Northland Securities analyst Donovan Schafer CFA maintained a Buy rating on NEXTracker, Inc. Class A (NXT – Research Report) today and set a price target of $60.00. The company’s shares closed yesterday at $45.27.
Schafer CFA covers the Technology sector, focusing on stocks such as FTC Solar, Array Technologies, and Shoals Technologies Group. According to TipRanks, Schafer CFA has an average return of -22.5% and a 24.47% success rate on recommended stocks.
NEXTracker, Inc. Class A has an analyst consensus of Strong Buy, with a price target consensus of $59.75, which is a 31.99% upside from current levels. In a report released today, Bank of America Securities also maintained a Buy rating on the stock with a $53.00 price target.
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NXT market cap is currently $6.55B and has a P/E ratio of 35.16.
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NEXTracker, Inc. Class A (NXT) Company Description:
NEXTracker Inc provides integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed solar generation projects worldwide. Nextracker’s products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. It generates revenue from selling solar trackers, such as NX Horizon and NX Gemini, and from licensing TrueCapture software products.
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