Why Nextracker Stock Skyrocketed Today
The sun was shining brightly on solar industry technology specialist Nextracker's (NASDAQ: NXT) stock on Thursday. After the company crushed analyst estimates in its latest quarterly-earnings report, satisfied investors pushed its share price up by nearly 12%, obliterating the S&P 500 index's 0.4% increase.
After market hours Wednesday, Nextracker published its fourth quarter of fiscal 2025 figures, and it's little wonder the market was impressed. The company's revenue zoomed 25% higher on a year-over-year basis to hit $924 million. That, however, included advanced manufacturing, tax-credit vendor rebates of $75 million that were not accounted for in fiscal 2024's Q4.
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Source Fool.com
