--- title: "Power On: Nextracker’s Solar Backlog Surges as Tech and Pharma See Wild Swings" type: "News" locale: "en" url: "https://longbridge.com/en/news/295081242.md" description: "From Nextracker's massive USD 5 billion backlog to Tencent's gaming resilience, companies are aggressively securing their pipelines. Meanwhile, China Pharma's unusual volatility and Mobix Labs' liquidity warnings are turning heads across the market." datetime: "2026-08-06T09:14:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295081242.md) - [en](https://longbridge.com/en/news/295081242.md) - [zh-HK](https://longbridge.com/zh-HK/news/295081242.md) --- # Power On: Nextracker’s Solar Backlog Surges as Tech and Pharma See Wild Swings **The big picture:** The market isn't just about AI anymore. We're seeing companies across energy, consumer goods, and traditional tech making serious moves to shore up their long-term pipelines. Take **Nextracker (NXT.US)**, for instance. The solar tracking provider just posted a record backlog of over USD 5 billion in its fiscal Q2 of 2026. The company is aggressively expanding through acquisitions and a massive new joint venture in Saudi Arabia. That is a clear signal that the clean energy infrastructure build-out is accelerating. On the tech side, **Tencent Holdings (TCTZF.US)** is proving that its core engines are still running hot. The Chinese giant saw a massive 33% jump in international gaming revenue for 2025, operating with a much stronger cash position as we move deeper into 2026. **Here is what else I am hearing:** - **Mattel (MAT.US):** The toy maker is shaking up its leadership. Mattel just promoted Roberto Stanichi to President as it navigates margin pressures from inflation and tariffs. Despite a solid Q2 top-line beat in August 2026, the company is fighting to keep profitability on track. - **NexGen Energy (NXE.US):** The company is steadily marching forward with its Rook I uranium project. It reported a swing to net income in Q2 2026, and the long-term play here remains securing global nuclear fuel supplies. - **Mobix Labs (MOBX.US):** The fabless semiconductor firm is facing a brutal reality check. Mobix saw its Q3 2026 revenue drop sharply to under USD 1 million, and management is openly warning about liquidity issues. They need fresh capital soon to stay afloat. - **Frequency Electronics (FEIM.US):** The space tech supplier is capitalizing on its record USD 111 million backlog. It recently launched a USD 100 million public offering in July 2026 to fuel its next phase of aerospace contracts. **Also in the mix:** I am keeping a close eye on the unusual volatility in **China Pharma Holdings (CPHI.US)**. The biotech firm saw a staggering stock surge in July 2026, prompting regulators to step in, though the company cited no new material developments. Over in the consumer space, **Coffee Holding Co. (JVA.US)** is busy consolidating its operations, closing its Massachusetts facility to cut costs after a tough run with tariffs. Finally, for income-focused portfolios, the **Amplify CWP International Enhanced Dividend Income ETF (IDVO.US)** continues to lean into high-quality international dividend names. Meanwhile, **Service Corporation International (SCI.US)** remains a steady, albeit grim, performer, beating Q2 2026 expectations with a 4% revenue bump across its funeral and cemetery operations. ### Related Stocks - [NXT.US](https://longbridge.com/en/quote/NXT.US.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) - [MAT.US](https://longbridge.com/en/quote/MAT.US.md) - [NXE.US](https://longbridge.com/en/quote/NXE.US.md) - [MOBX.US](https://longbridge.com/en/quote/MOBX.US.md) - [FEIM.US](https://longbridge.com/en/quote/FEIM.US.md) - [CPHI.US](https://longbridge.com/en/quote/CPHI.US.md) - [JVA.US](https://longbridge.com/en/quote/JVA.US.md) - [SCI.US](https://longbridge.com/en/quote/SCI.US.md) ## Related News & Research - [Is Mattel (MAT) Cheap On Earnings Growth And Reaffirmed Guidance?](https://longbridge.com/en/news/295791690.md) - [Mattel Sees Unusually Large Options Volume (NASDAQ:MAT)](https://longbridge.com/en/news/295952865.md) - [Mattel Game Studios Launches to Expand Self-Published Games Biz Across Hot Wheels, UNO and More IP (EXCLUSIVE)](https://longbridge.com/en/news/295817538.md) - [Old West Investment Management LLC Invests $19.11 Million in NexGen Energy $NXE](https://longbridge.com/en/news/296088738.md) - [Another AI lab is burning through cash as Tencent earnings rise](https://longbridge.com/en/news/295641594.md)