NEXTracker Inc (NXT) Stock Forecast & Price Target

Nexttracker has revised its FY26 revenue guidance to a range of $3.275-$3.4785 billion, reflecting an increase of approximately 1.5% from previous forecasts and a total growth of around 2.3% since the original estimate. The company has also boosted its EBITDA guidance to $775-$815 million, indicating a 2% rise that represents an 8% increase compared to initial projections, supported by resilient demand and a potential revenue increase of $6 billion. Furthermore, Nexttracker anticipates a compound annual growth rate (CAGR) of roughly 5% for tracker revenue and an impressive 40% CAGR for non-tracker revenue through FY30, alongside a robust backlog nearing $5 billion, reinforcing a strong outlook for future growth.

Nextpower's financial outlook indicates several concerning trends impacting its stock performance. Management has projected FY'27 revenue to be approximately $3.7 billion, which falls short of previous estimates by about 3% and below consensus expectations, thus highlighting potential revenue challenges ahead. Additionally, while adjusted free cash flow for FY'27 is expected to be robust at around $600 million, the anticipated adjusted EBITDA of approximately $1.2 billion for FY'30 reflects a 13% decrease from prior consensus, underscoring risks related to pricing pressure and increasing competition that could adversely affect margins and market position.