NEXTracker Expands Board with Two New Appointments

NEXTracker, Inc. Class A ( (NXT) ) has issued an update.

On June 17, 2025, Nextracker Inc. expanded its Board of Directors from nine to eleven members, appointing Monica Karuturi and Mark Menezes as new directors. Monica Karuturi, with a background in legal and executive roles at CenterPoint Energy, will serve as a Class III director and join the Compensation and People Committee. Mark Menezes, President and CEO of the United States Energy Association and former Deputy Secretary of the U.S. Department of Energy, will serve as a Class I director and join the Nominating, Governance and Public Responsibility Committee. Both appointments are effective immediately, with terms expiring at the company’s 2025 and 2026 annual meetings, respectively. The appointments are expected to enhance the company’s governance and strategic oversight capabilities.

The most recent analyst rating on (NXT) stock is a Buy with a $59.00 price target. To see the full list of analyst forecasts on NEXTracker, Inc. Class A stock, see the NXT Stock Forecast page.

Spark’s Take on NXT Stock

According to Spark, TipRanks’ AI Analyst, NXT is a Outperform.

NEXTracker, Inc. Class A scores a solid 76, reflecting its strong financial performance, robust earnings call results, and reasonable valuation. The company shows impressive revenue growth and profitability, supported by strategic investments and a record backlog, which provide confidence in future growth. However, potential risks include international pricing pressures and the lack of a dividend yield. Technical indicators suggest a neutral market position, which aligns with the overall positive outlook tempered by specific challenges.

To see Spark’s full report on NXT stock, click here.

More about NEXTracker, Inc. Class A

Average Trading Volume: 2,259,120

Technical Sentiment Signal: Buy

Current Market Cap: $8.89B

See more insights into NXT stock on TipRanks’ Stock Analysis page.