Nextracker Inc Intrinsic Stock Value – Nextracker Reports Revenue Beat But Earnings Miss Q2 Estimates
May 11, 2023
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NEXTRACKER INC ($NASDAQ:NXT) is a leader in intelligent solar tracking systems, offering complete, turnkey solutions for utility-scale solar and distributed generation projects. The company reported $518.4M in revenue, which came in above the expected figure by $18.4M.
However, the GAAP EPS was $0.02, short of the expected amount by $0.23. NEXTRACKER has seen a surge in demand for its smart solar tracking solutions, as utility-scale solar installations have increased in recent years. The company is making strides to improve its financial performance and has implemented cost-saving measures such as streamlining processes and reducing overhead expenses. NEXTRACKER has also made substantial investments in research and development for new products and services to stay ahead of the competition. Despite the disappointing earnings report, analysts remain optimistic about NEXTRACKER’s potential for long-term growth. The company’s stock price has remained steady since the earnings report and investors seem to be confident that the company will continue to innovate and find new ways to increase revenue.
Market Price
NEXTRACKER Inc. reported their second quarter earnings on Wednesday and the results were mixed. While their revenue beat expectations, their earnings per share fell short of expectations. At the close of trading, NEXTRACKER’s stock was down 1.3% from the previous closing price of $33.7 and closed at $33.2. Investors will be closely monitoring the company’s performance going forward to assess the implications of the earnings miss. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nextracker Inc. More…
| Total Revenues | Net Income | Net Margin |
| 1.82k | 99.6 | 5.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nextracker Inc. More…
| Operations | Investing | Financing |
| 31.01 | -3.42 | 7.47 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nextracker Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.26k | 1.16k | – |
Key Ratios Snapshot
Some of the financial key ratios for Nextracker Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 7.4% |
| FCF Margin | ROE | ROA |
| 1.5% | 92.7% | 6.7% |
Analysis – Nextracker Inc Intrinsic Stock Value
At GoodWhale, we have conducted a thorough analysis of NEXTRACKER INC‘s fundamentals. Our proprietary Valuation Line arrived at an intrinsic value of NEXTRACKER INC’s share of around $32.1. Currently, the stock is being traded at $33.2, making it a fair price, albeit slightly overvalued by 3.3%. We believe this could be attributed to the positive sentiment in the market towards the company and its future prospects. More…
Peers
The development of solar technology has seen an increase in competition between the leading solar companies, including NEXTracker Inc, Three Sixty Solar Ltd, Surana Solar Ltd, and Canadian Solar Inc. These companies are continuously pushing each other to develop innovative solutions to promote renewable energy, ultimately leading to higher quality products at more cost effective prices for customers.
– Three Sixty Solar Ltd ($BER:AJ6)
Three Sixty Solar Ltd is a renewable energy company that develops solar power solutions for residential, commercial, and industrial applications. The company has a market cap of 17.3M as of 2023, indicating strong financial stability and market confidence. Its Return on Equity (ROE) of -40.54% suggests that the company is under-performing in terms of profitability, and may be in need of an improved strategy to increase its financial returns. Despite this, Three Sixty Solar Ltd has a strong market cap and remains a viable business with potential for growth.
– Surana Solar Ltd ($BSE:533298)
Surana Solar Ltd is an India-based energy company that specializes in solar power generation and distribution. The company is a leader in India’s renewable energy sector, with a market cap of 1.02 billion as of 2023. This indicates the company’s strong financial performance and investor confidence in its future prospects. The company’s Return on Equity (ROE) of 3.59% is also a sign of its financial stability. Surana Solar is well positioned to continue to grow and make significant contributions to India’s renewable energy industry in the foreseeable future.
– Canadian Solar Inc ($NASDAQ:CSIQ)
Canadian Solar Inc is a leading global provider of solar energy solutions. Founded in 2001, the company designs, manufactures, and sells solar modules and other products, as well as provides solar system services. As of 2023, Canadian Solar Inc had a market cap of 2.36B, representing a significant increase from their market cap of 1.77B in 2021. The company also boasted a strong Return on Equity (ROE) of 14.45%, indicating that the company is efficiently using its resources to generate profits for shareholders.
Summary
Investors have responded positively to the financial results of NEXTRACKER INC, with the company’s shares rising after its announcement. However, the company reported GAAP EPS of $0.02, missing estimates by $0.23. The company continues to make significant investment in its research and development operations and is likely to benefit from the growing global demand for solar power solutions. Investors should carefully consider the company’s performance and outlook before investing in it.
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