Nextracker Stock Jumps as Demand for Solar Tracking Solutions Drives Earnings Beat

Key TakeawaysNextracker shares powered higher in extended trading Tuesday after the maker of solar tracking solutions posted quarterly earnings and revenue above Wall Street expectations.The company recorded a backlog of $4 billion in the 2024 fiscal year, driven by robust demand in U.S. and international markets.Monitor the $47 level, an area where the price encounters key overhead resistance from a horizontal line connecting three chart peaks over the past nine months. Nextracker (NXT) shares jumped nearl ...