Susquehanna initiated coverage on Nextracker with a new price target
$NXT
Industrial Machinery/Components
Industrials
Susquehanna initiated coverage of Nextracker with a rating of Positive and set a new price target of $59.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/19/2024 | $48.00 | Outperform | Northland Capital |
| 9/4/2024 | $46.00 | Hold | Jefferies |
| 6/28/2024 | $59.00 | Positive | Susquehanna |
| 5/15/2024 | $60.00 | Equal Weight → Overweight | Fox Advisors |
| 4/26/2024 | $60.00 → $44.00 | Outperform → Market Perform | Northland Capital |
| 4/2/2024 | $55.00 → $63.00 | Overweight → Equal Weight | Barclays |
| 4/1/2024 | $63.00 | Outperform | Daiwa Securities |
| 3/22/2024 | $69.00 | Market Perform | BMO Capital Markets |
Reaffirms FY25 Revenue Outlook and Raises FY25 Profit Outlook Nextracker (NASDAQ:NXT), a global market leader of intelligent solar tracker and software solutions, today announced financial results for the second quarter of fiscal year 2025, ended September 27, 2024. Financial Summary (In millions, except per share) Q2 FY25* Q1 FY25* Q2 FY24 Revenue $636 $720 $573 GAAP Gross Profit $225 $237 $149 GAAP Gross Margin 35.4% 33.0% 26.0% GAAP Net Income $117 $125 $81 GAAP Net Income Margin 18.5% 17.3% 14.2% GAAP Diluted EPS $0.79 $0.84 $0.55 Adjusted Gross
First Sustainability Report since becoming a fully independent company in January 2024, highlighting Nextracker's commitment to corporate responsibility and its mission to make clean, affordable renewable energy accessible to all Report features insights from the company's first materiality assessment, guiding the development of a robust Environmental, Social, and Governance (ESG) strategy Nextracker (NASDAQ:NXT) today released its inaugural Sustainability Report for 2024. This report outlines Nextracker's progress in building a comprehensive ESG program and strategy. The report also reflects the Company's commitment to sustainability, highlighting key milestones such as the completion
Nextracker (NASDAQ:NXT) will announce its second quarter fiscal 2025 financial results after the market closes on Wednesday, October 30, 2024. The company will hold a conference call to discuss the results on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Q2 FY2025 Earnings Call October 30, 2024 2:00 p.m. PT / 5:00 p.m. ET Live webcast available on investors.nextracker.com The webcast replay, along with supporting materials, will be available on the Nextracker IR website following the conclusion of the event. About Nextracker Nextracker is a leading provider of intelligent, integrated solar tracker, foundations, and software solutions used in utility-scale and ground-m
Northland Capital resumed coverage of Nextracker with a rating of Outperform and set a new price target of $48.00
Jefferies initiated coverage of Nextracker with a rating of Hold and set a new price target of $46.00
Susquehanna initiated coverage of Nextracker with a rating of Positive and set a new price target of $59.00
S-8 - Nextracker Inc. (0001852131) (Filer)
10-Q - Nextracker Inc. (0001852131) (Filer)
8-K - Nextracker Inc. (0001852131) (Filer)
Nextracker (NASDAQ:NXT) will announce its second quarter fiscal 2025 financial results after the market closes on Wednesday, October 30, 2024. The company will hold a conference call to discuss the results on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Q2 FY2025 Earnings Call October 30, 2024 2:00 p.m. PT / 5:00 p.m. ET Live webcast available on investors.nextracker.com The webcast replay, along with supporting materials, will be available on the Nextracker IR website following the conclusion of the event. About Nextracker Nextracker is a leading provider of intelligent, integrated solar tracker, foundations, and software solutions used in utility-scale and ground-m
Nextracker (NASDAQ:NXT) will announce its first quarter fiscal 2025 financial results after the market closes on Thursday, August 1, 2024. The company will hold a conference call to discuss the results on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Q1 FY2025 Earnings Call August 1, 2024 2:00 p.m. PT / 5:00 p.m. ET Live webcast available on investors.nextracker.com The webcast replay, along with supporting materials, will be available on the Nextracker IR website following the conclusion of the event. About Nextracker Nextracker is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation s
Nextracker (NASDAQ:NXT), a global provider of intelligent solar tracker and software solutions, today announced it has acquired Ojjo in an all-cash transaction for approximately $119 million. The purchase price is subject to working capital and other customary purchase price adjustments. Ojjo is a U.S.-based renewable energy company specializing in foundation technology and services used in utility-scale ground-mount applications for solar power generation. Combining Nextracker's industry-leading smart solar tracker system with Ojjo's foundation technology will enable engineering procurement construction companies (EPCs) and solar power plant developers to benefit from a more complete, inte
SC 13G/A - Nextracker Inc. (0001852131) (Subject)
SC 13G/A - Nextracker Inc. (0001852131) (Subject)
SC 13G/A - Nextracker Inc. (0001852131) (Subject)
4 - Nextracker Inc. (0001852131) (Issuer)
4 - Nextracker Inc. (0001852131) (Issuer)
4 - Nextracker Inc. (0001852131) (Issuer)
B of A Securities analyst Dimple Gosa maintains NEXTracker (NASDAQ:NXT) with a Buy and raises the price target from $64 to $66.
Barclays analyst Christine Cho maintains NEXTracker (NASDAQ:NXT) with a Equal-Weight and lowers the price target from $63 to $61.
JP Morgan analyst Mark Strouse maintains NEXTracker (NASDAQ:NXT) with a Overweight and raises the price target from $63 to $65.
Copeland, a global provider of sustainable climate solutions and leader in the HVAC, Refrigeration (HVACR) and industrial compression industry, has announced that Paul Lundstrom will join the company in August as Chief Financial Officer (CFO). Copeland is a standalone company and a portfolio company of Blackstone, the world's largest alternative asset manager, within its Capital Partners Fund XIII. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724421467/en/Paul Lundstrom, Copeland's new Chief Financial Officer (Photo: Copeland) "Paul is an excellent addition to the executive team of Copeland, as he brings with him extensive
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
Current CFO, David Bennett, to become Chief Accounting Officer Nextracker (NASDAQ:NXT), a global market leader of intelligent solar tracker and software solutions, today announced the appointment of Charles "Chuck" Boynton as Chief Financial Officer (CFO), effective after he completes his tenure with his current employer, which is expected in May 2024. Nextracker's current CFO, David Bennett, will continue to serve in this role until transitioning to Chief Accounting Officer (CAO) once Mr. Boynton joins the company. Mr. Boynton has more than 30 years of finance and accounting experience, as well as significant experience in the solar industry. Mr. Boynton will lead Nextracker's global f