Susquehanna raised the firm’s price target on Nextracker (NXT) to $66 from $54 and keeps a Positive rating on the shares. The firm said they reported 4Q results, with a beat on both revenue and EPS. Bookings grew again in the quarter, and the backlog remains significantly above $4.5B. The company continues to benefit from a flight to quality, as well as from strong demand for its 100% domestic content tracker offerings.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 price target raised to $65 from $55 at BofA
- Nextracker price target raised to $65 from $49 at Piper Sandler
- NEXTracker’s Strategic Positioning and Strong Performance Justify Buy Rating and Increased Price Objective
- NEXTracker Reports Record Revenue and Strategic Expansion
- NEXTracker Announces Board Changes Amid Strong Q4 Results