How to Buy Nextracker Stock
Nextracker Inc
Nextracker Inc. , an energy solutions company, provides solar tracker solutions for PV projects.
Nextracker stock last closed at $44.42, up 0.95% from the previous day, and has increased 28.79% in one year. It has overperformed other stocks in the Solar industry by 0.84 percentage points. Nextracker stock is currently +51.71% from its 52-week low of $29.28, and -28.52% from its 52-week high of $62.14.
There are currently 136.54M NXT shares outstanding. The market capitalization of NXT is $6.07B. In the last 24 hours, 2.59M NXT shares were traded.
How to Buy Nextracker Stock
Wondering how to invest in Nextracker stock? Here's how.
- Choose where to buy Nextracker stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you decide where to buy Nextracker stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Choose your method of payment and add your details.
- Evaluate Nextracker stock: The Nextracker ticker symbol is NXT. Is Nextracker stock a good investment? Should you buy shares of NXT? How do NXT's underlying business fundamentals look? Do top analysts think Nextracker is a good buy? Why has NXT's stock price moved recently? (Hint: Our stock analysis website can help you decide if NXT is a good stock to buy).
- Execute your NXT buy order: Decide if you will purchase NXT shares at the current market price or use a limit order to purchase NXT shares at a specific price.
- Get notifications regarding your NXT position: Create a watchlist to get live updates on your position in Nextracker shares.
Step 1: Choose where to buy Nextracker stock
You need a brokerage account in order to access the NASDAQ market and buy NXT shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal info so you are able to invest in NXT stock today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start a new brokerage account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've finished signing up on the best stock app to use, you need to deposit funds:
Check out the tutorial below for more details transferring funds into your new brokerage account.
Step 4: Evaluate Nextracker stock
After you have identified the best place to buy Nextracker stock, it's important to research their stock before you buy, so you actually wrap your head around the risk and upside.
Nextracker stock quick numbers
Fundamentals of Nextracker
WallStreetZen was created to help average investors perform more accurate fundamental analysis.
You can see all of the due diligence checks on NXT's stock page.
Is NXT stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge NXT's intrinsic value.
You can do more valuation analysis on NXT's stock here.
How do NXT Financials look?
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the NXT balance sheet.
- NXT earnings of $375.33M is not enough to cover its interest payments.
- NXT profit margin has gone up from 5.5% to 13.2% in the past year.
- NXT's operating cash flow of $352.77M allows it to safely service it's debt of $144.76M.
- There are more short-term assets than long-term liabilities on the NXT balance sheet.
Negative Financial Indicators:
- NXT debt to equity ratio of -0.43 is negative.
- Total NXT debt is still negative.
Do Wall Street analysts think it's a good time to buy NXT stock
Out of 13 sell side analysts who monitor NXT, the consensus analyst rating on NXT is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Latest NXT Analyst Recommendations
Ameet Thakkar, a bottom 3% analyst from BMO Capital initiates coverage on NXT with a hold rating and announces their NXT price target of $69.00, on Mar 22, 2024.
Mark Strouse, a top 18% analyst from JP Morgan maintains NXT with a strong buy rating and lowers their NXT price target from $73.00 to $67.00, on Feb 29, 2024.
Brian Lee, a bottom 2% analyst from Goldman Sachs maintains NXT with a strong buy rating and raises their NXT price target from $62.00 to $70.00, on Feb 2, 2024.
Derek Soderberg, a bottom 1% analyst from Cantor Fitzgerald maintains NXT with a strong buy rating and raises their NXT price target from $52.00 to $62.00, on Feb 1, 2024.
Philip Shen, a bottom 6% analyst from Roth MKM maintains NXT with a strong buy rating and raises their NXT price target from $60.00 to $70.00, on Feb 1, 2024.
You can dive deeper into what analysts are saying on the Nextracker stock forecast page.
NXT Trading Indicators
Is NXT Growing Revenue?
Last year, NXT revenue was $2.28B. Over the past one years, NXT's revenue has grown by 25.12% per year. This was faster than the Solar industry average of 24.24%.
Learn more about NXT's earnings and revenue performance here.
Who is buying/selling NXT?
Over the last year, executives and large shareholders at NXT have sold more shares than they have bought.
Leah Schlesinger, GC Ch Eth Compl Offr Sec of NXT, was the latest NXT insider to sell. They sold $111,554.59 worth of NXT stock on Apr 3, 2024.
Learn more about who owns NXT shares here.
Can I get consistent income from NXT stock?
No, Nextracker doesn't provide an income stream by paying out dividends.
Get opinions from other investors
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Step 5: Execute your NXT buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact price, use a limit order.
Click the Open button and your broker will execute the order.
If you want additional info about investing in stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your NXT position
Now that you own some NXT stock, you'll want to keep up with your investment.
Start a watchlist to keep track of your NXT stock.
NXT Feed
How to Buy Stock in Nextracker
To summarize, here are the 6 steps to buy stock in Nextracker:
- Choose where to buy Nextracker stock
- Open your brokerage account
- Fund your investment account
- Evaluate Nextracker stock
- Execute your NXT buy order
- Get notifications regarding your NXT position
If you need a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to monitor your new investment in Nextracker, create your watchlist below.
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