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

Key Takeaways Nextracker (NXT) shares jumped nearly 13% in extended trading Tuesday after the maker of intelligent solar tracker solutions topped Wall Street's quarterly estimates amid growing demand in U.S. and global markets. For the fiscal fourth quarter ending March 31, the Fremont, California-based company, which spun off from diversified manufacturer Flex (FLEX) in January, reported adjusted earnings of 96 cents per share, powering past the 78-cents-a-share forecast expected by analysts. Revenue in th ...