** Nextracker's shares jump 15.7% to $36.98 premarket after solar tracking equipment maker posted qtrly beat and boosted full-year earnings outlook
** Stock on course for biggest one-day pct gain since Feb 2, if gains hold ** Co late Weds said fiscal Q2 rev rose 11% y/y to $635.6 mln, topping LSEG estimate of $615.4 mln
** Adj EPS in qtr of 97 cents exceeded consensus view of 61 cents ** “We finished Q2 with strong execution and operational discipline, driving meaningful improvements in margins, which allows us to raise our FY25 profit outlook,” CFO
** Co now expects adj EPS of $3.10-$3.30 for FY25, up from prior outlook of $2.89-$3.09, and reaffirmed full-year rev forecast of $2.8-$2.9 bln
** Reacting to report, Truist hikes its PT by $4 to $54 and Jefferies raises PT by $5 to $42, while BofA reduces its target by $7 to $58
** Of 28 Wall Street analysts covering NXT, recommendation breakdown is 5 "strong buy", 17 "buy" and 6 "hold" ratings; median PT of $55 down from $61 a month ago - LSEG
** Through Weds close, shares shed ~32% YTD
(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.