Here's Why You Must Add Nextracker Stock to Your Portfolio Now

Nextracker Inc. NXT, with its rising earnings estimates, robust ROE, better debt management, and strong liquidity, offers a great investment opportunity in the Zacks Solar industry.Let us focus on the reasons that make this Zacks Rank #1 (Strong Buy) stock a solid investment pick at the moment.NXT’s Growth Projections & Surprise History The Zacks Consensus Estimate for NXT’s fiscal 2025 and 2026 earnings per share (EPS) has increased 19.7% and 15.7%, respectively, over the past 60 days.The Zacks Consensus Estimate for its fiscal 2025 revenues is pegged at $2.86 billion, which implies a rise of 14.2% from the fiscal 2024 reported sales figure. The Zacks Consensus Estimate for its fiscal 2026 revenues is pegged at $3.19 billion, which indicates a year-over-year increase of 11.7%.It delivered an average earnings surprise of 57.44% in the last four quarters.NXT’s Return on Equity Return on equity (ROE) indicates how efficiently a company has been utilizing its funds to generate higher returns. Currently, NXT’s ROE is 41.22% compared with the industry’s 1.39%. This indicates that the company has been utilizing its funds more constructively than its peers in the industry.Debt Position of Nextracker Currently, NXT’s total debt to capital is 9.26%, much better than the industry’s average of 58.18%.NXT’s times interest earned ratio (TIE) at the end of the third quarter of fiscal 2025 was 51.2. The TIE ratio of more than 1 indicates that the company will be able to meet its interest payment obligations in the near term without any problems.NXT’s Liquidity NXT’s current ratio at the end of the third quarter of fiscal 2025 was 2.21, higher than the industry’s average of 1.59. The ratio being greater than one indicates the company’s ability to meet its future short-term liabilities without difficulties.NXT Stock Price Performance In the past three months, NXT shares have risen 18.1% against the industry’s decline of 20.7%.Image Source: Zacks Investment ResearchOther Stocks to Consider A few other top-ranked stocks from the same sector are Expand Energy Corporation EXE, IREN Limited IREN and National Fuel Gas Company NFG, each holding a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.EXE delivered an average earnings surprise of 67.46% in the last four quarters. The Zacks Consensus Estimate for 2025 EPS is pegged at $7.23, which indicates a year-over-year improvement of 412.8%.IREN delivered an average earnings surprise of 63.89% in the last four quarters. The Zacks Consensus Estimate for fiscal 2025 EPS is pegged at 38 cents, which suggests a year-over-year rise of 231%.  NFG delivered an average earnings surprise of 8.27% in the last four quarters. The Zacks Consensus Estimate for fiscal 2025 EPS is pegged at $6.64, which calls for a year-over-year improvement of 32.5%.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report National Fuel Gas Company (NFG): Free Stock Analysis Report IREN Limited (IREN): Free Stock Analysis Report Nextracker Inc. (NXT): Free Stock Analysis Report Expand Energy Corporation (EXE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks