Deutsche Bank has initiated coverage on Nextracker Inc (NXT) with a Buy rating as of September 29, 2025. The current price stands at $86.45. This marks the firm's first assessment of Nextracker, reflecting its analysis of the company's business, industry dynamics, and growth prospects.
Nextracker, headquartered in Fremont, California, specializes in integrated solar tracker and software solutions for utility-scale and ground-mounted solar projects. With a market capitalization of $13.3 billion, the company reported a P/E ratio of 23.09 and an EPS of 3.83 as of November 20, 2025. Nextracker's advanced technology allows solar power plants to optimize performance by following the sun's movement, contributing to increased energy output and reliability.
Upcoming earnings reports are anticipated on July 27, 2026, with an estimated EPS of $1.11 and revenue of $933.2 million, and on May 12, 2026, with an estimated EPS of $0.99 and revenue of $867.2 million.
Analyst consensus indicates a Buy rating, with 6 Strong Buy, 17 Buy, and 9 Hold ratings among 32 analysts as of November 1, 2025. Recent analyst actions include Deutsche Bank's initiation, along with upgrades from Guggenheim and maintained ratings from JP Morgan, Barclays, and UBS over the past 90 days.