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NEXTracker Enters New Credit Agreement with PNC Bank

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NEXTracker Enters New Credit Agreement with PNC Bank

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NEXTracker, Inc. Class A ( (NXT) ) just unveiled an announcement.

On September 8, 2025, Nextracker Inc. and its subsidiary Nextracker LLC entered into a new credit agreement with PNC Bank, replacing their existing credit agreement with JPMorgan Chase Bank. The previous agreement, which provided a $500 million revolving credit facility, was voluntarily terminated without any penalties, and no funds were drawn from it as of the termination date.

The most recent analyst rating on (NXT) stock is a Buy with a $82.00 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. receives a strong overall score driven by its robust financial performance and positive earnings call sentiment. The technical analysis supports a bullish outlook, while the valuation remains reasonable. Despite some challenges, the company’s strategic initiatives and market leadership position it well for future growth.

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

More about NEXTracker, Inc. Class A

Average Trading Volume: 2,479,135

Technical Sentiment Signal: Buy

Current Market Cap: $10.38B

Find detailed analytics on NXT stock on TipRanks’ Stock Analysis page.

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