Nextracker price target raised to $92 from $69 at Barclays

Barclays raised the firm’s price target on Nextracker (NXT) to $92 from $69 and keeps an Overweight rating on the shares. The company’s recent acquisitions provide visibility for continued growth above the overall solar market, the analyst tells investors in a research note. The firm says the deals have increased Nextracker’s share of wallet opportunity by 80%. The company has nearly doubled its share of the U.S. utility-scale solar photovoltaic wallet to 29%, or ~$0.18/W, contends Barclays.