These 10 Firms Are On Fire Today

3. Nextracker Inc. (NASDAQ:NXT)

Nextracker Inc. rallied for an eighth consecutive day on Thursday, jumping 11.9 percent to finish at $61.59 apiece following news that it acquired US-based electrical infrastructure manufacturer Bentek Corporation for $78 million.

The acquisition effectively expanded Nextracker Inc.’s (NASDAQ:NXT) portfolio of products with the addition of electrical balance of system (eBOS), which ensures faster commissioning, better grid integration, and higher energy yield over the system’s lifetime.

“In utility-scale solar, eBOS quality and reliability are critical to system uptime and long-term return on investment. Bentek is a proven eBOS innovator and pioneer with several families of IP and issued patents,” said Nextracker Inc. (NASDAQ:NXT) CEO Dan Shugar.

The move builds on Nextracker Inc.’s (NASDAQ:NXT) previous acquisition in June 2024 when it acquired solar foundation firm Ojjo for $120 million, followed by Solar Pile International for $48 million in August last year.