Movement Alert|Nextpower Rises 6.11% in Regular Trading, Guggenheim Upgrades Rating to Buy With $125 Target

Market Focus07-15

On July 15, Nextpower rose 6.11% in regular trading, trading at 112.45 USD/share, with Turnover of $17.24 million.

On the news front, Guggenheim upgraded Nextpower from Neutral to Buy, setting a price target of $125. According to FactSet, Nextpower carries an average analyst rating of overweight with a mean price target of $155.10. The upgrade follows the company's decision to raise its fiscal 2027 revenue outlook to $4.0 billion–$4.4 billion, exceeding the prior FactSet consensus estimate of $4.0 billion.

The positive momentum also builds on a series of strategic developments, including the planned acquisition of Prevalon Energy for up to $365 million to enter the battery energy storage and AI data center markets, and the recently announced $330 million acquisition of Germany-based Zimmermann PV-Steel to expand its international solar footprint across 15 new country markets.

Nextpower is a global leader in solar tracking systems and energy technology solutions for utility-scale power plants, with operations spanning the US, Brazil, Europe, India, Australia, the Middle East, and Africa.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment