Nextracker price target lowered to $60 from $65 at HSBC

HSBC lowered the firm’s price target on Nextracker to $60 from $65 and keeps a Buy rating on the shares. The company reported “strong” Q4 results and its and its fiscal 2025 guidance “looks well supported,” the analyst tells investors in a research note. The firm says that as solar panel prices continue to fall, it sees strong growth for utility-scale solar globally, underlining Nextracker’s growth prospects in the U.S. and in international markets.