Truist raised the firm’s price target on Nextracker (NXT) to $54 from $50 and keeps a Buy rating on the shares after its Q2 earnings beat. The company continues to set the high bar for the utility scale sector, breezing by the plethora of headwinds facing others in the space while further extending the value proposition of its tracker products, the analyst tells investors in a research note.
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Read More on NXT:
- Nextracker price target lowered to $53 from $71 at Baird
- Nextracker Reports Strong Q2 FY25 Financial Results
- Closing Bell Movers: Microsoft, Meta both down about 3% despite earnings beats
- Nextracker raises FY25 EPS view to $3.10-$3.30 from $2.89-$3.09
- Nextracker reports Q2 adjusted EPS 97c, consensus 60c
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