Guggenheim analyst Joseph Osha raised the firm’s price target on Nextracker (NXT) to $62 from $50 and keeps a Buy rating on the shares following the release of December quarter earnings. The demand environment is developing as expected, but Nextracker’s ability to deliver higher margins via cost reductions has exceeded the firm’s estimates, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NXT:
- Nextracker price target raised to $59 from $53 at Baird
- Nextracker price target raised to $50 from $47 at Piper Sandler
- Nextracker upgraded to Overweight from Equal Weight at Barclays
- Barclays upgrades Nextracker to Overweight on ‘flawless execution’
- Nextracker, Inc. Reports Robust Growth and Strong Backlog