Nextracker Inc. Class A (NXT) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Nextracker Inc. Class A stock $117, price $99.58, upside +17.9%, quality 67 out of 100. Rating: undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
45‑month range $28.55 – $156.40 · fair‑value band $80.03 – $193.05 · the $99.58 price screens below the $117.37 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Nextpower Inc. provides solar and energy technology solutions for utility-scale power plants in the United States and internationally.
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It offers tracking solutions, including NX Horizon, a solar tracking solution; NX Horizon-XTR, a terrain-following tracker to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain; NX Horizon Hail Pro adds automatic stowing using weather service information; and NX Horizon Low Carbon, a solar tracker solution with a reduced carbon footprint.
The company also provides TrueCapture, an energy yield management system that addresses power production shortfalls; NX Anchor and NX Earth Truss, a solar foundation technology to facilitate solar project development in challenging soil conditions; Truss Driver, an advanced installation equipment; and NX Navigator, which assists solar power plant owners and operators in monitoring, controlling, and protecting their solar projects.
It serves engineering, procurement, and construction firms, as well as solar project developers and owners. The company was formerly known as Nextracker Inc. and changed its name to Nextpower Inc. in November 2025. The company was founded in 2013 and is headquartered in Fremont, California.
Stock analysis
Nextracker Inc. Class A (NXT) currently trades at $99.58, while our model-based Fair Value estimate is $117.37, implying the stock looks roughly 15% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $115.60 per share, and 4 of the 24 models we run sit above the $99.58 price.
Bear case: the Economic Profit group reads lowest at $29.08, and 20 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $80.03 (bear) to $193.05 (bull), the price of $99.58 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Nextracker Inc. Class A Common Stock reported revenue of $3.6B in FY2026 versus $1.5B in FY2022, a compound +25.0%/yr. Reported net income was $586M in FY2026, compounding +84.2%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap $15.2B Large · P/E ratio 24.8 · P/S ratio 3.97 · EPS (TTM) $3.97 · Net margin 16.0% · Return on equity 26.5% · Return on assets (EBIT) 15.8% · Operating margin 18.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 76 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 30% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 44% fair-value upside, at 18%, NXT screens richer than that median.
Fair Value models
Bear$80.03Fair Value $117.37Bull$193.05
Price $99.58 · Upside +17.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then ($2.39 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 7 officers or directors sold shares worth $32.6M and none bought.
SaleCharles D BoyntonChief Financial Officer4× since Dec 1, 2025: 18,000 shares, avg. $105.39$1.9MSep 1, 202610b5-1 plan
SaleJulia BlundenDirector2× since Aug 5, 2026: 9,704 shares, avg. $88.72$860,956Aug 24, 2026
SaleBrandi Elizabeth ThomasDirector7,415 shares at $91.25$676,619Aug 19, 2026
SaleHoward WengerPresident, Director4× since May 20, 2026: 98,987 shares, avg. $126.05$12.5MAug 11, 202610b5-1 plan
SaleDaniel S ShugarChief Executive Officer, Director5× since Nov 17, 2025: 240,804 shares, avg. $104.34$25.1MAug 10, 202610b5-1 plan
SaleNicholas Marco MillerChief Operating Officer2× since May 20, 2026: 46,938 shares, avg. $141.02$6.6MMay 29, 202610b5-1 plan
SaleBruce LedesmaChief Legal & Compliance Ofc3,248 shares at $134.72$437,571May 26, 202610b5-1 plan
SaleWilliam D WatkinsDirector2× since Nov 18, 2025: 15,000 shares, avg. $100.76$1.5MJan 30, 2026
SaleDavid P BennettChief Accounting Officer33,725 shares at $88.08$3.0MDec 11, 202510b5-1 plan
Plus 39 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+20.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.4%
Start year 2021 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.2%
’19
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’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+35.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+35.8%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 20%
2026 sits 85% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Revenue per share shrinking 8.2%/yr over ~5Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+20.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+18.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +17.3% a year for the price and +15.6% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: The business draws strength from strong reported margins and ROE that signal pricing power, yet its main weak point is the thin evidence and limited public data overall.
Main risk: Rapid advances in solar components or alternative technologies by competitors could render Nextracker's tracker systems uncompetitive or incompatible with new panel designs, hitting sales and margins.
Bull case: By integrating AI, robotics and storage into a full platform Nextracker could capture more project value and offset any single-product pressure from rivals or policy shifts.
Bear case: If competitors deliver cheaper integrated systems or tax incentives fade sharply, demand for its core trackers could shrink and force sustained margin compression across the platform.
Nextpower has broadened its solar tracker base into a full energy technology platform through acquisitions in storage and power conversion. This diversification taps new markets but brings execution risks as the company integrates unfamiliar products alongside its established systems. Will the new segments deliver stronger growth than the added complexity subtracts from the core business?
Compare Nextracker Inc. Class A Common Stock with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Solar · 96 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+17.9% · Above median
Profitability
Return on equity (12 months)26.5% · Top 25%
Return on assets14.4% · Top 25%
Net margin (12 months)16.0% · Top 25%
Operating margin (12 months)18.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)22.5% · Above median
Balance sheet
Debt / equity0.06× · Lowest 25%
Valuation Multiplesvs Solar median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Nextracker Inc. Class A Common Stock Fair Value". https://www.fairvalue-calculator.com/stock/NXT
Frequently asked questions
Is Nextracker Inc. Class A (NXT) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $117.37 versus a price of $99.58, about +18% upside (undervalued).
What is the fair value of NXT?
Our model-based fair value for Nextracker Inc. Class A Common Stock is $117.37 (as of Nov 5, 2026), built from audited fundamentals. The current price: $99.58.
What is the quality score of NXT?
