BofA raised the firm’s price target on Nextracker (NXT) to $66 from $65 and keeps a Buy rating on the shares. The firm is updating its price targets on U.S. Cleantech stocks under its coverage as utility solar demand continues to hold up despite “policy noise,” the analyst tells investors. Overall, development momentum remains intact, and interconnection and transmission remain manageable, the firm states. BofA continues to see Nextracker as best-in-class.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 $76 from $66 at Susquehanna
- Nextracker downgraded to Neutral from Outperform at Mizuho
- Nextracker price target raised to $76 from $67 at Baird
- Charged: Tesla sinks as Elon Musk seeks to form new political party
- Trump Trade: Trump warns of 10% tariff for ‘Anti-American’ BRICS policies