Nextracker had its Relative Strength (RS) Rating upgraded from 67 to 72 Thursday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
Can You Really Time The Stock Market?
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 stacks up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves. See if Nextracker can continue to show renewed price strength and clear that threshold.
While the stock is not near a proper buy zone right now, see if it goes on to form and break out of a proper base.
The company posted 7% earnings growth in the latest quarterly report, while sales growth came in at -4%. Look for the next report on or around May 14.
Nextracker earns the No. 1 rank among its peers in the Energy-Solar industry group. First Solar and Enphase Energy are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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