Jon Windham, an analyst from UBS, maintained the Buy rating on NEXTracker, Inc. Class A. The associated price target remains the same with $75.00.
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Jon Windham has given his Buy rating due to a combination of factors, including NEXTracker’s strategic move to acquire Origami Solar, which marks a significant shift in their M&A strategy. This acquisition allows NEXTracker to enter the solar panel frame market, enhancing their position in the supply chain by using 100% U.S. steel, thus aligning with protectionist policies that favor domestic manufacturing.
Additionally, NEXTracker’s history of acquisitions, such as Ojjo, Solar Pile International, and Amir Robotics, demonstrates their commitment to expanding their integrated solar project platform. The company’s potential to benefit from advanced manufacturing tax credits under the One Big Beautiful Bill Act further strengthens their market position, making them a top pick in the industry. These strategic moves and favorable policy environments contribute to Windham’s positive outlook on NEXTracker’s future performance.
According to TipRanks, Windham is a 4-star analyst with an average return of 9.9% and a 55.65% success rate. Windham covers the Industrials sector, focusing on stocks such as Generac Holdings, NuScale Power, and Ameresco.
In another report released on September 3, Robert W. Baird also maintained a Buy rating on the stock with a $82.00 price target.