Nextracker raised full-year adjusted EPS guidance to $4.21-$4.59 after surpassing earnings expectations in its latest report.
Nextracker (NXT) shares rose sharply in premarket trading after reporting stronger-than-expected earnings and lifting its full-year revenue outlook. The company now expects adjusted diluted EPS between $4.21 and $4.59, excluding $1.02 per share tied to stock-based compensation and intangible amortization.
The results exceeded analyst estimates, with the raised guidance reflecting a record backlog and strong demand for solar tracking systems. Prior guidance and consensus estimates were not disclosed, but the update signals confidence in continued growth.
Premarket trading saw NXT shares climb, reflecting investor optimism over the improved outlook and operational performance.