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Nextracker price target raised to $61 from $55 at Northland

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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