Nextracker Inc. Class A Common Stock (NASDAQ:NXT) — Market Cap & Net Worth
Market Cap & Net Worth: Nextracker Inc. Class A Common Stock (NXT)
Nextracker Inc. Class A Common Stock (NASDAQ:NXT) has a market capitalization of $17.18 Billion ($17.18 Billion) as of May 4, 2026. Listed on the NASDAQ stock exchange, this USA-based company holds position #1448 globally and #562 in its home market, demonstrating a -3.56% decrease in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying Nextracker Inc. Class A Common Stock's stock price $119.93 by its total outstanding shares 148475843 (148.48 Million). Analyse Nextracker Inc. Class A Common Stock cash conversion from operations to see how efficiently the company converts income to cash.
Nextracker Inc. Class A Common Stock Market Cap History: 2023 to 2026
Nextracker Inc. Class A Common Stock's market capitalization history from 2023 to 2026. Data shows growth from $6.96 Billion to $17.81 Billion (52.96% CAGR).
Index Memberships
Nextracker Inc. Class A Common Stock is a constituent of 2 market indices:
| Index | Total Market Cap | Weight (%) | Rank by Market Cap |
|---|---|---|---|
|
NASDAQ Composite
IXIC
|
$38.77 Trillion | 0.04% | #169 of 3165 |
|
S&P Midcap 400
MID
|
$3.36 Trillion | 0.22% | #31 of 401 |
Weight: Nextracker Inc. Class A Common Stock's market cap as a percentage of total index value. Rank: Position among all constituents by market cap.
Nextracker Inc. Class A Common Stock Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how Nextracker Inc. Class A Common Stock's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance.
Latest Price to Sales (P/S) Ratio
4.37x
Nextracker Inc. Class A Common Stock's market cap is 4.37 times its annual revenue
Latest Price to Earnings (P/E) Ratio
25.40x
Nextracker Inc. Class A Common Stock's market cap is 25.40 times its annual earnings
What These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2023 | $6.96 Billion | $1.90 Billion | $118.89 Million | 3.66x | 58.51x |
| 2024 | $5.54 Billion | $2.50 Billion | $306.24 Million | 2.22x | 18.09x |
| 2025 | $12.93 Billion | $2.96 Billion | $509.17 Million | 4.37x | 25.40x |
Competitor Companies of NXT by Market Capitalization
Companies near Nextracker Inc. Class A Common Stock in the global market cap rankings as of May 4, 2026.
Key companies related to Nextracker Inc. Class A Common Stock by market ranking:
- First Solar Inc (NASDAQ:FSLR): Ranked #1225 globally with a market cap of $20.97 Billion USD.
- Tongwei Co Ltd (SHG:600438): Ranked #2015 globally with a market cap of $11.44 Billion USD ( CN¥78.20 Billion CNY).
- Waaree Energies Limited (NSE:WAAREEENER): Ranked #2282 globally with a market cap of $9.70 Billion USD ( Rs897.09 Billion INR).
- Trina Solar Co Ltd (SHG:688599): Ranked #3195 globally with a market cap of $5.95 Billion USD ( CN¥40.67 Billion CNY).
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #1225 | First Solar Inc | NASDAQ:FSLR | $20.97 Billion | $211.71 |
| #2015 | Tongwei Co Ltd | SHG:600438 | $11.44 Billion | CN¥17.37 |
| #2282 | Waaree Energies Limited | NSE:WAAREEENER | $9.70 Billion | Rs3118.80 |
| #3195 | Trina Solar Co Ltd | SHG:688599 | $5.95 Billion | CN¥17.36 |
Nextracker Inc. Class A Common Stock Historical Marketcap From 2023 to 2026
Between 2023 and today, Nextracker Inc. Class A Common Stock's market cap moved from $6.96 Billion to $ 17.81 Billion, with a yearly change of 52.96%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | $17.81 Billion | +37.68% |
| 2025 | $12.93 Billion | +133.51% |
| 2024 | $5.54 Billion | -20.37% |
| 2023 | $6.96 Billion | -- |
End of Day Market Cap According to Different Sources
On May 3rd, 2026 the market cap of Nextracker Inc. Class A Common Stock was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $17.18 Billion USD |
| MoneyControl | $17.18 Billion USD |
| MarketWatch | $17.18 Billion USD |
| marketcap.company | $17.18 Billion USD |
| Reuters | $17.18 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.
About Nextracker Inc. Class A Common Stock
Nextpower Inc. provides solar tracker technologies and solutions for utility-scale and distributed generation solar applications in the United States and internationally. The company offers tracking solutions, including NX Horizon, a solar tracking solution; NX Horizon-XTR, a terrain-following tracker to expand the addressable market for trackers on sites with sloped, uneven, and challenging terr… Read more