UBS analyst Jon Windham raised the firm’s price target on Nextracker (NXT) to $110 from $75 and keeps a Buy rating on the shares. Nextracker is well-positioned as a market-leading provider of solar hardware equipment, allowing the company to capture greater relative share of 45X advanced manufacturing tax credits to fund further solar industry consolidation and potential expansion into tangential product lines, the analyst tells investors in a research note.
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