Can anything shut down the Gold rally?
Flex Ltd stock reached an all-time high of 58.62 USD, marking a significant milestone for the $21.9 billion electronic equipment manufacturer. According to InvestingPro data, the stock currently trades at a P/E ratio of 25.6x, with analysts setting price targets ranging from $50 to $65. Over the past year, the stock has experienced a robust increase, with a 1-year change of 77.35%. This surge reflects strong investor confidence and positive market sentiment towards Flex Ltd, which maintains a "GOOD" financial health score according to InvestingPro analysis. The new high underscores the stock’s upward trajectory and positions Flex Ltd favorably in the eyes of investors and market analysts alike. InvestingPro has identified 14 additional investment tips for Flex Ltd, available with a subscription, including insights on management actions and earnings forecasts.
In other recent news, Nextracker Inc. has made a significant move by acquiring Origami Solar for approximately $53 million, marking its entry into the solar panel frame market with a focus on steel frames. Additionally, Nextracker introduced its NX PowerMerge trunk connector, designed to enhance the reliability of electrical systems in solar power plants. Meanwhile, Flex Ltd. has filed a prospectus supplement with the SEC, including a legal opinion regarding the shares covered by the prospectus. In another development, Flex has entered into a five-year warrant agreement with Amazon, which analysts at Raymond James view as a positive sign of a long-term partnership. KeyBanc Capital Markets has maintained an Overweight rating on Flextronics stock, despite a recent sell-off, noting the company exceeded fiscal first-quarter 2026 expectations and raised its revenue guidance to $26.5 billion.
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