Nextracker Jumps With Saudi Joint Venture, 2Q Sales Increase

Dow Jones

Oct 24

By Emon Reiser

Shares of Nextracker climbed after the solar-tracking systems company posted a gain to its quarterly sales and announced a joint venture to accelerate solar-technology adoption across the Middle East.

The stock rose 11%, to $100.00, in after-hours trading Thursday, exceeding its 52-week high of $93.90.

Nextracker and Saudi Arabia's Abunayyan Holding signed an agreement to form the joint venture Nextracker Arabia. The new company, based in Saudi Arabia, will manufacture and supply advanced solar-tracking systems and technology to major utility-scale projects across the Middle East and North Africa region.

Nextracker on Thursday also reported $905.3 million in revenue for the quarter ended Sept. 26, a 42% increase year over year. Analysts polled by FactSet expected $842.8 million.

Profit rose to $146.9 million, or 97 cents a share, from $115.4 million, or 79 cents a share in the year-ago quarter. Analysts polled by FactSet expected 85 cents a share.

The company updated its outlook, boosting the range of its full-year revenue guidance to $3.28 billion to $3.48 billion, from a previous outlook of $3.2 billion to $3.45 billion. Nextracker narrowed its profit guidance, saying it now expects between $3.26 to $3.46 a share, from $3.24 to $3.55 a share for the year.

Write to Emon Reiser at emon.reiser@wsj.com

(END) Dow Jones Newswires

October 23, 2025 18:50 ET (22:50 GMT)

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Nextracker narrowed its profit guidance, saying it now expects between $3.26 to $3.46 a share, from $3.24 to $3.55 a share for the year. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Emon Reiser at emon.reiser@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 23, 2025 18:50 ET (22:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JYNT","symbol_name":"The Joint Corp.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2577453023","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577453023","pubTimestamp":1761259800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Nextracker climbed after the solar-tracking systems company posted a gain to its quarterly sales and announced a joint venture to accelerate solar-technology adoption across the Middle East.The stock rose 11%, to $100.00, in after-hours trading Thursday, exceeding its 52-week high of $93.90.Nextracker and Saudi Arabia's Abunayyan Holding signed an agreement to form the joint venture Nextracker Arabia. 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Nextracker narrowed its profit guid","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"JYNT":"The Joint Corp."},"translate_title":"Nextracker与沙特合资企业合作，第二季度销售额增长","themeId":"ad76078059189ca252d013e8c0f2801c","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JYNT":1.5},"content_text":"By Emon Reiser \n\n\n \n\n\n  Shares of Nextracker climbed after the solar-tracking systems company posted a gain to its quarterly sales and announced a joint venture to accelerate solar-technology adoption across the Middle East. \n\n\n  The stock rose 11%, to $100.00, in after-hours trading Thursday, exceeding its 52-week high of $93.90. \n\n\n  Nextracker and Saudi Arabia's Abunayyan Holding signed an agreement to form the joint venture Nextracker Arabia. 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