Nextpower Shares Slip After Analyst Lowers Target Amid Rapid Acquisition Pace
Nextpower Inc. shares dropped about 4.2% in mid-day trading to $108.38 after Jefferies reduced its price target and investors expressed concern over the company's fast-moving acquisition strategy. The analyst cut comes as Nextpower announced a $378 million purchase of Germany's Zimmermann PV-Steel Group following a $365 million acquisition of Preva…