Nextracker Inc. (NXT)
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XMEX 
Nextracker (NXT) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Nextracker (NXT) concluded the recent trading session at $55.81, signifying a -0.91% move from its prior day's close.
Nextracker Inc. (NXT) is Attracting Investor Attention: Here is What You Should Know
Nextracker (NXT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Next and Harley Davidson in dispute over ‘copycat' t-shirt
Next PLC (LSE:NXT) has been accused by Harley Davidson of copying the motorbike maker's logo for a children's t-shirt it sold. In a high-court dispute between the two companies, Harley Davidson has demanded Next remove from sale and destroy all its long-sleeve “motorbike-inspired” t-shirts.
NXT Announces Fully Subscribed US$2.0 Million Convertible Debenture
CALGARY, AB / ACCESSWIRE / June 3, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce it has issued convertible debentures (the "Debentures") to MCAPM LP for the principal amount of US$2,000,000, being approximately CDN$2,742,800, pursuant to the terms of a subscription agreement with NXT. The Toronto Stock Exchange (the "TSX") has provided conditional approval of the private placement.
Solar Leader Nears Buy Point With Strong Sales Growth
Solar stock Nextracker is nearing a buy point after rallying 20% year to date. Nextracker provides tracking software and products for solar projects.
Why the Market Dipped But Nextracker (NXT) Gained Today
Nextracker (NXT) closed the most recent trading day at $56.65, moving +0.6% from the previous trading session.
Nextracker Inc. (NXT) Is a Trending Stock: Facts to Know Before Betting on It
Zacks.com users have recently been watching Nextracker (NXT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Panagora Asset Management Inc. Sells 36,135 Shares of Nextracker Inc. (NASDAQ:NXT)
Panagora Asset Management Inc. reduced its position in shares of Nextracker Inc. (NASDAQ:NXT – Free Report) by 36.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,764 shares of the company’s stock after selling 36,135 shares during the period. Panagora Asset Management Inc.’s holdings in Nextracker were worth $2,894,000 at the end of the most recent quarter. A number of other large investors also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. lifted its position in shares of Nextracker by 2,652.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 994,981 shares of the company’s stock worth $39,958,000 after buying an additional 958,838 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in Nextracker by 30.1% during the fourth quarter. Handelsbanken Fonder AB now owns 1,927,825 shares of the company’s stock worth $90,319,000 after acquiring an additional 446,034 shares during the period. Victory Capital Management Inc. boosted its position in Nextracker by 31.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,689,656 shares of the company’s stock worth $79,160,000 after purchasing an additional 404,146 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Nextracker in the 3rd quarter valued at $13,023,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Nextracker by 330.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 388,364 shares of the company’s stock valued at $18,195,000 after purchasing an additional 298,088 shares during the period. 67.41% of the stock is owned by institutional investors. Analyst Upgrades and Downgrades A number of equities analysts recently weighed in on NXT shares. Fox Advisors raised shares of Nextracker from an “equal weight” rating to an “overweight” rating and set a $60.00 price target on the stock in a report on Wednesday, May 15th. Bank of America boosted their target price on shares of Nextracker from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Scotiabank decreased their price target on shares of Nextracker from $55.00 to $50.00 and set a “sector outperform” rating for the company in a research note on Monday, April 29th. Piper Sandler dropped their price objective on Nextracker from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Finally, Northland Securities downgraded Nextracker from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $60.00 to $44.00 in a research report on Friday, April 26th. Four research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Nextracker currently has an average rating of “Moderate Buy” and an average price target of $58.52. Get Our Latest Stock Report on NXT Nextracker Stock Performance Nextracker stock opened at $44.20 on Monday. Nextracker Inc. has a fifty-two week low of $32.14 and a fifty-two week high of $62.14. The stock has a market cap of $6.04 billion, a P/E ratio of 13.15 and a beta of 2.42. The firm’s fifty day moving average price is $49.79 and its 200-day moving average price is $47.92. Insider Buying and Selling In other Nextracker news, COO Nicholas Marco Miller sold 8,355 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $52.67, for a total value of $440,057.85. Following the sale, the chief operating officer now owns 11,114 shares of the company’s stock, valued at approximately $585,374.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Leah Schlesinger sold 2,149 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $51.91, for a total value of $111,554.59. Following the transaction, the insider now owns 11,910 shares of the company’s stock, valued at $618,248.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Nicholas Marco Miller sold 8,355 shares of Nextracker stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $52.67, for a total value of $440,057.85. Following the sale, the chief operating officer now directly owns 11,114 shares of the company’s stock, valued at approximately $585,374.38. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders. Nextracker Company Profile (Free Report) Nextracker Inc, an energy solutions company, provides solar tracker and software solutions for utility-scale and ground-mounted distributed generation solar projects worldwide. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; NX Gemini, a two-in-portrait format tracker, which holds two rows of solar panels along the central support beam; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.
Wall Street Analysts See Nextracker (NXT) as a Buy: Should You Invest?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
