NXT News & Events

Nextpower (NXT) announced its second major commercial order for U.S.-manufactured steel module frames, entering into a multi-year supply agreement with Jinko Solar (JKS). Under the agreement, Nextpower plans to supply more than one gigawatt of steel frames, scalable to up to 3 GW over a three-year period, to support module manufacturing in Jinko Solar's Jacksonville, Florida. facility, with production expected mid-2026. This supply arrangement helps underscore the growing market adoption of steel frames as a more structurally durable, cost-effective solution for tier-one solar modules while further localizing the U.S. supply chain.

The major averages finished the day mostly unchanged, with the Nasdaq marginally higher after the Federal Reserve left the federal funds rate unchanged at 3.50%-3.75%, as was expected. In a statement on the move, the Fed cited unemployment stabilization as a reason to hold rates steady, noting that Fed governors Miran and Waller wanted to cut rates. Meanwhile, investors are positioning ahead of after-hours earnings releases from big tech names including Meta, Microsoft and Tesla, which could set the tone for risk appetite once those reports start rolling in.Looking to commodities, gold continued to surge to record highs, while oil was also on the rise.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Seagatereportedand provided guidance for Q3Texas Instrumentsreportedbut provided an upbeat outlook for Q1AT&Treportedand issued its outlook for 2026-2028Amazonannounced plans toamid "organizational changes"The Federal Reserve left the federal funds rate2. WALL STREET CALLS:Visato Buy from Neutral at Rothschild & Co RedburnKorro Bioto Overweight at Cantor Fitzgerald and to Outperform at OppenheimerCircle Internetto Neutral at Mizuho with Polymarket as a "looming catalyst"PayPalto Sell at Rothschild & Co RedburnBJ's Wholesaleto Hold at Jefferies3. AROUND THE WEB:Blackstoneis mulling a debt investment in Oracle'sdata center project in Michigan, Bloomberg reportsC3 AIis in talks to merge with startup Automation Anywhere, The Information saysTeslaCEO Elon Musk is targeting mid-June for the timing of SpaceX's initial public offering, IPO, FT reportsSoftBankis in talks to invest up to an additional $30B in OpenAI, WSJ saysDeutsche Bank'soffices in Frankfurt and Berlin have been raided by German authorities as part of a money laundering probe that is looking at past dealings by staff with firms linked to the now-sanctioned Roman Abramovich, Bloomberg reports4. MOVERS:Palladynehigher after being awarded a contract by theStrideincreases afterand providing guidance for Q3 and FY26Nextpowerrises afterand raising its guidance for FY26Regenxbiofalls after the FDA placed aRichtech Roboticslower after announcing a5. EARNINGS/GUIDANCE:Starbucksreportedand provided guidance for FY26Corning, with EPS and revenue beating consensusExtreme Networksand provided guidance for Q3 and FY26Scotts Miracle-Gro, with EPS beating consensusBrinkerand raised its guidance for FY26INDEXES:The Dow rose 12.19, or 0.025%, to 49,015.60, the Nasdaq gained 40.35, or 0.17%, to 23,857.45, and the S&P 500 declined 0.57, or 0.0082%, to 6,978.03.