Nextpower Shares Set to Resume Tuesday After Volatile Week
Nextpower Inc. starts the shortened U.S. trading week with its stock at $130.50 after bouncing late Friday. The shares jumped 7.83% that day but finished the week 9.6% down from their May 15 close. U.S. equity markets are shut Monday for Memorial Day. Tuesday’s open looks set to test demand for this clean-energy stock again. Investors got a higher revenue outlook and a larger backlog — orders still to be fulfilled — but shares didn’t gain much last week. After the big rally, there isn’t as much room for errors now.