Baird lowered the firm’s price target on Nextracker (NXT) to $53 from $71 and keeps an Outperform rating on the shares. The firm said they beat across the board for a second consecutive quarter with strong backlog growth and a guidance raise for adusted EBITDA and adjusted EPS.
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Read More on NXT:
- Nextracker Reports Strong Q2 FY25 Financial Results
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- 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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