Nextracker Inc. Class A Common Stock (NXT) Fair Value & Analysis
Technology · US · Market cap $17.1B · ISIN US65290E1010
What is Nextracker Inc. Class A Common Stock really worth?
Nextracker Inc. Class A Common Stock
NXT · US
A solid business, but trading 20% above our fair value of $69.61.
Strengths
Risks
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 22 days ago
Share price −15.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range ($51.07 to $132.11) leaves room in how you read the outcome.
Price vs Fair Value (4 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
43‑month range $28.55 – $156.40 · fair‑value band $51.07 – $132.11 · the $83.50 price screens above the $69.61 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Nextracker Inc. Class A Common Stock (NXT) currently trades at $83.50, while our model-based Fair Value estimate is $69.61, implying the stock looks roughly 19.9% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of $115.66 per share, and 13 of the 26 models we run sit above the $83.50 price. Bear case: the Asset-Based group reads lowest at $10.31, and 13 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Nextracker Inc. Class A Common Stock generated revenue of $3.6B at a net margin of 16.5%. Revenue declined 4.7% year over year. It earns a return on equity of 29.6%. The balance sheet holds a net cash position of $1.1B. Fundamentals as of Aug 13, 2026
Our scenario range runs from $51.07 (bear case) to $132.11 (bull case); at $83.50, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 49% below its 52-week high and 62% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −17%, NXT screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly $1.64 per share, which is 2.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth Earnings ($115.66) versus Asset-Based ($10.31). Highest evidence: FCF DCF (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 67 · Market factors (momentum, volatility) 25
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Nextpower Inc. provides solar and energy technology solutions for utility-scale power plants in the United States and internationally.
Full company description
Nextpower Inc. provides solar and energy technology solutions for utility-scale power plants in the United States and internationally. It offers tracking solutions, including NX Horizon, a solar tracking solution; NX Horizon-XTR, a terrain-following tracker to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain; NX Horizon Hail Pro adds automatic stowing using weather service information; and NX Horizon Low Carbon, a solar tracker solution with a reduced carbon footprint. The company also provides TrueCapture, an energy yield management system that addresses power production shortfalls; NX Anchor and NX Earth Truss, a solar foundation technology to facilitate solar project development in challenging soil conditions; Truss Driver, an advanced installation equipment; and NX Navigator, which assists solar power plant owners and operators in monitoring, controlling, and protecting their solar projects. It serves engineering, procurement, and construction firms, as well as solar project developers and owners. The company was formerly known as Nextracker Inc. and changed its name to Nextpower Inc. in November 2025. The company was founded in 2013 and is headquartered in Fremont, California.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Nextracker Inc. Class A Common Stock reported revenue of $3.6B in FY2026 versus $1.5B in FY2022, a compound +25.0%/yr. Reported net income was $586M in FY2026, compounding +84.2%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
NXT screens 20% overvalued. Compare with First Solar, Inc →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Nextpower (NXT) Registers a Bigger Fall Than the Market: Important Facts to Note
- Nextpower (NXT) Is Down 5.3% After Cutting EBITDA Guidance Despite Q2 Revenue Growth
- Nextpower (NXT) Stock May Trade At a Discount to Fair Value
- Nextpower (NXT) Approved Governance Changes, Is The Stock Cheap After The Earnings Miss?
Peer Group
Solar · 109 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Solar median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 46/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Solar stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| First Solar, Inc FSLR | $210.10 | $392.12 | +87% |
| Waaree Energies Limited WAAREEENER | ₹2,624 | ₹2,709 | +3% |
| Tongwei Co 600438 | ¥12.89 | ¥12.13 | −6% |
| Jinko Solar Co 688223 | ¥4.16 | ¥6.47 | +56% |
| Enphase Energy, Inc ENPH | $39.25 | $24.15 | −38% |
| CSI Solar Co 688472 | ¥10.28 | ¥6.76 | −34% |
| Hengdian Group 002056 | ¥21.53 | ¥31.86 | +48% |
| Premier Energies Limited PREMIERENE | ₹1,017 | ₹648.94 | −36% |
| Trina Solar Co 688599 | ¥12.77 | ¥7.97 | −38% |
| JA Solar Technology Co 002459 | ¥6.81 | ¥3.32 | −51% |
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