Roth Capital raised the firm’s price target on Nextracker (NXT) to $100 from $80 and keeps a Neutral rating on the shares ahead of the fiscal Q2 report. The firm thinks Nextracker could post another strong bookings quarter. The company’s core tracker business should continue to outperform while the tangential business lines generate investor interest, the analyst tells investors in a research note. Roth sees Nextracker’s upcoming capital markets day as a potential positive catalyst for the shares.
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