Nextracker price target raised to $60 from $51 at Mizuho

Mizuho analyst Maheep Mandloi raised the firm’s price target on Nextracker (NXT) to $60 from $51 and keeps an Outperform rating on the shares. Management continues its non-tracker investments with a target of one-third non-solar sales in next five years, the analyst tells investors in a research note. The firm says the company’s solar operations are doing well, with “yet another quarter of a beat and raise print, despite potential tariff challenges.”