GLJ Research initiated coverage of Nextpower (NXT) with a Buy rating and $147.33 price target The firm believes the utility-scale solar market is “rapidly concentrating into a handful of tier-1 developers.” Nextpower is “one of the only vendors with the execution capability to consolidate their SKUs vertically,” the analyst tells investors in a research note.
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Read More on NXT:
- Nextpower management to meet virtually with KeyBanc
- Nextpower enters multi-year supply agreement with JinkoSolar
- Nextpower Inc. Faces Intensifying Solar Tech Disruption Risk as R&D Race Accelerates
- Nextpower price target raised to $119 from $109 at Deutsche Bank
- Nextpower price target raised to $115 from $108 at Barclays