Nextracker Inc. (NASDAQ:NXT) Faces Class Action Lawsuit Over Securities Fraud Allegations

  • Nextracker Inc. is accused of misleading shareholders about project delays and their impact on financial results.
  • The lawsuit seeks to recover losses for shareholders for the period between February 1, 2024, and August 1, 2024.
  • Despite legal challenges, Nextracker's financial metrics like the price-to-earnings (P/E) ratio of 12.85 and a debt-to-equity ratio of 0.0046 suggest a stable financial foundation.

Nextracker Inc. (NASDAQ:NXT) is currently facing a class action lawsuit alleging securities fraud. The lawsuit claims that Nextracker misled shareholders about the impact of project delays on its business and financial results. These delays reportedly hindered the company's ability to convert backlog into revenue, a critical aspect of its operations. The lawsuit also suggests that Nextracker's claimed competitive advantages were overstated.

The lawsuit, managed by Levi & Korsinsky LLP, aims to recover losses for shareholders affected between February 1, 2024, and August 1, 2024. Levi & Korsinsky is known for its success in securities litigation, having secured substantial recoveries for shareholders in similar cases. Shareholders are encouraged to contact the firm for more information on participating in the lawsuit.

Despite these legal challenges, Nextracker's financial metrics provide some insights into its market position. The company has a price-to-earnings (P/E) ratio of 12.85, indicating the price investors are willing to pay for each dollar of earnings. Its price-to-sales ratio is 2.58, suggesting the market values the company at 2.58 times its annual sales. These figures reflect investor sentiment and market valuation.

Nextracker's financial health is further highlighted by its low debt-to-equity ratio of 0.0046, indicating minimal reliance on debt. The company also maintains a strong liquidity position with a current ratio of 2.20, suggesting it has more than twice the current assets needed to cover its current liabilities. These metrics suggest a stable financial foundation despite the ongoing legal issues.

On January 29, 2025, Bennett David P, Nextracker's Chief Accounting Officer, sold 9,801 shares of Common Stock at $49.90 per share. This transaction, reported on Form 4, leaves him with 124,577 shares. Such insider transactions can provide insights into management's confidence in the company's future amidst the legal proceedings.

Symbol Price %chg
WAAREEENER.NS 3276.2 0
322000.KS 57600 0
PREMIERENE.NS 1029.8 0
JSKY.JK 52 0
NXT Ratings Summary
NXT Quant Ranking
Related Analysis

Nextracker Inc. (NASDAQ:NXT) Faces Challenges Amid Positive Market Outlook

  • Nextracker Inc. (NASDAQ:NXT) has seen a positive trend in its consensus price target over the past year, indicating strong analyst confidence in its market position and growth prospects.
  • The company is under investigation for allegedly misleading investors, which may impact investor confidence and its ability to maintain revenue growth.
  • Nextracker is set to release its second quarter fiscal 2026 financial results, with Wall Street anticipating growth in earnings despite concerns.

Nextracker Inc. (NASDAQ:NXT) is a leader in solar tracker solutions, providing advanced technology for photovoltaic (PV) projects. The company is known for its innovative products like TrueCapture and NX Navigator, which enhance solar energy efficiency. As a subsidiary of Flex Ltd., Nextracker benefits from the support of a strong parent company, which may contribute to its positive market outlook.

Over the past year, the consensus price target for Nextracker's stock has shown a positive trend. Last month, the average price target was $92.75, reflecting strong analyst confidence. This is an increase from the last quarter's target of $86.55 and a significant rise from last year's $78.33. This upward trend suggests growing optimism about Nextracker's market position and growth prospects.

Despite this positive trend, Nextracker faces challenges. The company is under investigation by Bragar Eagel & Squire, P.C. for allegedly misleading investors about project delays and backlog conversion issues. These concerns may impact investor confidence and the company's ability to maintain its revenue growth. Analyst Ameet Thakkar from BMO Capital has set a lower price target of $69, indicating some skepticism about the company's near-term performance.

Nextracker is set to release its second quarter fiscal 2026 financial results on October 23, 2025. Wall Street anticipates growth in earnings, but there are concerns that Nextracker may not meet expectations. The company will host a conference call to discuss these results, providing investors with insights into its financial health and future prospects.

Nextracker (NASDAQ:NXT) Targets Growth Amid Solar Sector Competition

  • Nextracker (NASDAQ:NXT) receives a bullish price target from Susquehanna, suggesting a 20.77% potential increase.
  • The company's Capital Markets Day on November 12, 2025, is anticipated to shed light on its investment-led growth strategy.
  • NXT's current trading price reflects market volatility, with a year-high of $86.39 and a significant market capitalization of $12.25 billion.

