Nextracker price target raised to $60 from $45 at Roth MKM

Roth MKM analyst Philip Shen raised the firm’s price target on Nextracker to $60 from $45 and keeps a Buy rating on the shares. The company saw a “strong” earnings beat with robust bookings in Q1, along with much stronger than expected margins, the analyst tells investors in a research note. Nextracker continues to win market share and the strength should continue, the firm added.