Barclays lowered the firm’s price target on Nextracker to $58 from $60 and keeps an Overweight rating on the shares. Rising steel prices may provide some upside for Array (ARRY) but likely not for Nextracker (NXT), the analyst tells investors in a research note. The firm believes retaliatory tariffs have minimal direct impact, but could materialize in pushouts for both as developers re-run economics.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NXT:
- 3 Value Stocks to Buy amid Trump’s Tariff Turmoil, 4/9/2025, According to Analysts
- Reddit initiated, Netflix upgraded: Wall Street’s top analyst calls
- Nextracker initiated with an Outperform at RBC Capital
- Charged: Morgan Stanely reinstates Tesla as ‘Top Pick’ in U.S. autos
- Seaport downgrades Array Technologies on ‘anemic comeback progress’