NXT Stock Recent News

So far in 2023, 146 companies have gone public in the U.S. markets, down 16.09% from the same time last year. Although the IPO market has been choppy amid higher interest rates and broad equity market uncertainty, the new companies as a whole have outperformed the S&P 500.

Nextracker's shares have performed well since its IPO in February, benefiting from a strong earnings report and a positive outlook. The company's former parent company, Flex, plans to divest all of its shares in Nextracker, which raises caution in the near term. NXT has seen success as a publicly listed company, but the current headwinds in the solar industry may impact its future performance.

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT) will announce its second quarter fiscal 2024 financial results after the market closes on Wednesday, October 25, 2023. The company will hold a conference call to discuss the results on the same day at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Q2 FY2024 Earnings Call October 25, 2023 1:30 p.m. PT / 4:30 p.m. ET Live webcast available on investors.nextracker.com The webcast replay, along with supporting materials, will be available.

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Nextracker is an attractive investment within the cleantech thematic, boasting a global fleet of productive infrastructure and heavy institutional ownership. The company provides solar tracker solutions and software for large-scale solar power installations, with a global network of partners. A buy rating is supported by regulatory tailwinds and projected industry growth, as well as positive financial performance and sentiment.

Initial public offering (IPO) is the stock issuance process onto the public market. There are a few different methods by which a company will first become listed on a stock exchange.

Nextracker (NXT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Nextracker (NXT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT) will announce its first quarter fiscal 2024 financial results after the market closes on Wednesday, July 26, 2023. The company will hold a conference call to discuss the results on the same day at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). The live webcast presentation will be available on the Nextracker Investor Relations (IR) website located at investors.nextracker.com. The webcast replay, along with supporting materials, will b.

It has been a tough, quiet year in the market for initial public stock offerings (IPOs) which has investors eagerly searching for high potential IPOs. In the global IPO landscape, the first quarter of 2023 witnessed a total of 299 IPOs, raising an amount of $21.5 billion.