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New Buy Rating for Nextpower Inc (NXT), the Technology Giant

Tipranks - Tipranks - Sat May 30, 6:36AM CDT

J.P. Morgan analyst Mark Strouse maintained a Buy rating on Nextpower Inc today and set a price target of $174.00.

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According to TipRanks, Strouse is a 5-star analyst with an average return of 15.3% and a 51.93% success rate. Strouse covers the Technology sector, focusing on stocks such as Itron, Nextpower Inc, and Array Technologies.

In addition to J.P. Morgan, Nextpower Inc also received a Buy from Jefferies’s Julien Dumoulin Smith 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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