What Happened?
Shares of solar tracker company Nextracker (NASDAQ: NXT) jumped 3.4% in the afternoon session after an analyst at Susquehanna raised their price target on the company. The investment firm increased its price objective on Nextracker to $76.00 from $66.00, while maintaining a "positive" rating on the stock. This new target suggests a potential upside of over 22% from the stock's current trading price. Nextracker specializes in in providing intelligent solar tracker and software solutions that are used in large-scale solar power projects. These systems allow solar panels to follow the sun's movement, optimizing energy production. The bullish sentiment from Susquehanna comes ahead of the company's first-quarter fiscal 2026 earnings report, which is scheduled for release on July 29, 2025.
After the initial pop the shares cooled down to $61.89, up 2.3% from previous close.
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What Is The Market Telling Us
Nextracker’s shares are extremely volatile and have had 33 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 6 months ago when the stock gained 26% on the news that the company reported a solid "beat-and-raise" quarter. Fourth quarter results blew past analysts' revenue, EPS, and EBITDA expectations.
Looking ahead, the company raised its full-year EPS and EBITDA guidance. Management pointed to a stronger sales pipeline, with contributions from all regions and new products, a positive sign for future demand. Overall, this was an impressive quarter.
Nextracker is up 56.7% since the beginning of the year, and at $61.89 per share, it is trading close to its 52-week high of $66.45 from July 2025. Investors who bought $1,000 worth of Nextracker’s shares at the IPO in February 2023 would now be looking at an investment worth $2,032.
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