BofA raised the firm’s price target on Nextracker to $66 from $64 and keeps a Buy rating on the shares. Nextracker previously reported a $4B record backlog with bookings of $1B-plus, reflective of strong underlying demand, notes the firm, which sees “more than a palatable entry point for an outsized, idiosyncratic and margin expansion story” going into the Q1 print from the solar tracking company.
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