Roth Mkm began coverage on shares of Nextracker (NASDAQ:NXT – Get Rating) in a research report sent to investors on Monday, Briefing.com reports. The firm issued a buy rating and a $45.00 price objective on the stock.
A number of other equities research analysts also recently issued reports on NXT. Cantor Fitzgerald assumed coverage on Nextracker in a research report on Friday. They set an overweight rating and a $40.00 price target on the stock. Roth Capital began coverage on Nextracker in a report on Monday. They set a buy rating and a $45.00 price objective on the stock. Barclays began coverage on Nextracker in a research report on Monday. They set an overweight rating and a $42.00 target price for the company. Credit Suisse Group began coverage on Nextracker in a research report on Monday. They issued an outperform rating and a $36.00 price objective for the company. Finally, Mizuho assumed coverage on Nextracker in a research note on Monday. They issued a buy rating and a $40.00 target price for the company. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $40.00.
Nextracker Stock Performance
NASDAQ:NXT opened at $32.45 on Monday. Nextracker has a 12-month low of $28.51 and a 12-month high of $34.84.
About Nextracker
Nextracker Inc is a provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar power plants. Nextracker Inc is based in SAN JOSE, Calif.
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