- Nextracker selected for Europe's largest solar park in Greece, solidifying its market presence.
- Analysts predict a potential 9.23% upside on Nextracker shares.
- Current brokerage consensus rates Nextracker as "Outperform."
Nextracker (NXT, Financial) has secured a pivotal role in Europe's energy transition by being the chosen supplier for its NX Horizon solar trackers in the 550 MW Oricheio PPC Ptolemaida solar park. This significant project, under the ownership of PPC Group, is set to contribute an impressive 1.8% to Greece's annual electricity production once completed. Such a milestone not only underscores Nextracker's capabilities but also aligns with global sustainability trends.
Wall Street Analysts Forecast
Delving into the stock analysis, the one-year price targets set by 23 seasoned analysts provide a comprehensive view of Nextracker Inc (NXT, Financial)'s potential. The average target price stands at $62.55, with estimates ranging from a high of $76.00 to a low of $35.56. Notably, this average target implies a potential upside of 9.23% from the current trading price of $57.26. For those seeking more in-depth data, further insights are available on the Nextracker Inc (NXT) Forecast page.
Moreover, the consensus recommendation from 25 brokerage firms positions Nextracker Inc (NXT, Financial) with an average rating of 2.0, categorizing it as "Outperform." This scale ranges from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Sell. Such endorsement reflects a positive sentiment within the investment community, enhancing Nextracker's appeal to potential investors.