Nextracker (NASDAQ:NXT) is a leading provider of solar technology platforms. The company is known for its innovative solutions that enhance the efficiency and performance of solar energy systems. Nextracker operates in a competitive market, with other key players in the solar technology sector. The company is focused on expanding its market presence and driving growth through strategic investments.

On October 13, 2025, Susquehanna set a price target of $100 for NXT, suggesting a potential price increase of approximately 20.77% from its current price of $82.8. This target reflects confidence in Nextracker's growth prospects and market position. The company's upcoming Capital Markets Day on November 12, 2025, will provide further insights into its investment-led growth strategy and long-term financial plans.

Currently, NXT is trading at $82.80 on the NASDAQ, showing a decrease of $1.05 or approximately -1.25%. The stock has experienced fluctuations, with a trading range today between $81.31 and $86.39. Notably, $86.39 is the highest price NXT has reached over the past year, while the lowest was $30.93. This volatility highlights the dynamic nature of the stock market and investor sentiment.

Nextracker's market capitalization is approximately $12.25 billion, indicating its significant presence in the solar technology industry. The trading volume for NXT is 2,726,958 shares, reflecting active investor interest. As the company prepares for its Capital Markets Day, investors will be keen to learn more about its strategic initiatives and financial outlook.

Nextracker Inc (NASDAQ:NXT) Price Target and Market Performance

Nextracker Inc (NASDAQ:NXT) is a leading name in the solar energy sector, known for its innovative solar tracking systems that boost solar panel efficiency. Recently, Maheep Mandloi from Mizuho Securities has set a price target of $66 for NXT, suggesting a potential upside from its current price of $64.90.

Here's a closer look at NXT's market performance and the insights from the recent price target update:

- Price Target Insight: Maheep Mandloi's price target of $66 indicates a modest potential increase of 1.69%.

- Current Market Performance: NXT is currently priced at $64.90, with a slight decrease of 0.78%. The stock has seen a yearly high of $67.87 and a low of $30.93, reflecting the volatility typical in the renewable energy sector.

- Market Capitalization and Trading Volume: Nextracker's market capitalization is approximately $9.59 billion, with a trading volume of 2,913,401 shares, highlighting significant investor interest.

Nextracker Inc (NASDAQ:NXT) stands out in the solar energy sector with its specialized solar tracking systems that enhance the efficiency of solar panels. On July 30, 2025, Maheep Mandloi from Mizuho Securities set a price target of $66 for NXT. At that time, the stock was priced at $64.90, indicating a modest potential increase of 1.69%. The current price of NXT is $64.90, reflecting a slight decrease of 0.78% or $0.51. Today, the stock has fluctuated between a low of $63.46 and a high of $65.66. Over the past year, NXT has experienced a high of $67.87 and a low of $30.93. This volatility is not uncommon in the renewable energy sector, where market conditions and regulatory changes can impact stock performance. Nextracker's market capitalization stands at approximately $9.59 billion, highlighting its significant presence in the industry. The trading volume for NXT is 2,913,401 shares, indicating active investor interest.

This level of trading activity suggests that investors are closely monitoring the company's performance and potential growth opportunities. While Nextracker focuses on solar energy, NextGen Digital Platforms Inc. is expanding its artificial intelligence strategy through integration with the Bittensor ecosystem. This move aims to enhance NextGen's "Cloud AI Hosting" business and strengthen its position in high-performance computing. Both companies are making strategic moves to bolster their market positions in their respective industries.

Nextracker Inc. (NASDAQ:NXT) Maintains Strong Market Position Amidst Competitive Solar Industry

  • Nextracker Inc. (NASDAQ:NXT) reported Q1 2026 earnings of $1.16 per share, surpassing the Zacks Consensus Estimate of $1.04, marking an earnings surprise of +11.54%.
  • The company generated $864.25 million in revenue for Q1 2026, exceeding the Zacks Consensus Estimate by 1.28% and highlighting its strong market position.
  • Despite a slight decrease in stock price to $64.90, Nextracker's consistent financial performance and strategic execution demonstrate its robustness in the competitive solar technology sector.

Nextracker Inc. (NASDAQ:NXT) is a leading solar technology platform provider, specializing in advanced solar tracking solutions that enhance the efficiency and performance of solar power systems. Operating within the competitive Zacks Solar industry, Nextracker has established a strong market position against other solar technology firms focusing on innovative solutions for solar energy systems.

On July 30, 2025, Cowen & Co. maintained its "Hold" rating for Nextracker, with the stock priced at $64.90. This decision followed Nextracker's Q1 2026 earnings call on July 29, 2025, featuring key company leaders and attracting analysts from major financial institutions like Goldman Sachs and Wells Fargo Securities.

