NEXTracker Inc Ordinary Shares - Class A
NXT: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$86.00 | Gql | Qzgtptrb |
Nextracker Earnings: Results In Line as Underlying Gross Margins Moderate
Nextracker’s first-quarter fiscal 2025 results were in line with our expectations. At first glance, we expect to maintain our $37 fair value estimate when we update our model. We continue to view shares as slightly overvalued based on our opinion that gross margins will moderate in the long term.