Nextpower expands US operations with new hub and manufacturing boost; shares dip
03/12/2025 14:55
** Shares of solar tracking equipment maker Nextpower NXT.O fall 3.3% to $83.7 ** Co says it is opening an expanded Southeast regional hub in Nashville, which includes a new Remote Monitoring Center ** NXT also added a new steel fabrication line operated by MSS Steel Tubes USA in Memphis, Tennessee ** The new line will double co's manufacturing capacity for solar tracker systems used in utility-scale power plants across the Southeast ** Including session's move, shares up 129.2% YTD (Reporting by Varun Sahay in Bengaluru) ((Varun.sahay@thomsonreuters.com))
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