Nextracker reported strong financial results for Q1 2026, with earnings of $1.16 per share, surpassing the Zacks Consensus Estimate of $1.04. This represents an earnings surprise of +11.54%. The company has consistently outperformed consensus EPS estimates over the past four quarters, demonstrating its robust financial performance and strategic execution.

In terms of revenue, Nextracker generated $864.25 million for the quarter ending June 2025, exceeding the Zacks Consensus Estimate by 1.28%. This marks a significant increase from the $719.92 million reported in the same period last year. Despite a decrease from the previous quarter's $924 million, the company's revenue growth highlights its strong market position and ability to capitalize on industry opportunities.

Nextracker's stock price, currently at $64.90, reflects a slight decrease of 0.78% from the previous day. The stock has experienced fluctuations, with a 52-week high of $67.87 and a low of $30.93. With a market capitalization of approximately $9.59 billion and a trading volume of 2,913,401 shares, Nextracker remains a significant player in the solar technology sector.

Nextracker Inc. (NASDAQ:NXT) Analyst Expectations and Earnings Growth Insight

  • The consensus price target for Nextracker Inc. (NASDAQ:NXT) has decreased from $56.67 to $49 over the last year, indicating a shift in analyst expectations.
  • Despite the overall decrease, analyst Ameet Thakkar from BMO Capital sets a higher price target of $69, showing confidence in Nextracker's future performance.
  • Nextracker is anticipated to release its financial results for the fourth quarter of fiscal year 2025 on May 14, 2025, with potential to surpass quarterly earnings estimates.

Nextracker Inc. (NASDAQ:NXT) is a leading provider of solar tracker solutions for photovoltaic (PV) projects. The company plays a crucial role in the solar energy sector by offering innovative tracking systems that enhance the efficiency of solar panels. Over the past year, there has been a shift in the consensus price target for Nextracker's stock, reflecting changing analyst expectations.

Last year, the average price target for Nextracker was $56.67. However, over the last quarter and month, this target has decreased to $49. This decline in the consensus price target suggests that analysts have adjusted their expectations, possibly due to market conditions or changes within the solar energy sector. Despite this, analyst Ameet Thakkar from BMO Capital has set a higher price target of $69, indicating confidence in the company's future performance.

Nextracker is expected to experience earnings growth, although it may not have the ideal combination of factors necessary for an earnings beat in its upcoming report. The company is set to release its financial results for the fourth quarter of fiscal year 2025 on May 14, 2025, after the market closes. Investors can access a live webcast of the conference call discussing these results on the company's investor relations website.

The potential for Nextracker to surpass quarterly earnings estimates is highlighted by the Zacks Earnings ESP tool, which investors are encouraged to use. This tool helps identify stocks likely to outperform, and with Ameet Thakkar's price target of $69, there is a suggestion of confidence in Nextracker's future performance. Investors should consider these factors alongside changes in analyst sentiment when evaluating Nextracker's stock.

Nextracker Inc. (NASDAQ:NXT) Analyst Expectations and Earnings Growth Insight

  • The consensus price target for Nextracker Inc. (NASDAQ:NXT) has decreased from $56.67 to $49 over the last year, indicating a shift in analyst expectations.
  • Despite the overall decrease, analyst Ameet Thakkar from BMO Capital sets a higher price target of $69, showing confidence in Nextracker's future performance.
  • Nextracker is anticipated to release its financial results for the fourth quarter of fiscal year 2025 on May 14, 2025, with potential to surpass quarterly earnings estimates.

Nextracker Inc. (NASDAQ:NXT) is a leading provider of solar tracker solutions for photovoltaic (PV) projects. The company plays a crucial role in the solar energy sector by offering innovative tracking systems that enhance the efficiency of solar panels. Over the past year, there has been a shift in the consensus price target for Nextracker's stock, reflecting changing analyst expectations.

Last year, the average price target for Nextracker was $56.67. However, over the last quarter and month, this target has decreased to $49. This decline in the consensus price target suggests that analysts have adjusted their expectations, possibly due to market conditions or changes within the solar energy sector. Despite this, analyst Ameet Thakkar from BMO Capital has set a higher price target of $69, indicating confidence in the company's future performance.

Nextracker is expected to experience earnings growth, although it may not have the ideal combination of factors necessary for an earnings beat in its upcoming report. The company is set to release its financial results for the fourth quarter of fiscal year 2025 on May 14, 2025, after the market closes. Investors can access a live webcast of the conference call discussing these results on the company's investor relations website.

The potential for Nextracker to surpass quarterly earnings estimates is highlighted by the Zacks Earnings ESP tool, which investors are encouraged to use. This tool helps identify stocks likely to outperform, and with Ameet Thakkar's price target of $69, there is a suggestion of confidence in Nextracker's future performance. Investors should consider these factors alongside changes in analyst sentiment when evaluating Nextracker's stock.