NextDC Cuts FY27 Earnings Outlook After Another 40% Selloff
NextDC cut its FY27 earnings outlook after electricity distributor Jemena suspended the network connection. Its shares resumed trading Tuesday and fell another 40%.
You’d think NextDC (NXT) might be close to finding a bottom after a 40% selloff over the past month. Instead, it resumed trading on Tuesday and copped another 40% haircut.The data centre developer cut its FY27 earnings outlook after electricity distributor Jemena suspended the network connection wo…