Stock Track | NEXTracker Soars 11.65% in Pre-Market on Strong Q3 Earnings Beat, Raised Guidance, Major Saudi Contract and Share Buyback

Stock Track

Jan 28

NEXTracker Inc's stock surged 11.65% during pre-market trading on Wednesday, following the release of its third-quarter fiscal 2026 financial results that significantly exceeded analyst expectations.

The solar tracking systems provider reported adjusted earnings per share of $1.10, beating the consensus estimate of $0.93, while revenue reached $909 million, well above forecasts of approximately $813 million. The company also raised its full-year fiscal 2026 guidance and announced a share repurchase program of up to $500 million.

Positive sentiment was further bolstered by news that Nextpower Arabia, a joint venture involving NEXTracker, secured a major contract to supply 2.25 gigawatts of solar trackers for ACWA Power's Bisha Solar project in Saudi Arabia. Additionally, TD Cowen raised its price target on the stock from $88 to $105, citing the company's strong performance and growth prospects.

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The company also raised its full-year fiscal 2026 guidance and announced a share repurchase program of up to $500 million.</p><p>Positive sentiment was further bolstered by news that Nextpower Arabia, a joint venture involving NEXTracker, secured a major contract to supply 2.25 gigawatts of solar trackers for ACWA Power's Bisha Solar project in Saudi Arabia. Additionally, TD Cowen raised its price target on the stock from $88 to $105, citing the company's strong performance and growth prospects.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NXT","symbol_name":"Nextpower","start_time":0,"source_url":"","article_id":"1153841000","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1153841000","pubTimestamp":1769592998,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"NEXTracker Inc's stock surged 11.65% during pre-market trading on Wednesday, following the release of its third-quarter fiscal 2026 financial results that significantly exceeded analyst...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NXT":"Nextpower"},"translate_title":"股票追踪|NEXTracker盘前飙升11.65%，因第三季度盈利强劲、指引上调、沙特主要合约和股票回购","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NXT":1},"content_text":"NEXTracker Inc's stock surged 11.65% during pre-market trading on Wednesday, following the release of its third-quarter fiscal 2026 financial results that significantly exceeded analyst expectations.The solar tracking systems provider reported adjusted earnings per share of $1.10, beating the consensus estimate of $0.93, while revenue reached $909 million, well above forecasts of approximately $813 million. 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