NEXTracker Inc (NXT) Stock Forecast & Price Target

Nextpower has demonstrated a robust financial performance, marked by an upward adjustment in its FY26 revenue guidance, now projected between $3.275 billion and $3.4785 billion, reflecting an increase of approximately 1.5% from previous estimates. The company also revised its EBITDA expectations to a range of $775 million to $815 million, indicating a 2% increase and an overall enhancement of 8% from its original forecasts, which suggests a solid operational efficiency. Furthermore, with a nearly $5 billion backlog and expectations of significant revenue growth driven by both tracker and non-tracker segments, Nextpower is positioned for sustained expansion in the renewable energy market.

The financial outlook for Nextracker indicates a concerning trend, as management has guided FY'27 revenue expectations to approximately $3.7 billion, which is about 3%-6% below earlier forecasts from different analyst groups. Furthermore, while adjusted free cash flow is anticipated to be robust at around $600 million, the adjusted EBITDA projection for FY'30 has been lowered to approximately $1.2 billion, reflecting a 13% decrease from prior consensus and highlighting potential margin pressures. Additionally, increasing competition may pose risks of pricing pressure and loss of market share, further complicating Nextracker's revenue growth and profitability prospects.