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Why Is Nextracker Stock Seeing Blue Skies Premarket Wednesday?

Nextracker Inc. (NASDAQ:NXT) shares are trading higher after the company after the company reported better-than-expected fourth-quarter financial results. Revenue rose 42% to $736.5 million, beating the consensus of $681.93 million. Adjusted EPS of $0.96 beat the street view of $0.78.  Adjusted EBITDA rose to $159.6 million from $72.5 million a year ago, with a margin of 21.7% (an expansion from 14.0% a year ago). As of FY24, the company had backlog of over $4 billion, with strong ...