NEXTracker Inc Ordinary Shares - Class A
NXT: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$93.00 | Qyl | Zmqfrky |
Nextracker Earnings: Solid Results, but Competitive Environment Bears Watching
No-moat Nextracker continued its trend of strong financial results and released fiscal 2025 guidance in line with our estimates. We plan to update our model in conjunction with the 10-K filing in the coming weeks, but at an initial glance, we see no reason to change our $37 fair value estimate. We reiterate our nonconsensus view that long-term margins will moderate from recent levels.