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Nextpower Inc (NXT): New Buy Recommendation for This Technology Giant

Tipranks - Tipranks - Sat May 30, 6:04AM CDT

In a report released today, Philip Shen from Roth MKM reiterated a Buy rating on Nextpower Inc, with a price target of $175.00.

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According to TipRanks, Shen is a 5-star analyst with an average return of 14.0% and a 46.12% success rate. Shen covers the Technology sector, focusing on stocks such as Enphase Energy, SolarEdge Technologies, and Canadian Solar.

In addition to Roth MKM, Nextpower Inc also received a Buy from KeyBanc’s Sophie Karp in a report issued today. However, yesterday, TD Cowen maintained a Hold rating on Nextpower Inc (NASDAQ: NXT).

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Based on Nextpower Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $880.52 million and a net profit of $150.6 million. In comparison, last year the company earned a revenue of $924.34 million and had a net profit of $156.79 million

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