price up icon13.58%   +6.39
after-market  After Hours:  53.26  -0.18   -0.34%

Why is Nextracker Inc (NXT) Stock down?

We've noticed a 5.20% decline in Nextracker Inc (NXT) stock during the 2024-05-16 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
05 Oct, 2023:

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.

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