UBS analyst Jon Windham raised the firm’s price target on Nextracker (NXT) to $125 from $110 and keeps a Buy rating on the shares. UBS views the Q3 results as indicative of Nextracker’s ability to quickly scale its newly acquired businesses to capture additional solar project wallet share, the analyst tells investors in a research note.
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- NEXTracker, Inc.: Strategic Expansion and Growth Potential Justify Buy Rating and Raised Price Target
- Nextracker price target raised to $109 from $72 at Wells Fargo
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- Nextracker price target raised to $125 from $89 at Goldman Sachs
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