Nextpower (NXT) PT Lowered to $101 at Mizuho

Mizuho analyst Maheep Mandloi lowered the price target on Nextpower (NASDAQ: NXT) to $101.00 (from $111.00) while maintaining a Neutral rating.

The analyst comments "We reduce our PT 9% to $101 as we now assume a slower margin ramp towards low 20s target, partially offset by higher 45X income from inverter business. Our FY30 EBITDA margin goes to 22% from 23% vs '25 AD guidance for the low 20s. Nonetheless, we estimate FY30 rev/EBITDA above consensus driven by non-tracker growth and higher 45X contribution. We also believe FY27 guidance is conservative and could see outperformance from higher solar tracker margins given limited surprise in freight and tariffs since the last earnings call. Our Neutral rating is unchanged."

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