Nextracker (NXT) Tumbles 8.8% on Name Change, Diversification [Yahoo! Finance]
Nextpower Inc. - Class A (NXT)
Company Research
Source: Yahoo! Finance
Nextracker dropped for a second day on Wednesday, slashing 8.81 percent to close at $96.50 apiece as investors sold off positions following plans to diversify from solar tracking to other technologies such as robotics and AI. In a statement, Nextracker Inc. (NASDAQ:NXT) said that it would change its name to Nextpower Inc. in line with plans to transform from being a sole solar tracking company to becoming a full-platform organization, delivering an integrated portfolio of advanced technologies and services for utility-scale solar power plants. Despite the name change, the company will continue to trade under the ticker symbol “NXT.” The new brand will offer a number of product portfolios, including trackers, foundations, eBOS, advanced module frames, robotics, software, yield management and control systems, and services. In other news, Nextracker Inc. (NASDAQ:NXT) reaffirmed its outlook for full-year 2026 and announced a target of hitting $4.8 billion to $5.6 billion in reven
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NXT
News
- Nextpower Opens Southeast Operations Hub and Doubles Manufacturing Capacity in Tennessee with Partner MSS Steel Tubes USABusiness Wire
- Is NXT's Rebranding a Signal of Strategic Ambition or a Response to Market Pressures? [Yahoo! Finance]Yahoo! Finance
- RBC Boosts Nextracker (NXT) Price Target as Software and Robotics Drive Long-Term Growth [Yahoo! Finance]Yahoo! Finance
- Jim Cramer Highlights His Regret Over Selling Nextpower Stock Too Early [Yahoo! Finance]Yahoo! Finance
- Why Is Nextracker (NXT) Stock Soaring Today [Yahoo! Finance]Yahoo! Finance
NXT
Earnings
- 10/23/25 - Beat
NXT
Sec Filings
- 12/2/25 - Form 4
- 12/1/25 - Form 144
- 11/21/25 - Form 144
- NXT's page on the SEC website