Nextracker Rockets 11.75% on Guggenheim Upgrade and IRS Rule Clarity, $430M Volume Ranked 212th

On August 18, 2025, Nextracker (NASDAQ:NXT) surged 11.75% with a trading volume of $430 million, ranking 212th in market activity. The rally followed a Guggenheim upgrade to Buy with a $74 price target, citing IRS rule changes that clarify tax credit eligibility for solar tracker manufacturers. The revised safe-harbor guidelines explicitly recognize on-site racking installation as qualifying work, directly benefiting Nextracker’s core business. Analysts highlighted the firm’s domestic supply chain advantages amid Foreign Entity of Concern (FEOC) regulatory scrutiny, which could favor U.S.-based suppliers.

Recent earnings reinforced investor optimism, with Nextracker reporting $864.3 million in revenue and $1.16 EPS, surpassing estimates. The company also announced a strategic AI and robotics initiative, including $40 million in technology acquisitions, and secured a 1.5 GW solar tracker contract in Brazil. Analysts from Roth Capital, UBS, and Barclays raised price targets, reflecting confidence in expanded EBITDA guidance and FY2026 projections. These developments underscore Nextracker’s market positioning in the renewable energy sector amid evolving policy frameworks.

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