Wells Fargo lowered the firm’s price target on Nextracker (NXT) to $69 from $70 and keeps an Overweight rating on the shares. The firm is negative on the Clean Energy sector in 2025 given IRA/political uncertainty and high interest rates. While the sector has traded off, investors may stay away until there’s clarity on regulatory and macro headwinds, Wells argues. Nextracker is one of the firm’s top picks in the space.
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