Why Nextracker Shares Are Trading Higher By Around 20%; Here Are 20 Stocks Moving Premarket

Author: Avi Kapoor | February 01, 2024 08:51am

Shares of Nextracker Inc. (NASDAQ:NXT) rose sharply during today’s pre-market trading after the company reported better-than-expected third-quarter financial results.

Nextracker reported quarterly earnings of 96 cents per share which beat the analyst consensus estimate of 48 cents by 100%. Revenue clocked in at $710.43 million, topping the Street's estimate of $617.95 million, a 38.38% increase over sales of $513.37 million from the same period last year, according to data from Benzinga Pro.

Nextracker shares surged 19.7% to $54.20 in pre-market trading

Here are some other stocks moving in pre-market trading.

Gainers

• Elevai Labs, Inc. (NASDAQ:ELAB) gained 85.3% to $1.26 in pre-market trading after gaining 8% on Wednesday.
• Kiora Pharmaceuticals, Inc. (NASDAQ:KPRX) shares jumped 52.1% to $0.8420 in pre-market trading. Kiora Pharmaceuticals announced a private placement of up to $45 million.
• Oragenics, Inc. (NYSE:OGEN) gained 17.6% to $2.71 in pre-market trading after dipping around 34% on Wednesday. Oragenics recently announced termination of at-market offering program.
• TROOPS, Inc. (NASDAQ:TROO) shares gained 14.8% to $2.16 in pre-market trading after falling over 6% on Wednesday.
• Dunxin Financial Holdings Limited (NYSE:DXF) shares rose 12.2% to $0.3960 in pre-market trading.
• TransCode Therapeutics, Inc. (NASDAQ:RNAZ) shares rose 10% to $0.76 in pre-market trading. TransCode Therapeutics regained compliance with the Nasdaq.
• Nuvve Holding Corp. (NASDAQ:NVVE) shares climbed 9.7% to $1.36 in pre-market trading. Nuvve shares fell over 62% on Wednesday after the company announced pricing of its $9.6 million underwritten public offering.
• FibroBiologics, Inc. (NASDAQ:FBLG) shares gained 9.7% to $31.95 in pre-market trading. FibroBiologics announced direct listing on the NASDAQ.
• Deutsche Bank Aktiengesellschaft (NYSE:DB) shares gained 5.8% to $13.60 in pre-market trading after the company posted fourth-quarter results and announced plans to cut 3,500 jobs. Deutsche Bank plans to increase both share repurchases and dividends by at least 50% year-over-year in 2024.

Losers

• Revelation Biosciences, Inc. (NASDAQ:REVB) shares dipped 48.7% to $4.50 in pre-market trading after gaining more than 10% on Wednesday.
• Infobird Co., Ltd (NASDAQ:IFBD) shares fell 31.6% to $0.93 in pre-market trading after surging over 115% on Wednesday.
• Bullfrog AI Holdings, Inc. (NASDAQ:BFRG) fell 25.4% to $3.64 in pre-market trading after declining 9% on Wednesday. Bullfrog AI Holdings recently filed shelf offering of 786,938 shares and accompanying warrants at $6.63 per share and accompanying warrant.
• Volcon, Inc. (NASDAQ:VLCN) shares fell 20.5% to $0.1069 in pre-market trading after the company announced a 1-for-45 reverse stock split.
• Connexa Sports Technologies Inc. (NASDAQ:CNXA) declined 17.3% to $0.3310 in pre-market trading. Connexa Sports Technologies shares jumped 101% on Wednesday after the company announced it regained compliance with the Nasdaq minimum shareholder equity rule.
• Earlyworks Co., Ltd (NASDAQ:ELWS) fell 14.9% to $0.4748 after surging more than 55% on Wednesday.
• MaxLinear, Inc. (NYSE:MXL) shares dipped 13.4% to $18.00 in pre-market trading after reporting fourth-quarter results.
• ADDvantage Technologies Group, Inc. (NASDAQ:AEY) shares declined 13.4% to $1.60 in pre-market trading.
• Trinity Biotech plc (NASDAQ:TRIB) shares fell 12.4% to $0.5170 in pre-market trading after surging 34% on Wednesday. Trinity Biotech reported third-quarter results and announced acquisition of the CGM assets of Waveform Technologies, Inc.
• ING Groep N.V. (NYSE:ING) shares declined 8.7% to $12.97 in pre-market trading following fourth-quarter results.

 

Now Read This: Top 5 Energy Stocks That May Crash This Quarter

Posted In: AEY BFRG CNXA DB DXF ELAB ELWS FBLG IFBD ING KPRX MXL NVVE NXT OGEN REVB RNAZ TRIB TROO VLCN