NXT is likely to riseIf the weekly closing price exceeds $58.49 with higher volume than the previous week, buy the stock. NXT's relative stock strength is improving, earnings are excellent and market conditions are favorable for the company.Longby KANUSE1
NXT - June 24 Qullamaggie Breakout and Episodic PivotNextracker has had impressive result for the past two quarters where I reviewed their earnings. Both resulted in price having strong bullish moves. Yesterday the market opened with a gap up above the consolidation. This is part of a Qullamaggie Breakout and Episodic Pivot study I am currently conductingLongby Ronin_trader0
Nextracker: Solar Uptrend Taking Shape?Nextracker went public in early 2023, which were dark days for solar energy. However, some traders may see brighter times as the industry rallies. The first pattern on today’s chart is the series of higher lows since early last year. Is a longer-term uptrend taking shape? Second, the most recent trough occurred near the 200-day simple moving average (SMA). Its 50-day SMA is also above the 200-day SMA. Those are also potentially consistent with an upward trajectory. Third, prices rallied after most of the quarterly reports. That may reflect optimism about its fundamentals. NXT is a relatively new company whose systems keep panels pointed at the sun. It mostly serves large utility-scale projects and not residential installations. Its niche, which includes Array Technologies NASDAQ:ARRY , has recently strengthened as AI fuels power demand. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.by TradeStation8
NXT, 5/17-5/22, 9.5% ProfitNextracker (NXT) reported earnings of $1.06 per share on revenue of $736.52 million for the fiscal fourth quarter ended March 2024. The consensus earnings estimate was $0.68 per share on revenue of $681.03 million. The company beat expectations by 24.71% while revenue grew 42.08% on a year-over-year basis.Longby 1hour_trading0
5/14/24 - $nxt - long the print, tough sector... but best horse5/14/24 - vrockstar - NASDAQ:NXT - industrial solar w/ unique IP/ solution and the best industry growth likely has the fewest overhangs as well as bagholders involved. while anyone can see rates picture limits investments industry-wide, these guys should continue to grow through the '24 trough (not the case for... any other solar i can find, esp the consumer ones). 14x next year EPS isn't cheap, esp bc we aren't growing much beyond DD+. Also FCF seems to be nicely flowing down from NI without a ton of obvious dilution, but 3-5% yield isn't "great" (it usually isn't for co's that are winners bc the stocks are expensive for a good reason - they can continue to compound and grow into these valuations). so this hinges on the Q and the beat vs. miss. if there's even a small indication that growth is possibly lower going fwd, i could easily see the stock down double digits+ and this would be an excellent way to play the print on the long front without taking excess risk. however, similar to my call on $NASDAQ:ONON, i see more likelihood that the # looks better and it's a hiding spot with look-thru risk and possibly the best in class name right now in solar that will command super-premium multiples as we approach rate cuts in 2H of the year and so the '25 stock tgt all else equal could easily be ATH+ which i think is >50% scenario vs. a 50% decline here in the meanwhile (and if it's macro related - this is also an obvious place to average into a lower basis). not the most obvious setup b/c they *do* have 30% of the capital stack as debt which is a no-go in this tape, or a real negative factor impacting stonks that miss or don't really beat. however, i'm willing to overlook b/c the growth engine + cash gen + outlook appears to be there.Longby VROCKSTARUpdated 2
NXTAll time high with decent volume, would be a good entry point if retesting the trendlineLongby THtradingjournal1
NXT Nextracker is the leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects around the world. Appealing structure below ATHs. Note the institutional investor footprints (above average volume). Market cap = $6.5bnLongby techpers0
$NXT Dragon Head SetupNASDAQ:NXT also in the #solar space has that dragon head bullish look to it.Longby TaPlot558