Welcome to our dedicated page for Flex Ltd. Ordinary Shares news (Ticker: $FLEX), a resource for investors and traders seeking the latest updates and insights on Flex Ltd. Ordinary Shares stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Flex Ltd. Ordinary Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Flex Ltd. Ordinary Shares's position in the market.
Rhea-AI Summary
Nextracker (NXT) to provide NX Horizon-XTR™ solar tracker for 1.17 GW Al Kahfah Solar Power Plant in Saudi Arabia. The project aims to advance the National Renewable Energy Program, with ACWA Power and Larsen & Toubro as key partners. The smart solar tracking system will enhance energy yield while minimizing environmental impact on the project site.
Rhea-AI Impact
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End-of-Day
-1.66%
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Nextracker (Nasdaq: NXT) will present at investor conferences including Bank of America 2024 Power, Utilities and Clean Energy Conference, ROTH Conference, and Piper Sandler Energy Conference. Webcasts and replays will be accessible on Nextracker's IR website.
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Rhea-AI Sentiment
End-of-Day
-1.66%
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Rhea-AI Summary
Nextracker (Nasdaq: NXT) has delivered over 600 projects in its distributed generation portfolio, with its NX Horizon™ solar tracker systems driving significant energy gains. The company has entered into agreements with channel partners to support its global ecosystem of DG solar infrastructure. The partnerships aim to enable customers to scale their DG projects more rapidly in the commercial and industrial segment, addressing the smaller utility-scale market and DG solar power generation applications typically under 30 megawatts.
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End-of-Day
1.41%
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Nextracker (NXT) achieved record revenue and profits in Q3 FY2024, with revenue reaching $710 million, up 38% YoY, and GAAP net income of $128 million. The company also raised its FY24 guidance, projecting revenue of $2.425 billion to $2.475 billion and GAAP net income of $374 million to $429 million. Nextracker's strong execution, significant revenue growth, and supply chain optimization contributed to a high-quality balance sheet with total liquidity of approximately $800 million.
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Rhea-AI Sentiment
End-of-Day
5.48%
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Flex (FLEX) announced strong third-quarter fiscal year 2024 results with net sales of $7.1 billion, GAAP operating income of $348 million, and adjusted operating income of $477 million. The company's CEO, Revathi Advaithi, highlighted strong execution and market positioning. Fourth-quarter guidance was provided, excluding economic interest in Nextracker, with revenue projected at $5.8 billion to $6.4 billion and GAAP EPS at $0.38 to $0.48. Fiscal year 2024 guidance was updated, with projected revenue of $27.7 billion to $28.3 billion and adjusted EPS of $2.47 to $2.57. The completion of the spin-off of remaining interest in Nextracker to Flex shareholders was also reported.
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Rhea-AI Sentiment
End-of-Day
5.48%
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Rhea-AI Summary
Nextracker (NXT) will release its Q3 FY2024 financial results on January 31, 2024, followed by a conference call at 1:30 p.m. PT / 4:30 p.m. ET. The live webcast will be available on investors.nextracker.com, with a replay and supporting materials accessible on the Nextracker IR website.
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Rhea-AI Sentiment
End-of-Day
0.08%
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Flex (NASDAQ: FLEX) to announce third quarter fiscal 2024 financial results on January 31, 2024. Conference call to discuss the results will be held at 1:30 p.m. Pacific Time.
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Rhea-AI Sentiment
End-of-Day
0.08%
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Flex (NASDAQ: FLEX) completes spin-off of Nextracker Inc. (NASDAQ: NXT), distributing approximately 0.17 shares of Nextracker Class A common stock for every Flex ordinary share held as of December 29, 2023 record date. Flex shareholders receive cash in lieu of fractional shares. Flex no longer holds any Nextracker common stock or convertible securities. Flex ordinary shares continue to trade on Nasdaq under ticker symbol 'FLEX' and Nextracker Class A common stock under ticker symbol 'NXT'.
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Rhea-AI Sentiment
End-of-Day
-0.53%
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Rhea-AI Summary
Nextracker Inc. (Nasdaq: NXT) completes spin-off from Flex Ltd., resulting in ownership separation.
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Rhea-AI Sentiment
End-of-Day
-0.53%
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Nextracker Inc. (Nasdaq: NXT) strengthens its Board with accomplished energy sector executives Julie Blunden and Howard Wenger, while parting ways with six Flex employee Board members.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.53%
Tags
Flex Ltd. Ordinary Shares
Nasdaq:FLEX
FLEX Rankings
FLEX Stock Data
12.29B
418.57M
0.68%
97.53%
1.9%
Bare Printed Circuit Board Manufacturing
Manufacturing
United States of America
SINGAPORE
About FLEX
flex is a leading sketch-to-scale™ solutions company that designs and builds intelligent products for a connected world. with more than 200,000 professionals across 30 countries and a promise to help the world live smarter™, the company provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets. for more information about what’s it’s like to work at flex, please visit www.flextronics.com/careers