Roth Capital raised the firm’s price target on Nextracker (NXT) to $120 from $100 and keeps a Buy rating on the shares. Expectations were quite high heading into Q2, and the company delivered “strong bookings” of over $1.15B vs. buy-side consensus of $890M, the analyst tells investors in a research note. The bookings were supported by safe harbor activity, though the firm also sees potential for the strength to continue given its recent checks, Roth added.
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