Can anything shut down the Gold rally?
David P. Bennett, Chief Accounting Officer at Nextracker Inc (NASDAQ:NXT), sold 29,178 shares of common stock on September 12, 2025, at a price of $67.08, totaling $1.96 million. The transaction comes amid a remarkable year for the $10 billion market cap company, which has seen its stock surge over 82% year-to-date. According to InvestingPro data, the company’s stock is currently trading near its Fair Value, with 11 analysts recently revising their earnings expectations upward.
Following the transaction, Bennett directly owns 164,692 shares of Nextracker Inc. The sale was executed under a 10b5-1 trading plan adopted on June 10, 2025. The company maintains strong financial health with a GREAT overall score, trading at a P/E ratio of 18.5x. Discover more insights and 10+ additional ProTips with an InvestingPro subscription.
In other recent news, Nextracker Inc. reported better-than-expected quarterly results, prompting several analysts to adjust their price targets. Mizuho raised its price target to $66, citing improved guidance for revenue and profitability, while TD Cowen increased its target to $65, highlighting a strong quarter and record backlog. Additionally, UBS maintained its Buy rating and a $75 price target following Nextracker’s $53 million acquisition of Origami Solar, a U.S. manufacturer of steel solar panel frames. This acquisition is part of Nextracker’s strategy to expand its business in robotics and artificial intelligence technologies.
In corporate governance developments, Nextracker held its annual meeting where shareholders elected directors and approved various proposals. Meanwhile, NextGen Digital Platforms appointed Mark Creaser, CEO of DSV Fund, as an advisor, bringing expertise in decentralized AI and Web3 infrastructure to the company. These recent developments indicate strategic growth and leadership strengthening in both companies.
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