Nextracker Inc. (NASDAQ:NXT – Get Rating) has been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $40.00.
NXT has been the topic of several analyst reports. Scotiabank started coverage on Nextracker in a research note on Monday. They issued a “sector outperform” rating and a $38.00 price objective on the stock. Truist Financial began coverage on shares of Nextracker in a research report on Monday. They set a “buy” rating and a $40.00 price target for the company. Cantor Fitzgerald initiated coverage on Nextracker in a research report on Friday, March 3rd. They set an “overweight” rating and a $40.00 price target for the company. BNP Paribas began coverage on Nextracker in a report on Monday. They issued an “outperform” rating for the company. Finally, Credit Suisse Group initiated coverage on Nextracker in a research note on Monday. They set an “outperform” rating and a $36.00 price target for the company.
Nextracker Stock Down 3.6 %
Shares of NASDAQ NXT opened at $32.72 on Monday. Nextracker has a 1 year low of $28.51 and a 1 year high of $34.85.
Nextracker Company Profile
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.
Further Reading
- Get a free copy of the StockNews.com research report on Nextracker (NXT)
- META Platforms May See its Biggest Opening Yet for New Highs
- Penny Stock Vinco Ventures Could Be Big Winner
- Is Chip Design Specialist Synopsys A Gem Hiding In Plain Sight?
- Should You Park Some Capital with Casey’s General Stores?
- Crowdstrike Stock: While The Iron Is Hot!
Receive News & Ratings for Nextracker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nextracker and related companies with MarketBeat.com's FREE daily email newsletter.
