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FREMONT, CA—Bruce Ledesma, Chief Legal and Compliance Officer at Nextracker Inc. (NASDAQ:NXT), has sold 27,453 shares of the company’s common stock, according to a recent filing. The sale comes amid a remarkable period for Nextracker, which has seen its stock surge over 27% in the past week and 61% over the last six months. According to InvestingPro analysis, the company maintains excellent financial health with a strong current ratio of 2.09. The transaction, which took place on May 16, 2025, was executed at a price of $60.17 per share, amounting to a total value of approximately $1.65 million. Following the sale, Ledesma retains ownership of 120,972.5 shares. The sale was conducted under a pre-established 10b5-1 trading plan that Ledesma adopted on September 10, 2024. InvestingPro data shows the stock is currently trading near its 52-week high of $63.19, with technical indicators suggesting overbought conditions. For deeper insights into insider trading patterns and 13 additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Nextracker Inc. reported impressive financial results for Q4 2025, exceeding market expectations with an earnings per share (EPS) of $1.29, compared to the forecast of $0.73, and revenue of $924 million, surpassing the anticipated $766.4 million. The company also announced its fiscal year 2026 revenue guidance, projecting between $3.2 billion and $3.4 billion, with adjusted EBITDA expected to range from $700 million to $775 million. Barclays (LON:BARC), Jefferies, and JPMorgan analysts responded positively to these developments, raising their price targets for Nextracker to $64, $63, and $65, respectively, while maintaining favorable ratings on the stock. Nextracker’s acquisition of Bentek, a company specializing in electrical Balance of Systems (eBOS) solutions, for $78 million is part of its strategic expansion, although it is not expected to significantly impact fiscal year 2026 revenue. The company anticipates that non-tracker revenue could grow to represent one-third of its total revenue by 2030. Analysts from Jefferies and Barclays have acknowledged Nextracker’s robust bookings, with a backlog exceeding $4.5 billion, which secures its fiscal year 2025 revenue. These recent developments underscore Nextracker’s solid market position and strategic growth initiatives.
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