Added to YB: 2024-06-28
Pitch date: 2024-06-28
NXT [bullish]
Nextracker Inc.
+84.73%
current return
Author Info
No bio for this author
Company Info
Nextracker Inc. provides solar tracker technologies and solutions for utility-scale and distributed generation solar applications in the United States and internationally.
Market Cap
$8.0B
Pitch Price
$46.96
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.48
P/E
14.66
EV/Sales
2.33
Sector
Electrical Equipment
Category
growth
Nextracker Inc. (NXT): Positioned for Success in the Booming Solar Industry
NXT: Solar tracker leader, ~1/3 global mkt share. 30% yield boost. $4bn backlog vs $2.5bn rev. 20%+ EBITDA margin, 70% FCF conv. $300m net cash. HSD EBITDA multiple, mid-teens P/E. Risks: Trump presidency, pricing pressure. Bull case: high 20s CAGR, M&A potential, trusted CEO. Capacity constrained, strong customer feedback.
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