Nextracker trades at a higher P/E ratio with analysts predicting a downside.

Nextracker (NXT) is a public company in the "Search & navigation equipment" industry with a market cap of $1.90bn. Despite higher revenue and earnings, it trades at a higher P/E ratio and has a potential downside of 6.47% compared to the industry's 11.16% upside potential. Analysts believe its consensus target price of $53.78 suggests higher risk and less favorable growth than rivals. Nextracker provides solar tracker and software for utility-scale and distributed generation solar projects.

February 23, 2024
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