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

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

Shares of Nextracker Inc. 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. 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. BCRX surged 20% to $6.44.
• Arcutis Biotherapeutics, Inc. ARQT gained 16.5% to $9.47 after the company reported better-than-expected first-quarter financial results.
• Codere Online Luxembourg, S.A. CDRO gained 14.3% to $7.98 following first-quarter results.
• Riskified Ltd. RSKD climbed 12.8% to $6.05 following upbeat results.
• Cabaletta Bio, Inc. CABA rose 12.8% to $12.66 following first-quarter results.
• B&G Foods, Inc. BGS gained 11.5% to $9.53.
• J.Jill, Inc. 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. CADL rose 9.3% to $11.69. Candel Therapeutics posted a first-quarter loss of 28 cents per share on Tuesday.
• GoodRx Holdings, Inc. GDRX climbed 8.1% to $7.18 after the company announced that it signed a new direct contracting agreement with Kroger.
• Arvinas, Inc. ARVN rose 7.3% to $33.64.
• Nu Holdings Ltd. 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. FOUR rose 6.8% to $69.46.
• Critical Metals Corp. CRML gained 6.2% to $8.60.
• Dell Technologies Inc. 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. CLS rose 5.4% to $50.57.
• Vodafone Group Public Limited Company VOD gained 4.2% to $9.58.

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