RBC Capital Starts Nextracker Inc (NXT) at Outperform

RBC Capital analyst Christopher Dendrinos initiates coverage on Nextracker Inc (NASDAQ: NXT) with a Outperform rating and a price target of $55.00.

The analyst comments: "We are initiating coverage on NXT with an Outperform rating and a $55 price target. NXT has built a track record for continued operational improvement and has made structural enhancements the past few years that are resulting in more favorable cost absorption. The company's unique product design can reduce overall system cost and its industry leading software (TrueCapture) can be a significant value add for customers. We believe there is upside to FY26/27 consensus estimates and believe a valuation premium to peers is warranted given the strength of the balance sheet and FCF opportunity."

For an analyst ratings summary and ratings history on Nextracker Inc click here. For more ratings news on Nextracker Inc click here.

Shares of Nextracker Inc closed at $44.31 yesterday.

You May Also Be Interested In