Piper Sandler lowered the firm’s price target on Nextracker (NXT) to $49 from $50 and keeps an Overweight rating on the shares. During the upcoming earnings update, investor focus will likely surround tariff implications, annual backlog disclosures, and 2026 guidance, the firm says. Broadly, Nextracker has been transitioning toward a local supply chain; accordingly, Piper expects less direct tariff risk to the company.
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