As previously reported, Guggenheim upgraded Nextracker (NXT) to Buy from Neutral with a $74 price target The firm believe that Friday’s safe-harbor clarifications from the IRS were “good news for tracker suppliers,” the analyst tells investors. Of all the energy transition subsectors impacted by Friday’s surprise release of updated safe-harbor rules, the fimr thinks that tracker companies are “positioned to benefit the most,” the analyst added.
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