Why Is Nextracker (NXT) Stock Rocketing Higher Today
Update: 2025-10-30
Description
Nextracker's shares surged over five percent following a UBS analyst's price target increase and the launch of its new NX Earth Truss foundation solution in Australia, backed by the Australian Renewable Energy Agency. The company's stock has seen significant volatility, with jumps and drops of over five percent occurring thirty-seven times in the past year. Despite strong quarterly results, including a forty-two percent revenue increase and a five billion dollar order backlog, Nextracker's shares have soared one hundred sixty-three percent since the start of the year, setting a new fifty-two week high.
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