Mizuho analyst Maheep Mandloi raised the firm’s price target on Nextracker (NXT) to $51 from $46 and keeps an Outperform rating on the shares. The company reported solid results and increased its profit outlook for fiscal 2025 owing to earnings beat and better structural margins, the analyst tells investors in a research note. The firm says Nextracker continues to be a leader in the tracker industry, and benefits from secular growth in the U.S. and globally.
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