NXT, 5/17-5/22, 9.5% ProfitNextracker (NXT) reported earnings of $1.06 per share on revenue of $736.52 million for the fiscal fourth quarter ended March 2024. The consensus earnings estimate was $0.68 per share on revenue of $681.03 million. The company beat expectations by 24.71% while revenue grew 42.08% on a year-over-year basis.
NXT trade ideas
NXT Nextracker is the leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects around the world.
Appealing structure below ATHs. Note the institutional investor footprints (above average volume).
Market cap = $6.5bn