Nextracker Inc. Class A Common Stock has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Nextracker Inc. Class A (NXT)?
Our model-based price target is the fair value of $117.37 (as of Nov 5, 2026) from 24 valuation models. Cautious scenario $80.03, optimistic scenario $193.05. It is a calculation from audited fundamentals, not an analyst target.
What is the Nextracker Inc. Class A Common Stock stock forecast for 2026?
Our models put fair value at $117.37, about +18% upside versus a price of $99.58 (undervalued). Cautious scenario $80.03, optimistic scenario $193.05. The calculation is refreshed regularly with new filings.
What is the revenue of Nextracker Inc. Class A (NXT)?
Nextracker Inc. Class A Common Stock reported trailing-twelve-month revenue of about $3.8B (latest available figure, as of Nov 5, 2026).
What growth is priced into Nextracker Inc. Class A (NXT)?
For today's price to be fair in a discounted-cash-flow model, Nextracker Inc. Class A Common Stock would have to grow free cash flow by +20.1 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +24.4 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of NXT use?
Our models discount Nextracker Inc. Class A Common Stock at 11.4 %: a base by market capitalisation (large), damped by beta 1.94, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Nextracker Inc. Class A Common Stock that is +20.1 % per year a year over ten years, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has Nextracker Inc. Class A (NXT) delivered so far?
Over the past 5 years revenue at Nextracker Inc. Class A Common Stock grew +24.4 % a year. The price currently implies +20.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Nextracker Inc. Class A (NXT) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Nextracker Inc. Class A Common Stock (+20.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Nextracker Inc. Class A (NXT)?
The free-cash-flow yield on the price is 3.36 %: that much free cash flow Nextracker Inc. Class A Common Stock produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nextracker Inc. Class A (NXT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nextracker Inc. Class A Common Stock it is $117.37 per share (as of Nov 5, 2026), against a price of $99.58. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Nextracker Inc. Class A Common Stock stock overvalued or undervalued in 2026?
As of Nov 5, 2026, NXT trades below its calculated fair value: price $99.58, fair value $117.37, a gap of about +18% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NXT?
No. The price is what the market pays today ($99.58); the fair value is what the company's own numbers justify ($117.37). For Nextracker Inc. Class A Common Stock the two are $17.79 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nextracker Inc. Class A Common Stock worth?
The market values Nextracker Inc. Class A Common Stock at about $15.2B (market capitalisation, as of Nov 5, 2026). Per share that is $99.58; our models calculate a fair value of $117.37 per share.
What do the bullish and bearish scenarios say about NXT?
Our models span a range for Nextracker Inc. Class A Common Stock: cautious scenario $80.03, base $117.37, optimistic $193.05 per share (as of Nov 5, 2026, price $99.58). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NXT?
Nextracker Inc. Class A Common Stock trades at a price-to-earnings ratio of 24.8 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $117.37 is built from several models across several years. Other multiples: PEG 3.2, P/B 6.5, P/S 4.0, EV/EBITDA 18.3.
What is the PEG ratio of NXT?
The PEG ratio of Nextracker Inc. Class A Common Stock is 3.15 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Nextracker Inc. Class A (NXT)?
Balance-sheet figures for Nextracker Inc. Class A Common Stock (as of Nov 5, 2026): return on equity 26.5%, debt of 0.06 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is NXT from its 52-week high?
Nextracker Inc. Class A Common Stock trades at $99.58, about 36% below its 52-week high of $156.40 and 30% above the low of $76.48 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of $117.37 is for.
Which stocks are comparable to Nextracker Inc. Class A Common Stock?
From the same area (Technology) we also value First Solar, Inc, Tongwei Co, Waaree Energies Limited, Jinko Solar Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Nextracker Inc. Class A Common Stock stock attractive at the current price?
The data as of Nov 5, 2026: price $99.58, calculated fair value $117.37 (+18%), Quality Score 67/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NXT calculated?
We run Nextracker Inc. Class A Common Stock through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $117.37, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Nextracker Inc. Class A Common Stock currently trades 15% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Nextracker Inc. Class A (NXT)?
The closing price on Nov 5, 2026 was $99.58. Our model-based fair value is $117.37, about +18% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nextracker Inc. Class A Common Stock right now?
A fairly wide model range ($80.03 to $193.05) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Nextracker Inc. Class A Common Stock
How large is the market capitalisation of Nextracker Inc. Class A (NXT)?
The market capitalisation of Nextracker Inc. Class A Common Stock is $15.2B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Nextracker Inc. Class A (NXT)?
The price-to-sales ratio of Nextracker Inc. Class A Common Stock is 3.97 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Nextracker Inc. Class A (NXT)?
Earnings per share at Nextracker Inc. Class A Common Stock are $3.97 (price ÷ EPS = P/E 24.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Nextracker Inc. Class A (NXT)?
The net margin of Nextracker Inc. Class A Common Stock is 16.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Nextracker Inc. Class A (NXT)?
The return on equity (ROE) of Nextracker Inc. Class A Common Stock is 26.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Nextracker Inc. Class A (NXT)?
On an EBIT basis the return on assets of Nextracker Inc. Class A Common Stock is 15.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Nextracker Inc. Class A (NXT)?
The operating margin of Nextracker Inc. Class A Common Stock is 18.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nextracker Inc. Class A (NXT)?
Revenue at Nextracker Inc. Class A Common Stock is growing +22.5% versus a year earlier (3y avg +23.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Nextracker Inc. Class A (NXT)?
Earnings per share at Nextracker Inc. Class A Common Stock are growing +11.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Nextracker Inc. Class A (NXT) hold?
Nextracker Inc. Class A Common Stock holds more cash than debt, $1.1B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Nov 5, 2026