NEXTracker Posts Upbeat Earnings, Joins monday.com, Nu Holdings And Other Big Stocks Moving Higher On Wednesday

Author: Avi Kapoor | May 15, 2024 10:21am

U.S. stocks were higher, with the Dow Jones gaining around 150 points on Wednesday.

Shares of Nextracker Inc. (NASDAQ:NXT) rose sharply during Wednesday's session after the company reported better-than-expected fourth-quarter financial results.

NEXTracker posted quarterly earnings of 96 cents per share, beating market estimates of 78 cents per share. The company's quarterly sales came in at $736.51 million versus expectations of $683.43 million, according to data from Benzinga Pro.

Nextracker shares gained 7.7% to $46.34 on Wednesday.

Here are some other big stocks recording gains in today's session.

monday.com Ltd. (NASDAQ:MNDY) gained 21.5% to $220.93 after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.
BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) surged 20% to $6.44.
Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT) gained 16.5% to $9.47 after the company reported better-than-expected first-quarter financial results.
Codere Online Luxembourg, S.A. (NASDAQ:CDRO) gained 14.3% to $7.98 following first-quarter results.
Riskified Ltd. (NYSE:RSKD) climbed 12.8% to $6.05 following upbeat results.
Cabaletta Bio, Inc. (NASDAQ:CABA) rose 12.8% to $12.66 following first-quarter results.
B&G Foods, Inc. (NYSE:BGS) gained 11.5% to $9.53.
J.Jill, Inc. (NYSE:JILL) rose 9.7% to $31.17. J.Jill said it sees first-quarter preliminary net sales results of about $160 million and adjusted EBITDA of $33 million to $34 million.
Candel Therapeutics, Inc. (NASDAQ:CADL) rose 9.3% to $11.69. Candel Therapeutics posted a first-quarter loss of 28 cents per share on Tuesday.
GoodRx Holdings, Inc. (NASDAQ:GDRX) climbed 8.1% to $7.18 after the company announced that it signed a new direct contracting agreement with Kroger.
Arvinas, Inc. (NASDAQ:ARVN) rose 7.3% to $33.64.
Nu Holdings Ltd. (NYSE:NU) gained 7.1% to $12.36 after the company reported better-than-expected first-quarter sales results. Also, Susquehanna maintained a Positive rating on the stock and raised its price target from $12 to $14.
Shift4 Payments, Inc. (NYSE:FOUR) rose 6.8% to $69.46.
Critical Metals Corp. (NASDAQ:CRML) gained 6.2% to $8.60.
Dell Technologies Inc. (NYSE:DELL) gained 6% to $142.18 after Morgan Stanley maintained an Overweight rating on the stock and raised its price target from $128 to $152.
Celestica Inc. (NYSE:CLS) rose 5.4% to $50.57.
Vodafone Group Public Limited Company (NASDAQ:VOD) gained 4.2% to $9.58.