Nextracker (NXT) Stock

Recently, Zacks.com users have been paying close attention to Nextracker (NXT). This makes it worthwhile to examine what the stock has in store.

The mean of analysts' price targets for Nextracker (NXT) points to a 42.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

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.

CALGARY, AB / ACCESSWIRE / November 12, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce it has completed the final tranche of a planned private placement of an aggregate principal amount of US$900,000 (approximately CDN$1,252,170) of convertible debentures (the "2024 Debentures") to Ataraxia Capital ("Ataraxia"), in the amount of US$400,000, (approximately CDN$556,520), pursuant to the terms of the subscription agreement signed between Ataraxia and NXT in 2023 (the "2024 Debenture Placement"). The Toronto Stock Exchange (the "TSX") has provided conditional approval of the final phase of this 2023 agreement.

Nextracker boasts strong fundamentals, including high profit margins, double-digit revenue growth, and a solid balance sheet, making it a high-quality investment. The company's differentiated solar tracking products, like NX Horizon, drive market dominance and are suitable for diverse geological conditions, enhancing energy output and reducing costs. Financially, Nextracker shows impressive growth with increased profit margins, strong liquidity, and consistent positive free cash flow, despite increased R&D spending and some debt.

CALGARY, AB / ACCESSWIRE / November 7, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) today announced the Company's financial and operating results for the quarter ended September 30, 2024. All dollar amounts herein are in Canadian Dollars, unless otherwise identified.

The mean of analysts' price targets for Nextracker (NXT) points to a 36.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

CALGARY, AB / ACCESSWIRE / November 1, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce it has received the first tranche of a planned US$900,000 (approximately CDN$1,252,080) convertible debenture (the "Debentures") from Ataraxia Capital ("Ataraxia") for the principal amount of US$500,000, (approximately CDN$,695,600), pursuant to the terms of the subscription agreement signed between Ataraxia and NXT in 2023. The Toronto Stock Exchange (the "TSX") has provided conditional approval of the final phase of this 2023 agreement.

Nextracker (NXT) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.65 per share a year ago.