What Happened?
Shares of industrial components supplier NN (NASDAQ: NNBR) jumped 29.2% in the afternoon session after the company raised its full-year guidance for new business wins and announced that preliminary first-quarter net sales were expected to show growth.
This update followed the securing of approximately $43 million in new business awards during the first quarter, primarily from the electric grid and data center markets. Based on this strong performance, NN lifted its 2026 new business wins guidance to a range of $80 million to $90 million. While the company maintained its full-year net sales guidance of $445 million to $465 million, it noted that it now expected results to fall in the upper half of that range.
The shares closed the day at $1.98, up 25.8% from previous close.
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What Is The Market Telling Us
NN’s shares are extremely volatile and have had 53 moves greater than 5% over the last year. But moves this big are rare even for NN and indicate this news significantly impacted the market’s perception of the business.
The previous big move we wrote about was 27 days ago when the stock gained 15.8% on the news that the company announced it secured multiple new contracts with a leading global provider of AI infrastructure and data center computing equipment.
The multi-year awards were for liquid cooling components used in AI reasoning racks, a growing market as the industry shifts toward liquid-cooled systems. This development supported NN's goal of achieving $70 to $80 million in new business during 2026. To handle the new production demands, the company invested in 17 new high-speed, high-precision CNC machines. This move was described as a significant strategic win, positioning NN as a key supplier in the expanding data center market.
NN is up 44.3% since the beginning of the year, but at $1.93 per share, it is still trading 25.9% below its 52-week high of $2.61 from September 2025. Despite the year-to-date gain, investors who bought $1,000 worth of NN’s shares 5 years ago would now be looking at only $251.50.
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