Northland raised the firm’s price target on Nextracker (NXT) to $61 from $55 and keeps an Outperform rating on the shares after the company “crushed Q4” as the utility scale solar market remains resilient. The firm notes that its FY27 EPS estimate is $4.06 on $3.52B in projected revenue.
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Read More on NXT:
- Nextracker downgraded to Equal-Weight from Outperform at Fox Advisors
- NEXTracker, Inc. Class A: Balancing Record Growth with International Expansion and Legislative Risks
- Nextracker price target raised to $60 from $51 at Mizuho
- Nextracker price target raised to $66 from $54 at Susquehanna
- Nextracker price target raised to $65 from $55 at BofA