Goldman Sachs Maintains Buy Rating for NEXTracker: Here's What You Need To Know

Goldman Sachs has decided to maintain its Buy rating of NEXTracker NXT and raise its price target from $62.00 to $70.00.

Shares of NEXTracker are trading down 1.59% over the last 24 hours, at $55.60 per share.

A move to $70.00 would account for a 25.9% increase from the current share price.

About NEXTracker

Nextracker (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextracker's products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. Nextracker has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.