NEXTracker Inc (NXT) Stock Forecast & Price Target

Nextpower's stock outlook is bolstered by its revised fiscal 2026 guidance, with a revenue forecast of $3.275-$3.4785 billion, indicating a 2.3% increase from the original estimate, and an EBITDA forecast of $775-$815 million, representing an 8% improvement. The company anticipates tracker revenue to grow at an implied 4-year compound annual growth rate (CAGR) of approximately 5%, while non-tracker revenue is projected to expand significantly at a 40% CAGR through fiscal year 2030. Moreover, Nextpower's robust backlog of nearly $5 billion and its status as a beneficiary of the Inflation Reduction Act (IRA) further affirm its strong growth potential and manufacturing capabilities.

Nextpower faces potential headwinds as FY'27 revenue guidance of approximately $3.7 billion falls short by around 3% against management's prior expectations and 6% compared to sell-side consensus. Financial projections for FY'30 also reveal a slight revenue decline, set at $5.2 billion, which is approximately 2% below prior consensus estimates, indicating a possible weakening in market demand. Increased competition in the solar tracker market is likely to exert pricing pressure, leading to concerns over margin contraction and potential loss of market share, further contributing to a negative outlook for the company's stock.