BofA raised the firm’s price target on Nextpower (NXT) to $102 from $94 and keeps a Buy rating on the shares. The company’s analyst day reinforced the firm’s view that the newly-renamed NextPower is moving from a tracker pure-play to a broader structural, electrical, and digital platform with far more durable earnings power, the analyst tells investors. The $4.8B-$5.6B FY30 outlook is supported by products already in commercialization and entering pilots, “not aspirational adjacencies,” the analyst added.
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