Nextracker price target raised to $92 from $77 at JPMorgan

JPMorgan raised the firm’s price target on Nextracker (NXT) to $92 from $77 and keeps an Overweight rating on the shares. The firm increased targets in the clean energy space ahead of the Q3 reports. The utility-scale solution providers remain best positioned while residential players are likely more mixed, the analyst tells investors in a research note. JPMorgan prefers stocks with exposure to U.S.-based manufacturing, diversified end markets, and long-term cash flow visibility.