Nextpower Stock Gears Up for Q1 Earnings Report

Nextpower Inc (NASDAQ:NXT), formerly known as Nextracker, is scheduled to report fiscal first-quarter earnings after the close on Thursday, July 30. According to Zacks Research, analysts expect earnings of $1.04 per share on revenue of $932.26 million, representing a 10.3% year-over-year decline in earnings alongside 7.9% revenue growth. Investors will be looking for updates on demand for the company's solar tracking systems and its project pipeline.

NXT is under pressure heading into the event, last seen down 2.9% at $92.58, with the shares off 16.3% over the past month as they retreat from late-May record highs. The stock is still up 6.3% year to date and 42.7% over the last 12 months, however. Notably, the shares have pulled back to their ascending 320-day moving average, a trendline the equity hasn't closed below in over a year.

Options traders are pricing in a 17.0% post-earnings move, above Nextpower stock's average post-earnings swing of 14.0% over the last eight quarters. The stock has posted positive post-earnings reactions in six of those last eight reports, including gains of 9.2% and 13.3% following its two most recent quarterly results.

Options sentiment has been more bullish than usual ahead of earnings. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 10-day call/put volume ratio of 4.02 ranks higher than 89% of readings from the past year.