Nextracker price target raised to $100 from $80 at Roth Capital

Roth Capital raised the firm’s price target on Nextracker (NXT) to $100 from $80 and keeps a Buy rating on the shares. The firm sees the potential for Nextracker to deliver another strong quarter of bookings with the structural gross margins of low-thirties narrative intact, the analyst tells investors in a research note. The upcoming Capital Markets Day could serve as a positive catalyst, Roth adds.