Shares of Nextpower Inc (NASDAQ:NXT) rose sharply in pre-market trading after the company reported better-than-expected fourth-quarter financial results and raised its FY27 sales guidance.
The company announced it will acquire assets of Zigor Corporation’s power conversion business and its U.S.-based subsidiary, Apex Power
Nextpower reported quarterly adjusted earnings of $1.05 per share, which beat the Street estimate of 92 cents, according to Benzinga Pro data. Quarterly revenue came in at $881 million, which exceeded the consensus estimate of $827 million. Nextpower shares jumped 12.5% to $141.00 in pre-market trading.
Here are some other stocks moving in pre-market trading. Gainers – Fitness Champs Holdings Ltd (NASDAQ:FCHL) gained 38.4% to $1.84 in pre-market trading after dipping 16% on Tuesday. The after-hours rally comes despite a class action lawsuit filed by New York-based law firm Pomerantz LLP.