pricing continues aligning with cost-reduction curve (healthy demand backdrop).

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$135.70

Target Price by Analysts

27.2% upsideNextracker Target Price DetailsTarget Price
$131.02

Current Fair Value

22.8% upside

Undervalued by 22.8% based on the discounted cash flow analysis.

Insider Trades

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Congress Trades

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Share Statistics

Market cap$16.16 Billion
Enterprise Value$15.27 Billion
Earnings per Share$3.96
Beta1.94
Outstanding Shares151,496,000

Return

Return on Equity23.96%ROE
Return on Assets14.37%
Return on Invested Capital23.62%

Valuation & Multiples

P/E Ratio19.44P/E Ratio
PEG153.59PEG
Price to Sales4.27Price to Sales
Price to Book Ratio6.67Price to Book Ratio
Enterprise Value to Revenue3.98
Enterprise Value to EBIT20.61
Enterprise Value to Net Income24
Total Debt to Enterprise0.02
Debt to Equity0.13Debt to Equity

Revenue Sources

No data

Last Earnings Call

Report Date
October 28, 2026
EPS Estimate
$1.10
Consensus analyst estimate
Revenue Estimate
$1.06 B
Consensus analyst estimate

Next Earnings Call

Expected Date
January 26, 2027
EPS Estimate
$1.01
Consensus analyst estimate
Revenue Estimate
$1.06 B
Consensus analyst estimate

Institutional Put/Call Ratio

Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.

Put/Call Ratio0.0000▼ 135.12%
Total Calls-▼ 100.00%
Total Puts300▼ 99.99%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %4.93%▼ 101.08%
Total Invested$580.61M▼ 96.90%
Investors Holding202▼ 567.00%

About Nextracker Inc

Nextracker Insider Information FAQ

Stockcircle tracks 10 top investors with a current 13F position in Nextracker. Notable holders include Bridgewater Associates. Holdings come from the latest quarterly 13F filings filed with the SEC.

In the latest 13F quarter on Stockcircle, 5 top investors increased or opened positions and 7 top investors reduced or sold among tracked top investors. Changes are based on reported share counts in their quarterly filings, not day-to-day trading.

Stockcircle shows 15 open-market insider sales for Nextracker in the last six months from SEC Form 4 reports by executives, directors, and other insiders.

Form 4 insider trades are added as new filings are imported. Top investor 13F holdings refresh after each quarterly filing cycle. Politician trade disclosures are added when new reports are published on Stockcircle.