NEXTracker Inc (NXT) Stock Forecast & Price Target

Nextracker has demonstrated a positive financial outlook by increasing its fiscal year 2026 revenue guidance by approximately 1.5%, now projected between $3.275 billion and $3.4785 billion, which marks a 2.3% improvement from the original forecast. Additionally, the company's EBITDA guidance has been raised to between $775 million and $815 million, reflecting a 2% increase and an overall 8% uplift since its initial estimate, underscoring the company's operational resilience. Nextracker's robust backlog nearing $5 billion and the significant growth in bookings for its non-tracker products further support a strong growth trajectory moving forward.

Nextracker's outlook faces significant headwinds, including an anticipated demand decline exceeding 20% and increasing competition, which could lead to pricing pressure, market share erosion, and margin contraction. Furthermore, industry uncertainty is projected to negatively affect revenue growth and operational margins, compounded by the company's heavy reliance on steel, where elevated prices may elevate production costs. The lack of identifiable catalysts for positive change, alongside the current stock valuation compared to historical norms, further contributes to the negative sentiment surrounding Nextracker's financial prospects.