Nextracker Inc's fundamentals are relatively healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 3 out of 30 in the Renewable Energy industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 104.44.In the medium term, the stock price is expected to trend up.The company has been performing strongly in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.

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The current financial score of Nextracker Inc is 7.29, ranking 17 out of 30 in the Renewable Energy industry. Its financial status is stable, and its operating efficiency is average. Its latest quarterly revenue reached 909.35M, representing a year-over-year increase of 33.85%, while its net profit experienced a year-over-year increase of 13.84%.
The current valuation score of Nextracker Inc is 8.31, ranking 14 out of 30 in the Renewable Energy industry. Its current P/E ratio is 29.77, which is 5641.71% below the recent high of 1709.35 and 1859.49% above the recent low of -523.81.

The current earnings forecast score of Nextracker Inc is 7.93, ranking 6 out of 30 in the Renewable Energy industry. The average price target is 105.00, with a high of 128.00 and a low of 37.45.


Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Nextracker Inc is 9.34, ranking 1 out of 30 in the Renewable Energy industry. Currently, the stock price is trading between the resistance level at 139.00 and the support level at 93.53, making it suitable for range-bound swing trading.

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The current institutional shareholding score of Nextracker Inc is 10.00, ranking 1 out of 30 in the Renewable Energy industry. The latest institutional shareholding proportion is 105.76%, representing a quarter-over-quarter increase of 0.40%. The largest institutional shareholder is The Vanguard, holding a total of 14.13M shares, representing 9.52% of shares outstanding, with 1.44% increase in holdings.

The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Renewable Energy domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Nextracker Inc is 4.99, ranking 4 out of 30 in the Renewable Energy industry. The company's beta value is 0.00. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets.