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Nextracker Inc. - $NXT STOCK NEWS

Welcome to our dedicated page for Nextracker news (Ticker: $NXT), a resource for investors and traders seeking the latest updates and insights on Nextracker 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 Nextracker'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 Nextracker's position in the market.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.48%
Tags
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
Tags
-
Rhea-AI Summary
Nextracker Inc. (Nasdaq: NXT) completes spin-off from Flex Ltd., resulting in ownership separation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.53%
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none
Rhea-AI Summary
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
management
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Rhea-AI Summary
Nextracker (NXT) Achieves 10 GW Milestone in the Middle East, Africa, and India
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
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none
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Rhea-AI Summary
Nextracker (Nasdaq: NXT) to present at 2024 Goldman Sachs Energy, CleanTech & Utilities Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
Tags
conferences
Rhea-AI Summary
Nextracker (NXT) CEO Dan Shugar named Chief Trailblazer of the Year at S&P Global’s 25th Annual Platts Global Energy Awards for his leadership and contributions to solar technology innovation. Nextracker's proprietary technology has over 85-gigawatts capacity across six continents, helping plant owners produce more energy, lower operating costs, and deliver significant ROI advantages.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.24%
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none
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Rhea-AI Summary
Arevon Energy, Inc. announces closing $529 million financing for Vikings solar-plus-storage project, leveraging Inflation Reduction Act's tax credit transferability provisions and debt. Project features 157 MWDC of solar and 150 MW/600 MWh of battery energy storage, supplying San Diego Community Power. Key suppliers include First Solar, Nextracker, and Tesla. Commercial operations expected in Q3 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.5%
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none
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Rhea-AI Summary
Nextracker announces Flex Ltd.'s plan to spin off its remaining interests in Nextracker Inc. to Flex shareholders, resulting in a separation from Flex's ownership. The transaction is expected to close in fiscal Q4, ending March 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.98%
Tags
none
Rhea-AI Summary
Nextracker reports record revenue and profits in Q2 and raises FY24 guidance. Q2 revenue is $573 million, up 23% YoY. Adjusted EBITDA is $110 million, up 164% YoY. Non-GAAP net income is $96 million. Nextracker launches Next Gen Tech Suite with 3 new innovations. Annual profit guidance and revenue guidance raised.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.98%
Tags
Nextracker Inc.

Nasdaq:NXT

NXT Rankings

NXT Stock Data

6.04B
136.15M
0.24%
56.89%
7.2%
Optical Instrument and Lens Manufacturing
Manufacturing
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United States of America
FREMONT