Nextracker NXT
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Nextracker (NXT) Business Model and Operations Summary
Nextracker Inc., an energy solutions company, provides solar tracker solutions for PV projects. The company offers solar trackers, such as Bifacial PV modules for large-scale solar; NX Horizon for solar power plants; NX Gemini two-in-portrait solar tracker that optimizes lifetime value and performance of power plants for project developers and asset owners; and NX Horizon XTR, an all-terrain solar tracker. It also provides TrueCapture, an intelligent and self-adjusting tracker control system for PV power plants; and NX Navigator, an operational control and risk mitigation software. The company was incorporated in 2013 and is based in Fremont, California. Nextracker Inc. operates as a subsidiary of Flex Ltd.
Key Insights
Nextracker (NXT) Core Market Data and Business Metrics
Latest Closing Price
$58.88Market Cap
$9.32 BillionAverage Daily Volume
2,608,272 Shares52-Week Range
$30.93-$67.87Price-Earnings Ratio
16.97Total Outstanding Shares
147.83 Million SharesCEO
Daniel S. ShugarTotal Employees
1,300Current Dividend
$0.26 Per Share AnnuallyIPO Date
February 9, 2023SIC Description
Search, Detection, Navagation, Guidance, Aeronautical SysHeadquarters
6200 Paseo Padre Parkway, Fremont, CA, 94555