Bank of America upgraded shares of Nextracker (NASDAQ:NXT – Get Rating) from a neutral rating to a buy rating in a research report report published on Wednesday, Marketbeat Ratings reports. The firm currently has $40.00 price objective on the stock, up from their previous price objective of $36.00.

Other analysts have also recently issued research reports about the stock. KeyCorp started coverage on shares of Nextracker in a research note on Monday, March 6th. They issued a sector weight rating for the company. Roth Capital reiterated a buy rating and issued a $45.00 price target on shares of Nextracker in a research note on Monday, March 6th. Cantor Fitzgerald assumed coverage on shares of Nextracker in a research note on Friday, March 3rd. They issued an overweight rating and a $40.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Nextracker in a research report on Monday, March 6th. They issued an overweight rating and a $42.00 price objective on the stock. Finally, Scotiabank assumed coverage on shares of Nextracker in a research report on Monday, March 6th. They issued a sector outperform rating and a $38.00 price objective on the stock. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $40.42.

Nextracker Trading Up 3.1 %

Shares of NXT opened at $33.54 on Wednesday. Nextracker has a 12 month low of $28.24 and a 12 month high of $35.10.

About Nextracker

(Get Rating)

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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