TAN - Why Is Nextracker Stock Seeing Blue Skies Premarket Wednesday? | Benzinga
Nextracker Inc. (NASDAQ:NXT) shares are trading higher after the company after the company reported better-than-expected fourth-quarter financial results.
Revenue rose 42% to $736.5 million, beating the consensus of $681.93 million. Adjusted EPS of $0.96 beat the street view of $0.78.
Adjusted EBITDA rose to $159.6 million from $72.5 million a year ago, with a margin of 21.7% (an expansion from 14.0% a year ago).
As of FY24, the company had backlog of over $4 billion, with strong ...