Baird lowered the firm’s price target on Nextracker (NXT) to $48 from $59 and keeps an Outperform rating on the shares as part of a Q1 earnings preview. The firm believes sustainable energy and mobility outlooks for Q2 and the second half of 2025 will likely be “muted” given the uncertainty in global markets. Baird’s best ideas for the year remain Bloom Energy (BE) and MP Materials (MP) and it is a buyer of Itron (ITRI) into the quarter. The firm also remains constructive on First Solar (FSLR).
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