Nextracker (NXT) Tumbles 8.8% on Name Change, Diversification

We recently published 10 Stocks Suffer Heavy Selling Pressure. Nextracker Inc. (NASDAQ:NXT) is one of the worst-performing stocks on Wednesday. Nextracker dropped for a second day on Wednesday, slashing 8.81 percent to close at $96.50 apiece as investors sold off positions following plans to diversify from solar tracking to other technologies such as robotics and AI. In a statement, Nextracker Inc. (NASDAQ:NXT) said that it would change its name to Nextpower Inc. in line with plans to transform from bein ...