What Happened?

Shares of solar tracker company Nextracker (NASDAQ:NXT) jumped 26% in the morning session after the company reported a solid "beat-and-raise" quarter. Fourth quarter results blew past analysts' revenue, EPS, and EBITDA expectations. Looking ahead, the company raised its full-year EPS and EBITDA guidance. Management pointed to a stronger sales pipeline, with contributions from all regions and new products, a positive sign for future demand. Overall, this was an impressive quarter.

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What The Market Is Telling Us

Nextracker’s shares are extremely volatile and have had 32 moves greater than 5% over the last year. But moves this big are rare even for Nextracker and indicate this news significantly impacted the market’s perception of the business.

Nextracker is up 20.4% since the beginning of the year, but at $47.55 per share, it is still trading 21.9% below its 52-week high of $60.89 from February 2024. Investors who bought $1,000 worth of Nextracker’s shares at the IPO in February 2023 would now be looking at an investment worth $1,561.

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