Why Nextracker Could Be the Next Big Money Outlier

NXT products enable solar panels installed at power plants to follow the sun’s movement across the sky and optimize the plant’s performance. Its fourth-quarter fiscal 2024 earnings report showed a record $924 million of quarterly revenue (a 26% year-over-year increase), full-year revenue of roughly $3 billion (18% rise), and diluted per-share earnings of $4.22 for the year.

No wonder NXT shares are up 75% so far this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock.

Nextracker Produces for Big Money

Institutional volumes reveal plenty. In the last year, NXT has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in NXT shares. They reflect our proprietary inflow signal, pushing the stock higher:

Plenty of industrials names are under accumulation right now. But there’s a powerful fundamental story happening with Nextracker.

Nextracker Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, NXT has had strong sales and earnings growth:

• 3-year sales growth rate (+26.8%)
• 3-year EPS growth rate (+5,250%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +12.1%.

Now it makes sense why the stock has been generating Big Money interest. NXT is generating strong financial performance.

Marrying great fundamentals with MoneyFlows software has found some big winning stocks over the long term.

Nextracker became a top-rated stock at MoneyFlows last year. That’s when the stock saw unusual buy pressure with its growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

Since its first outlier inflow signal in February 2024, NXT is up 12.3%. The blue bars below show when NXT was a top pick…the Big Money bumps could continue:

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

Nextracker Price Prediction

The NXT action isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in NXT at the time of publication.

If you are a Registered Investment Advisor (RIA) or a serious investor, learn how institutional trading flows can take your investing to the next level.