Nextpower upgraded to Outperform at Northland on electricity demand

As previously reported, Northland analyst Gus Richard upgraded Nextpower (NXT) to Outperform from Market Perform with a price target of $111, up from $89. The firm expects electricity demand to increase for the first time in decades and contends that utility-scale solar is the cheapest and fastest way to increase electricity production. In that context, it highlights Nextpower expanding its product portfolio and sees it “increasingly providing a one-stop shop for solar development.”