Why Nextracker Stock Skyrocketed Today
From Yahoo Finance: 2025-05-15 17:02:00
Nextracker’s stock soared nearly 12% after beating analyst estimates in its latest quarterly report. Revenue for Q4 of fiscal 2025 jumped 25% to $924 million, with adjusted net income up 36% to $193 ($1.29 per share), exceeding analyst expectations of $766 million and $0.73 per share.
The company attributes its strong performance to high global demand for solar solutions. Nextracker acquired Bentek Corporation for $78 million in cash and provided guidance for fiscal 2026, expecting revenue of $3.2 billion to $3.4 billion and adjusted net income of $3.65 to $4.03 per share.
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