🔴 Nextracker is trading 4.27% down today as firm Treasury yields pressure growth-oriented stocks

Nextracker is trading at $78.86 (-4.27%) as firm Treasury yields pressure growth-oriented stocks.

• The Nasdaq Composite falls 0.80%, while rate-sensitive technology shares weaken.
• August PPI showed persistent inflation pressure.
• Renewed U.S.-Iran military escalation and oil above $100 per barrel are adding broader risk-off pressure; bullish Piper Sandler coverage is not a direct explanation for September 10’s decline.