Update shared on29 Jul 2025
Fair value Increased 21%The upward revision in Nextracker's consensus price target reflects stronger revenue growth forecasts and a higher projected future P/E, resulting in a fair value increase from $57.54 to $67.08.
What's in the News
- Nextracker added to Russell 2000 Defensive, Value-Defensive, and Growth-Defensive Indexes.
- NX Horizon solar trackers will power Greece’s largest PV park, the 550 MW Oricheio PPC Ptolemaida project, repurposing a former coal mine and supporting the country’s renewable energy goals.
- Surpassed 10 GW of solar tracker deployments in India; opened an 80,000 sq. ft. office and R&D facility in Hyderabad, integrating a 13-acre Center for Solar Excellence and expanding local manufacturing and workforce.
- Issued 2026 guidance: revenue of $3.2–$3.4 billion, GAAP net income of $445–$503 million, and GAAP diluted EPS of $2.91–$3.29.
Valuation Changes
Summary of Valuation Changes for Nextracker
- The Consensus Analyst Price Target has significantly risen from $57.54 to $67.08.
- The Consensus Revenue Growth forecasts for Nextracker has significantly risen from 10.1% per annum to 12.3% per annum.
- The Future P/E for Nextracker has risen from 19.22x to 21.10x.
Disclaimer
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