Nextracker Inc (NXT)

Nextracker Inc Stock (NXT) dropped by 7.35% from $35.67 to $33.05 in the trading on Thursday October 5, 2023. The reason why NXT stock down is due to the solar sector broad selloff. Truist analyst Jordan Levy said the solar sector had been suffering broad weakness from recently renewed investor concerns that interest rates would stay "higher for longer". The investor's sentiment is the reason why NXT stock going down today.