Street Calls of the Week
Flex Ltd. NASDAQ:FLEX Chief Accounting Officer Daniel Wendler sold 10,000 shares of the company’s ordinary shares on September 10, 2025, at a price of $56.66, totaling $566,600. The sale comes as the $21.6 billion electronic equipment manufacturer trades near its 52-week high of $58.59, having delivered an impressive 92% return over the past year. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
Following the transaction, Wendler directly owns 37,619 shares, which includes 4,484 unvested restricted share units that will vest in two equal annual installments beginning on June 12, 2026; 5,164 unvested RSUs, which will vest in three equal annual installments beginning on June 12, 2026; and 3,238 unvested RSUs, which will vest on June 14, 2026.
The sale was executed under a Rule 10b5-1(c) trading plan adopted by Wendler on June 11, 2025.
In other recent news, Nextracker Inc. acquired Origami Solar for approximately $53 million, marking its entry into the solar panel frame market. This acquisition focuses on steel frames as an alternative to traditional aluminum frames used in solar panels. Nextracker also introduced its NX PowerMerge trunk connector, a new DC power component designed to enhance the reliability of solar installations. Meanwhile, Flex Ltd. filed a prospectus supplement with the Securities and Exchange Commission, including a legal opinion on the shares covered by the supplement. Flex has also entered a five-year warrant agreement with Amazon, which is seen by Raymond James as a positive indicator of their commercial relationship. KeyBanc Capital Markets maintained its Overweight rating on Flextronics, noting the company’s improved revenue guidance to $26.5 billion. Despite this, the firm’s stock saw a decline, attributed to concerns over operating margin guidance. These developments highlight significant strategic moves and financial adjustments by both Nextracker and Flex Ltd.
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