** Northland resumes coverage of solar tracking equipment maker Nextracker NXT.O with "outperform" rating
** Brokerage says utility-scale solar energy cost lower than fossil fuels in most places
** Northland says cloud service providers prioritizing clean energy is driving solar energy demand
** "The cost of energy storage systems is decreasing and increasing the utility of solar power," says Northland
** Brokerage sets PT at $48, a ~28.2% upside to stock's last close
** Twenty-two of 28 brokerages rate the stock "buy" or higher, 6 "hold"; their median PT is $55 - LSEG data
** Including session's moves, stock down ~20.3% YTD
(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.srivastava2@thomsonreuters.com))
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