Nextracker Receives Upgrade to 'Buy' from Guggenheim, Analyst Sets New Price Target at $74.00.

Nextracker (NXT) has been upgraded to 'Buy' by Guggenheim, with a new price target of $74.00. Analyst Joseph Osha has raised the rating from 'Neutral' to 'Buy'. Several other analysts have also adjusted their ratings and price targets for NXT in recent months, indicating a positive outlook on the company's future performance. The average target price for NXT is $70.93, with a high estimate of $97.00 and a low estimate of $37.45, implying an upside of 17.09% from the current price of $60.58.

Nextracker (NXT), a leading solar tracker company, has received a significant boost with Guggenheim Securities upgrading its rating to 'Buy' and setting a new price target of $74.00. The upgrade comes on the heels of a series of positive analyst ratings and price target adjustments, reflecting a bullish outlook on the company's future performance.

The latest move by Guggenheim follows similar upgrades from other analysts, including Roth Capital, Barclays, and UBS, who cited Nextracker's strong Q1 earnings and strategic AI/robotics investments as key drivers of growth. The company reported Q1 fiscal 2026 results with revenue growing 20% year-over-year to $864 million and an adjusted earnings per share of $1.16, beating expectations [1].

Nextracker's stock has shown remarkable volatility over the past year, with 32 moves greater than 5%, but today's upgrade indicates that the market considers the company's latest developments meaningful. The company's strategic push into AI and robotics, highlighted by a $40 million tech acquisition and the appointment of Dr. Francesco Borrelli as chief AI & robotics officer, has been a key factor in this renewed investor confidence [2].

Moreover, Nextracker's recent contract win with Brazil's Casa dos Ventos to supply solar tracker systems for hybrid energy projects underscores its ability to secure large-scale projects in key international markets. This contract, which involves supplying 1.5 gigawatts (GW) of solar tracker systems, is part of a growing trend among Brazilian developers to diversify their renewable portfolios [1].

Analysts have also noted Nextracker's strong financial metrics, including a 33.9% gross margin and a 38.01% return on invested capital (ROIC). These figures signal efficient capital use and competitive positioning in the solar sector, where technological differentiation drives long-term value [2].

Despite the recent volatility and policy uncertainties, Nextracker's stock has shown resilience, with a 41.3% increase since the beginning of the year. However, at $55.82 per share, it is still trading 16% below its 52-week high of $66.45 from July 2025 [1]. Investors who bought $1,000 worth of Nextracker's shares at the IPO in February 2023 would now be looking at an investment worth $1,833.

The average target price for Nextracker is $70.93, with a high estimate of $97.00 and a low estimate of $37.45, implying an upside of 17.09% from the current price of $60.58. This suggests that investors are optimistic about the company's future prospects, particularly given its strategic initiatives and strong financial performance.

References:

[1] https://markets.financialcontent.com/stocks/article/stockstory-2025-8-13-nextracker-nxt-stock-is-up-what-you-need-to-know
[2] https://www.ainvest.com/news/nextracker-soars-12-21-analyst-upgrades-strategic-ai-push-volume-surges-256-rank-290th-market-activity-2508/