Susquehanna raised the firm’s price target on Nextracker (NXT) to $66 from $54 and keeps a Positive rating on the shares. The firm said they reported 4Q results, with a beat on both revenue and EPS. Bookings grew again in the quarter, and the backlog remains significantly above $4.5B. The company continues to benefit from a flight to quality, as well as from strong demand for its 100% domestic content tracker offerings.
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Read More on NXT:
- Nextracker price target raised to $65 from $55 at BofA
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