NEXTracker saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an increase from 90 to 95. NEXTracker stock has risen more than 5% past a 34.95 entry in a first-stage IPO base, meaning it's now out of a proper buy zone.
Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength. This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating north of 80 as they launch their largest climbs.
Looking For Winning Stocks? Try This Simple Routine
NEXTracker Stock Reports Earnings
NEXTracker, a global provider of intelligent solar tracker and software solutions, reported earnings on May 10. The company reported 171% earnings growth and sales growth came in at 18%.
"At NEXTracker we're laser-focused on delivering customer value with the most reliable and highest performing systems," said Dan Shugar, Nextracker CEO and founder. "Our customers need ways to optimize solar power projects and overcome technical challenges. They come to us because they know we can execute with leading technology and a talented global team of experts, delivering on performance and profitability."
NEXTracker reported 171% earnings growth in the latest quarterly report, while sales growth came in at 18%.
NEXTracker stock earns the No. 2 rank among its peers in the Energy-Solar industry group. Array Technologies is the top-ranked stock within the group.
