Nextracker Revenue Climbs 20% to $3.56B as BNP Paribas Lifts Target to $177
NXT•Nextracker posted record fiscal 2026 revenue of $3.56 billion, a 20% increase, with a backlog exceeding $5.25 billion and Q4 EPS of $1.05 topping the $0.89 consensus. BNP Paribas raised its price target from $145 to $177, implying a 30.8% upside after the stock jumped 12% on the results.
1. Fiscal 2026 Financial Performance
Nextracker reported full-year revenue of $3.56 billion in fiscal 2026, a 20% increase year over year. The company ended the year with a backlog exceeding $5.25 billion and delivered Q4 EPS of $1.05, surpassing the $0.89 consensus despite a 4.7% revenue decline to $880.5 million.
2. Price Target Increase and Stock Reaction
BNP Paribas raised its price target on Nextracker from $145 to $177, implying a 30.8% upside. This revision followed the stronger-than-expected earnings release and coincided with a 12% surge in the stock price.
3. Updated Outlook and Demand Drivers
Management increased its fiscal 2027 revenue outlook, citing robust demand from data center expansions and electrification efforts. The transition toward integrated utility-scale energy solutions positions Nextracker to capitalize on growing power generation capacity needs.
