Nextracker Stock Surges 22% on Earnings Beat and Raised Price Target - Barron's

1. Nextracker's net income reached 79 cents, exceeding Wall Street's estimate of 48 cents. 2. Revenue dipped 4.4% to $679.4 million, surpassing the consensus of $646 million. 3. Analysts raised NXT's price target from $50 to $62 following impressive quarterly results. 4. Nextracker reaffirmed revenue guidance of $2.8-$2.9 billion and increased profit outlook. 5. Strong supply chain management contributes positively to Nextracker's growth outlook.