NXT Price Prediction Next Week
Technical Analysis: Based on recent price action, NXT shows a bullish momentum with RSI(14) at 60.54 indicating moderate upward strength. The stock is trading above all major moving averages (SMA 5,10,20,60,200), suggesting a strong uptrend.
Price Target Analysis for Next Week:
- Current price: $48.11
- Fibonacci levels indicate:
- Resistance 1: $49.49
- Resistance 2: $51.04
- Support 1: $44.45
- Support 2: $42.90
News Sentiment: Recent news shows positive momentum:
- Strong Q3 FY2025 performance with $679 million revenue
- Record backlog exceeding $4.5 billion, doubled since IPO
- 15% year-over-year revenue growth
- Growing demand for solar tracker systems
Price Prediction for Next Week: Based on technical indicators and positive fundamentals:
- Target Price: $51.00
- Stop Loss: $46.50
Recommendation: BUY
- Entry point: Current market price ($48.11)
- Strong technical setup with price above all major moving averages
- Positive momentum indicated by RSI
- Robust fundamental backdrop with growing order backlog
- First target at Fibonacci R1 ($49.49), with potential to reach R2 ($51.04)
NXT Similar Chart Price Prediction
The price of NXT is predicted to go up 3.38%, based on the high correlation periods with KMPR. The similarity of these two price pattern on the periods is 94.7%.
NXT
KMPR
Up: 3.38%Similarity: 94.7%
NXT Revenue Forecast
NXT EPS Forecast
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NXT VS S&P500
Nextracker's best-in-class independent row tracker system, aligns its optimized energy yields with developer's long-term project economics.
Nextracker serves a growing utility-scale solar market, with a leading position in both developed and higher-growth emerging markets.
The Inflation Reduction Act could drive additional upside to Nextracker's margin profile.
NXT Analyst's Forecast
Praneeth Satish
Wells Fargo
Buy
2025-01-08
Price Target
$70 → $69
Upside
+62.24%
Wells Fargo lowered the firm's price target on Nextracker to $69 from $70 and keeps an Overweight rating on the shares. The firm is negative on the Clean Energy sector in 2025 given IRA/political uncertainty and high interest rates. While the sector has traded off, investors may stay away until there's clarity on regulatory and macro headwinds, Wells argues. Nextracker is one of the firm's top picks in the space.
Ryan Levine
Citigroup
Hold
2025-01-08
Price Target
$50 → $45
Upside
+5.81%
Jeff Osborne
TD Cowen
Hold
2024-12-19
Price Target
$41
Upside
+21.16%
