Nextracker rises after Jefferies raises PT

Nextpower

29/09/2025 12:08

** Shares of solar tracking equipment maker Nextracker NXT.O rise nearly 2% to about $74.5 in premarket trading, after Jefferies raises PT to $84 from $74

** New PT represents a 15% premium on stock's last close

** PT raise follows co's purchase of steel frame technology company Origami Solar on September 8

** "Since Origami is also a steel-concentrated solution, it could be a material part of revenues over time" - Jefferies

** Brokerage says NXT has historically consistently outperformed and raised estimates despite a slowing utility scale sector

** Says the management sees potential for cross-selling into existing tracker backlog, which could provide material upside

** 19 of 27 brokerages rate the stock "buy" or higher and eight "hold"; their median PT is $71.5 - according to data compiled by LSEG

** As of last close, shares up about 100% YTD

 (Reporting by Parth Chandna)

 ((Parth.Chandna@thomsonreuters.com;))