Why Nextracker Stock Surged Over 25% Today
Shares of solar company Nextracker (NASDAQ: NXT) are soaring today. The provider of integrated solar trackers that follow the sun's movement reported fiscal third-quarter earnings results and raised its 2025 fiscal year profit outlook.
That led to the stock surging as much as 26.2% and pushed analysts to raise price targets on the shares. As of 11:20 a.m. ET, Nextracker stock remained higher by 21.9%.
Nextracker's intelligent solar trackers optimize the performance of commercial solar plants. The company reported robust demand across its global footprint. Its equipment operates in solar plants in over 40 countries, and the company has a record project backlog.
Source Fool.com
