Nextpower (NXT) PT Lowered to $131 at Jefferies

Jefferies analyst Julian Dumoulin-Smith lowered the price target on Nextpower (NASDAQ: NXT) to $131.00 (from $138.00) while maintaining a Buy rating.

The analyst comments "We expect a guidance raise, but note sell-side and JEFe already at potential guide levels. New Section 232 could pose headwinds on margins, but supplychain domestication and IEEPA reversal could partially offset. Stock has sold off MTD, potentially level setting mgmt hitting elevated expectations but being cautious on margin guide. We lower topline slightly, but still MSD above cons, with margins in low 30%s, 25bps below cons. Reit BUY, PT $131.00."

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