Nextracker Inc. (NASDAQ:NXT) Analyst Expectations and Earnings Growth Insight

• The consensus price target for Nextracker Inc. (NASDAQ:NXT) has decreased from $56.67 to $49 over the last year, indicating a shift in analyst expectations.
• Despite the overall decrease, analyst Ameet Thakkar from BMO Capital sets a higher price target of $69, showing confidence in Nextracker's future performance.
• Nextracker is anticipated to release its financial results for the fourth quarter of fiscal year 2025 on May 14, 2025, with potential to surpass quarterly earnings estimates.

Nextracker Inc. (NASDAQ:NXT) is a leading provider of solar tracker solutions for photovoltaic (PV) projects. The company plays a crucial role in the solar energy sector by offering innovative tracking systems that enhance the efficiency of solar panels. Over the past year, there has been a shift in the consensus price target for Nextracker's stock, reflecting changing analyst expectations.

Last year, the average price target for Nextracker was $56.67. However, over the last quarter and month, this target has decreased to $49. This decline in the consensus price target suggests that analysts have adjusted their expectations, possibly due to market conditions or changes within the solar energy sector. Despite this, analyst Ameet Thakkar from BMO Capital has set a higher price target of $69, indicating confidence in the company's future performance.

Nextracker is expected to experience earnings growth, although it may not have the ideal combination of factors necessary for an earnings beat in its upcoming report. The company is set to release its financial results for the fourth quarter of fiscal year 2025 on May 14, 2025, after the market closes. Investors can access a live webcast of the conference call discussing these results on the company's investor relations website.

The potential for Nextracker to surpass quarterly earnings estimates is highlighted by the Zacks Earnings ESP tool, which investors are encouraged to use. This tool helps identify stocks likely to outperform, and with Ameet Thakkar's price target of $69, there is a suggestion of confidence in Nextracker's future performance. Investors should consider these factors alongside changes in analyst sentiment when evaluating Nextracker's stock.