JPMorgan raised the firm’s price target on Nextracker (NXT) to $110 from $92 and keeps an Overweight rating on the shares. The company reported solid fiscal Q2 results above expectations and its book-to-bill was again greater than 1-times, the analyst tells investors in a research note. The firm believes the November 12 analyst day could serve as a share catalyst. It expects details on Nextracker’s long-term strategy, including its non-tracker initiatives.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NXT:
- NEXTracker’s Strong Market Position and Growth Potential Drive Buy Rating
- NEXTracker, Inc. Reports Strong Q2 FY26 Growth
- Nextracker narrows FY26 EPS view to $4.04-$4.25 from $3.96-$4.27
- Nextracker reports Q2 adjusted EPS $1.19, consensus $1.01
- Nextracker Inc options imply 7.8% move in share price post-earnings