Mizuho analyst Maheep Mandloi raised the firm’s price target on Nextracker (NXT) to $67 from $60 and keeps an Outperform rating on the shares. The firm’s analysis of the House’s “One Big Beautiful Bill,” supplemented by channel checks, suggests the renewable energy outlook “is less dire than consensus fears.” Most utility-scale renewable projects retain economic viability through grandfathered credits until 2028, and strong demand beyond that as renewables are still the cheapest option, the analyst tells investors in a research note. Mizuho anticipates limited Senate modifications. It revised price targets across for the bill scenarios. The firm’s top pick is First Solar (FSLR).
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NXT:
- Strategic Acquisitions and Innovations Drive NEXTracker’s Buy Rating Amid Market Uncertainties
- Nextracker expands operations in India with new office, facility
- Solar Stocks Bounce Back as Senate Disagrees with Clean Energy Cuts
- Navigating AI Challenges: NEXTracker’s Struggle with Emerging Risks and Regulations
- Nextracker Inc put volume heavy and directionally bearish
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue