Nextracker Shares Rise 15% After Boosting FY25 Outlook

Dow Jones
01-29
 

By Sabela Ojea

 

Shares of Nextracker climbed after the provider of solar trackers and software solutions raised its outlook for fiscal 2025 after posting growth in its third quarter.

The stock was up 15% to $45.39 in post-market trading on Tuesday. Shares have declined 12% in the past 12 months.

The company said it now expects earnings for the year ending in March of $467 million to $497 million, or $3.11 to $3.31 a share, and adjusted earnings of $3.75 to $3.95 a share.

Nextracker had most recently guided for a net profit of $378 million to $408 million, or $2.50 to $2.70 a share, and adjusted earnings of $3.10 to $3.30 a share.

The outlook comes as it ends the third quarter with a record backlog due to robust demand in all key regions for the company, with meaningful contributions from new products.

The company posted a fiscal third-quarter net profit attributable to shareholders of $115.3 million, or 79 cents a share, compared with $41.4 million, or 87 cents a share, for the same period a year earlier.

Quarterly revenue fell 4.4% to $679.4 million, but came in ahead of Wall Street expectations of $646 million, according to FactSet.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

January 28, 2025 17:37 ET (22:37 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10