Jun. 24 at 2:17 AM
$NNBR bucked today’s tech sell-off, jumping 6.67% to close at
$2.88 on strong volume. The surge followed a morning presentation by executive leadership at the iAccess Alpha Virtual Investment Conference.
Key drivers included:
* The High-Margin Pivot: NNBR filed an updated 8-K confirming an aggressive shift out of legacy auto parts (down from 65% of business in 2023 to 44% in Q1 2026).
* Data Center Exposure: Capital is being reallocated to the lucrative electrical grid and AI data center sectors. This segment has hit a
$73 million trailing run-rate, with a near-term target to scale to
$100 million.
* Reaffirmed Guidance: Management anchored investor confidence by backing its full-year 2026 outlook, projecting
$460 million in core sales and
$57 million in Adjusted EBITDA.
Adding
