NXT vs. NFE, ETRN, PBF, SM, ENLC, TDW, BEPC, CWEN, KNTK, and VAL
Should you be buying Nextracker stock or one of its competitors? The main competitors of Nextracker include New Fortress Energy (NFE), Equitrans Midstream (ETRN), PBF Energy (PBF), SM Energy (SM), EnLink Midstream (ENLC), Tidewater (TDW), Brookfield Renewable (BEPC), Clearway Energy (CWEN), Kinetik (KNTK), and Valaris (VAL). These companies are all part of the "oils/energy" sector.
Nextracker (NASDAQ:NXT) and New Fortress Energy (NASDAQ:NFE) are both mid-cap oils/energy companies, but which is the better business? We will compare the two businesses based on the strength of their dividends, earnings, analyst recommendations, institutional ownership, valuation, media sentiment, risk, profitability and community ranking.
New Fortress Energy has a net margin of 17.90% compared to Nextracker's net margin of 4.48%. New Fortress Energy's return on equity of 31.34% beat Nextracker's return on equity.
Nextracker currently has a consensus price target of $57.96, indicating a potential upside of 26.05%. New Fortress Energy has a consensus price target of $38.00, indicating a potential upside of 43.13%. Given New Fortress Energy's higher probable upside, analysts clearly believe New Fortress Energy is more favorable than Nextracker.
In the previous week, Nextracker had 12 more articles in the media than New Fortress Energy. MarketBeat recorded 28 mentions for Nextracker and 16 mentions for New Fortress Energy. Nextracker's average media sentiment score of 0.77 beat New Fortress Energy's score of 0.67 indicating that Nextracker is being referred to more favorably in the media.
New Fortress Energy received 63 more outperform votes than Nextracker when rated by MarketBeat users. However, 67.61% of users gave Nextracker an outperform vote while only 55.22% of users gave New Fortress Energy an outperform vote.
Nextracker has a beta of 2.42, indicating that its stock price is 142% more volatile than the S&P 500. Comparatively, New Fortress Energy has a beta of 1.55, indicating that its stock price is 55% more volatile than the S&P 500.
New Fortress Energy has higher revenue and earnings than Nextracker. New Fortress Energy is trading at a lower price-to-earnings ratio than Nextracker, indicating that it is currently the more affordable of the two stocks.
67.4% of Nextracker shares are owned by institutional investors. Comparatively, 58.6% of New Fortress Energy shares are owned by institutional investors. 0.1% of Nextracker shares are owned by company insiders. Comparatively, 37.1% of New Fortress Energy shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
Summary
Nextracker beats New Fortress Energy on 10 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding NXT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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