Nextracker (NASDAQ:NXT) Sets New 12-Month Low at $28.24

Nextracker Inc. (NASDAQ:NXTGet Rating)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $28.24 and last traded at $28.69, with a volume of 326097 shares trading hands. The stock had previously closed at $29.61.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NXT shares. Credit Suisse Group assumed coverage on shares of Nextracker in a research note on Monday, March 6th. They set an “outperform” rating and a $36.00 target price on the stock. Roth Capital reaffirmed a “buy” rating and issued a $45.00 target price on shares of Nextracker in a research report on Monday, March 6th. Cantor Fitzgerald initiated coverage on Nextracker in a report on Friday, March 3rd. They issued an “overweight” rating and a $40.00 price target on the stock. KeyCorp started coverage on Nextracker in a report on Monday, March 6th. They set a “sector weight” rating for the company. Finally, Barclays assumed coverage on Nextracker in a report on Monday, March 6th. They issued an “overweight” rating and a $42.00 target price on the stock. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Nextracker has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Nextracker Stock Down 1.8 %

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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