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Nextracker Inc. reports strong earnings, facing mixed investor sentiment as shares fluctuate.
Nextracker Inc., a solar solutions company, saw Mitsubishi UFJ Asset Management Co. reduce its stake by 8.4%, while Norges Bank increased its holdings by purchasing nearly $106 million worth of shares.
Nextracker reported strong earnings, exceeding analyst expectations, and currently has a market cap of $6.27 billion.
Despite a recent drop in share prices, the stock has a "Moderate Buy" rating with a target price of $56.14.
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Nextracker Inc. reporta fuertes ganancias, enfrentando sentimientos mixtos de los inversores a medida que fluctúan las acciones.