Nextracker's analyst price target has been raised from $73.08 to $78.38 per share. Analysts cite improved revenue growth and slightly higher profit margins as supporting factors for an increased valuation.
What's in the News
- Nextracker and T1 Energy Inc. signed a strategic framework agreement to provide patented steel module frame technology for a new 5-GW solar manufacturing facility in Dallas. This partnership will facilitate the use of domestically produced specialty steel frames and reduce reliance on imported aluminum frames (Key Developments).
- Nextracker plans to increase its U.S. steel frame capacity with new manufacturing lines in Texas. This expansion is expected to generate high-quality jobs and broaden its local manufacturing partnerships (Key Developments).
- The company launched the NX PowerMerge trunk connector, a next-generation DC power component designed to streamline installation, improve reliability, and support high-voltage, high-density solar arrays. U.S.-manufactured options will be available starting in spring 2026 (Key Developments).
- Nextracker was selected by Casa dos Ventos to supply 1.5 GW of solar tracker systems for four new utility-scale projects in Brazil. These systems will support hybrid solar-and-wind plants and integrate advanced yield management technology (Key Developments).
- The company raised its earnings guidance for fiscal 2026, now projecting higher revenue and net income ranges compared to previous estimates (Key Developments).
Valuation Changes
- Consensus Analyst Price Target has increased from $73.08 to $78.38 per share, reflecting a moderate rise in fair value expectations.
- The discount rate has inched up slightly from 8.81% to 8.95%.
- The revenue growth projection has risen marginally, from 12.03% to 12.31%.
- The net profit margin forecast has improved slightly, moving from 15.72% to 15.77%.
- The future P/E ratio estimate has increased from 22.09x to 23.54x, indicating a somewhat higher valuation multiple.
Disclaimer
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