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Nextracker Inc’s stock achieved a significant milestone by reaching an all-time high of 106.03 USD, surpassing its previous 52-week high of 104.41 USD. This record-setting price highlights the company’s robust performance, reflected in its excellent financial health score of 3.78 according to InvestingPro, and growing investor confidence over the past year. Over the last 12 months, Nextracker’s stock has actually seen an even more impressive 155.54% total return, with a staggering 177.09% gain year-to-date. This performance reflects strong market demand for the company’s products, which have driven revenue growth of 20.37%, and successful strategies in the renewable energy sector. The surge in stock price underscores the growing interest in Nextracker’s offerings and its position in the industry, as investors continue to rally behind the company’s promising growth trajectory. With a market capitalization now reaching $15.02 billion and a P/E ratio of 26.27, InvestingPro analysis suggests the stock may be slightly overvalued compared to its Fair Value. Investors seeking deeper insights can access Nextracker’s comprehensive Pro Research Report, one of 1,400+ available reports that transform complex Wall Street data into actionable intelligence.
In other recent news, Nextracker Inc. has reported strong financial results for its fiscal second quarter of 2026, significantly surpassing market expectations. The company posted an earnings per share of $1.19, nearly doubling the forecast of $0.63, and revenue reached $905 million, exceeding projections by 33.24%. Analysts have responded positively to these results, with RBC Capital raising its price target to $93, citing better-than-expected revenue and margins. BMO Capital also adjusted its target to $93, highlighting robust bookings of approximately $1.2 billion, bringing the total backlog to over $5 billion. Wolfe Research set a higher price target of $116, emphasizing Nextracker’s market leadership and the benefits of its independent row tracker design. TD Cowen increased its price target to $88, noting strong quarterly performance and backlog growth. These developments reflect a positive outlook from multiple analysts on Nextracker’s future performance.
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