NEXTRACKER INC-CL A (NASDAQ:NXT) – A Strong Growth Stock with Technical Breakout Potential

NEXTRACKER INC-CL A (NASDAQ:NXT) was identified by our screener as a strong growth stock with a favorable technical setup. The company combines solid fundamentals with a promising price pattern, making it worth a closer look for investors seeking growth opportunities.

Strong Growth Fundamentals

NXT earns a Growth Rating of 7/10, supported by:

• Revenue Growth: Revenue increased by 18.38% over the past year, with a three-year average growth of 20.37%.
• Earnings Expansion: EPS grew 38.36% year-over-year, with a three-year average annual growth of 32.95%.
• Profitability: The company scores a Profitability Rating of 9/10, with strong margins (17.21% net margin, 21.65% operating margin).

Financial Health and Valuation

• Health Rating of 7/10: NXT has no debt, a solid Altman-Z score (4.12), and good liquidity metrics.
• Attractive Valuation: Trading at a P/E of 13.65, NXT is cheaper than 90% of its industry peers.

Technical Breakout Potential

• Technical Rating of 8/10: Both short-term and long-term trends are positive.
• Consolidation Near Resistance: The stock is trading near a key resistance zone ($60.72 - $61.60), with a recent Pocket Pivot signal suggesting accumulation.
• Support Levels: Strong support exists at $55.28 (horizontal) and $42.64 (weekly trendline), limiting downside risk.

Our Strong Growth Stocks with Good Technical Setup Ratings screener lists more stocks meeting these criteria.
For a deeper analysis, check the full fundamental report and technical report.

Disclaimer

This is not investment advice. The observations are based on current data, but market conditions can change. Always conduct your own research before making investment decisions.