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The Surge of Nextracker and Other Stocks in Pre-market Trading

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Shares of Nextracker Inc. NXT skyrocketed during pre-market trading after an impressive quarterly performance.

Nextracker’s quarterly earnings at 96 cents per share vastly exceeded the consensus estimate of 48 cents. Revenue surged to $710.43 million, a 38.38% increase from the same period last year.

As a result, Nextracker shares surged 19.7% to $54.20 in pre-market trading

Notably, other stocks showed significant movement in pre-market trading as well.

Notable Gainers

  • Elevai Labs, Inc. ELAB gained 85.3% to $1.26 in pre-market trading after an 8% increase on Wednesday.
  • Kiora Pharmaceuticals, Inc. KPRX saw its shares surge 52.1% to $0.8420 in pre-market trading following an announcement of a private placement of up to $45 million.
  • Oragenics, Inc. OGEN gained 17.6% to $2.71 in pre-market trading after a 34% dip on Wednesday, due to the termination of an at-market offering program.
  • TROOPS, Inc. TROO experienced a 14.8% gain to $2.16 in pre-market trading after a decline over 6% on Wednesday.
  • Dunxin Financial Holdings Limited DXF rose 12.2% to $0.3960 in pre-market trading.
  • TransCode Therapeutics, Inc. RNAZ saw its shares rise 10% to $0.76 in pre-market trading after regaining compliance with the Nasdaq.

Notable Losers

  • Revelation Biosciences, Inc. REVB witnessed a 48.7% decrease to $4.50 in pre-market trading after a more than 10% increase on Wednesday.
  • Infobird Co., Ltd IFBD shares fell 31.6% to $0.93 in pre-market trading after surging over 115% on Wednesday.
  • Bullfrog AI Holdings, Inc. BFRG fell 25.4% to $3.64 in pre-market trading after declining 9% on Wednesday.
  • Volcon, Inc. VLCN shares fell 20.5% to $0.1069 following the announcement of a 1-for-45 reverse stock split.
  • Connexa Sports Technologies Inc. CNXA declined 17.3% to $0.3310 in pre-market trading despite a 101% jump on Wednesday.
  • Earlyworks Co., Ltd ELWS experienced a 14.9% decline to $0.4748 after surging more than 55% on Wednesday.
  • MaxLinear, Inc. MXL saw its shares dip 13.4% to $18.00 in pre-market trading after reporting fourth-quarter results.
  • ADDvantage Technologies Group, Inc. AEY witnessed a 13.4% decline to $1.60 in pre-market trading.
  • Trinity Biotech plc TRIB shares fell 12.4% to $0.5170 in pre-market trading despite a 34% surge on Wednesday.
  • ING Groep N.V. ING experienced an 8.7% decrease to $12.97 in pre-market trading following fourth-quarter results.

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