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NEXTracker’s Strategic Positioning and Strong Performance Justify Buy Rating and Increased Price Objective

NEXTracker’s Strategic Positioning and Strong Performance Justify Buy Rating and Increased Price Objective

In a report released today, Dimple Gosai from Bank of America Securities reiterated a Buy rating on NEXTracker, Inc. Class A (NXTResearch Report), with a price target of $65.00.

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Dimple Gosai has given his Buy rating due to a combination of factors that highlight NEXTracker’s strong performance and strategic positioning. The company has shown robust execution capabilities, with a solid backlog that provides a buffer against policy uncertainties, such as those posed by the GOP draft reconciliation bill. This positions NEXTracker favorably as it enters FY26 with significant visibility despite broader market uncertainties.
NEXTracker’s recent acquisition of Bentek aligns with its strategy to diversify revenue streams by expanding into non-tracker products, which is expected to enhance long-term growth. The company’s financial performance has been strong, with a notable revenue and EBITDA beat, and a conservative guidance that reflects potential risks but is supported by a strong backlog and U.S. manufacturing base. These elements, along with the strategic acquisition and operational resilience, underpin the Buy rating and the increased price objective of $65.

Gosai covers the Technology sector, focusing on stocks such as First Solar, SolarEdge Technologies, and Array Technologies. According to TipRanks, Gosai has an average return of -6.0% and a 50.00% success rate on recommended stocks.

In another report released yesterday, Roth MKM also reiterated a Buy rating on the stock with a $70.00 price target.

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