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 superior investment? We will compare the two businesses based on the strength of their analyst recommendations, community ranking, institutional ownership, profitability, earnings, dividends, risk, valuation and media sentiment.
Nextracker presently has a consensus target price of $58.52, suggesting a potential upside of 32.40%. New Fortress Energy has a consensus target price of $38.00, suggesting a potential upside of 42.22%. Given New Fortress Energy's higher probable upside, analysts plainly believe New Fortress Energy is more favorable than Nextracker.
New Fortress Energy has a net margin of 17.90% compared to Nextracker's net margin of 12.25%. New Fortress Energy's return on equity of 31.34% beat Nextracker's return on equity.
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 stock will outperform the market over the long term.
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.
New Fortress Energy has lower revenue, but higher 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.
In the previous week, Nextracker had 31 more articles in the media than New Fortress Energy. MarketBeat recorded 39 mentions for Nextracker and 8 mentions for New Fortress Energy. New Fortress Energy's average media sentiment score of 0.95 beat Nextracker's score of 0.57 indicating that New Fortress Energy is being referred to more favorably in the news media.
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.
Summary
Nextracker beats New Fortress Energy on 11 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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