Craig-Hallum analyst Christian Schwab maintained a Buy rating on NEXTracker, Inc. Class A (NXT – Research Report) today. The company’s shares closed last Friday at $42.25.
According to TipRanks, Schwab is a 5-star analyst with an average return of 16.7% and a 60.60% success rate. Schwab covers the Technology sector, focusing on stocks such as Infinera, Aehr Test Systems, and Entegris.
Currently, the analyst consensus on NEXTracker, Inc. Class A is a Strong Buy with an average price target of $62.08, representing a 46.93% upside. In a report released on April 29, Scotiabank also maintained a Buy rating on the stock with a $50.00 price target.
NXT market cap is currently $6.11B and has a P/E ratio of 25.25.
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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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