Analysts have raised Nextracker's fair value price target from $78.38 to $98.65, citing minor adjustments in growth expectations and profitability forecasts.
What's in the News
- Nextracker launched its NX Earth Truss foundation solution in Australia, supported by a grant from the Australian Renewable Energy Agency to accelerate large-scale solar deployment and simplify building on challenging terrain (Key Developments).
- A strategic joint venture called "Nextracker Arabia" has been established with Abunayyan Holding to boost solar manufacturing and adoption across Saudi Arabia and the MENA region. This supports Saudi Vision 2030 (Key Developments).
- The company raised its fiscal year 2026 earnings guidance, projecting revenue between $3.275 and $3.475 billion and GAAP net income between $499 and $529 million (Key Developments).
- Nextracker announced a partnership with T1 Energy to expand domestic steel module frame manufacturing for a 5-GW facility in Texas. This supports U.S. solar infrastructure and supply chain resilience (Key Developments).
- Nextracker will supply 1.5 GW of NX Horizon-XTR and NX Horizon solar trackers for Casa dos Ventos’ four new utility-scale projects in Brazil, advancing hybrid renewable plants and local capacity development (Key Developments).
Valuation Changes
- Consensus Analyst Price Target has increased from $78.38 to $98.65, reflecting a higher estimated fair value.
- Discount Rate has risen marginally from 8.95% to 8.96%.
- Revenue Growth projection has slipped slightly from 12.31% to 11.95%.
- Net Profit Margin is expected to improve from 15.77% to 16.03%.
- Future P/E ratio has risen noticeably from 23.54x to 27.24x, indicating higher anticipated valuation multiples.
Disclaimer
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