Why Did NN Inc (NNBR) Stock Jump Nearly 16% In Pre-Market Trading?

NN, Inc. (NASDAQ:NNBR) shares surged 15.9% to $1.82 in the pre-market session, after the North Carolina-based precision manufacturer said preliminary first-quarter net sales are expected to “demonstrate growth versus the prior year and the company’s forecast,” while also raising its full-year new business guidance.

New Business Guidance Raised

NN secured about $43 million in new awards at peak annual sales during the first quarter, focused on the electric grid and data center markets, which are the company's second-largest end markets.

The company launched over 60 new programs in the first quarter, leading to a shippable backlog as orders exceeded production during the period.

CEO Harold Bevis said, “NN’s sales are growing as expected and trending towards the high end of our previously guided range.”

Bevis added the growth is being produced through “a lower cost operating model that is strengthening margins.”

Management also raised its full-year new business wins guidance to $80 million–$90 million for 2026.

In March, NN reported fourth-quarter revenue of $104.72 million versus estimates of $105.73 million and EPS of $0.00 versus estimates of $0.01.

NN's full first-quarter 2026 earnings are scheduled for May 6.

Trading Metrics, Technical Analysis

With a market capitalization of $78.80 million, the global diversified industrial manufacturer has a 52-week high of $2.63 and a 52-week low of $1.10.

The Relative Strength Index (RSI) of NN stands at 55.08.

Over the past 12 months, the small-cap company has dropped 11.30%.

NNBR is trading near the lower end of its 52-week range, about 31% of the way up from the low.

Price Action: According to Benzinga Pro data, the stock closed the regular session at $1.57, down 0.63%.

Benzinga’s Edge Stock Rankings indicate that NNBR is experiencing long-term consolidation along with medium and short-term upward movement.

Photo: Champ008 / Shutterstock

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.