New York, June 29, 2026, 10:09 EDT
- NNBR jumped 39.47% at 10:06 a.m. EDT, with trading volume at 56.3 million shares—roughly 56 times its 65-day average, according to .
- Volume was already above NN’s public float of 46.5 million shares. Short interest came in at 2.09 million shares.
- NN said the latest NVIDIA-related liquid-cooling contracts are still within its 2026 new-wins forecast of $80 million to $90 million.
- Earlier in the day, S&P Capital IQ said NNBR got cut from the Russell Microcap Value Benchmark Index.
NN, Inc. NASDAQ:NNBR jumped 39.47% to $3.8493 by 10:06 a.m. EDT Monday. The company said it won new liquid-cooling orders heading into NVIDIA Corporation NASDAQ:NVDA AI data center racks. Nearly 56.3 million shares had changed hands, far above the 65-day average of 1.0 million, with less than 40 minutes of trading in.
Trading volume tells the story better than price here. According to MarketWatch, NN’s public float stands at 46.5 million shares, with 2.09 million shares sold short as of June 15. That means morning turnover hit about 121% of the float. In comparison, the listed short interest made up just 3.7% of the volume traded by 10:06 a.m.
WSJ and MarketWatch have the numbers on the tape:
| NNBR tape check | Data |
|---|---|
| Price at 10:06 a.m. EDT | $3.8493 |
| Change | up 39.47% |
| Volume | 56.34 million |
| 65-day average volume | 1.01 million |
| Volume / 65-day average | 55.9x |
| Public float | 46.5 million |
| Volume / public float | 121.2% |
| Short interest | 2.09 million |
| Short interest / morning volume | 3.7% |
With 52.77 million shares and a $1.0893 gain per share, the morning rally boosted NN’s equity value by about $57 million since Friday’s close. Still, NN said these latest awards are already included in its earlier 2026 new-wins guidance. Any changes to 2026 and 2027 sales or EBITDA outlooks will come, if needed, when it reports Q2 results in early August, the company said.
NN said it has already pre-sold all capacity for 52 dedicated machines that will make liquid-cooled data center products. The batch covers 50 production lines and two sample machines. 47 of the machines will go to its Wuxi plant in China, which is set to supply NVIDIA’s Asia chain in China, Taiwan, and Vietnam.
Harold Bevis, NN’s president and CEO, said the company has “tripled the size” of its product line and is “building a meaningful position” in liquid-cooled AI systems. The company also retooled five of its automotive CNC production centers to start making for data centers, connecting to its plan to exit commodity auto products. NN, Inc.
The awards came while NN was facing index pressure. MarketScreener quoted S&P Capital IQ at 9:02 a.m. EDT, saying NN had been dropped from the Russell Microcap Value Benchmark Index. The stock on that page was up 36.96%.
Investors are going after the move because of the mix shift. NN’s June investor deck showed Electric Grid & Data Center now as its second-biggest market, with $73 million in trailing 12-month revenue and aiming for $100 million soon. The same deck showed global auto down to 44% of sales as of Q1 2026, from 65% in 2023.
| Data-center marker | Latest company data |
|---|---|
| Electric Grid & Data Center trailing 12-month sales | $73 million |
| Near-term goal for that business | $100 million |
| 2026 new-wins guidance | $80 million-$90 million |
| Dedicated liquid-cooling machines planned | 52 |
| Production capacity status | Sold out |
| Last new machine installation target | November 2026 |
Power Solutions is the margin story this quarter, covering grid and data center. Sales there jumped 27.3% to $55.4 million in Q1. Adjusted operating income climbed 81.8%, hitting $10.0 million. Mobile Solutions sales edged up just 1.4% to $63.1 million, but adjusted operating income dropped to $1.3 million from $1.6 million.
| Q1 2026 segment | Sales | Adjusted income from operations |
|---|---|---|
| Power Solutions | $55.4 million, up 27.3% | $10.0 million, up from $5.5 million |
| Mobile Solutions | $63.1 million, up 1.4% | $1.3 million versus $1.6 million |
NN posted Q1 sales of $118.5 million, a 12.1% gain, and adjusted EBITDA of $14.1 million, up 33%. The company raised its full-year outlook in May, now projecting $450 million to $470 million in sales, adjusted EBITDA of $52 million to $62 million, and $80 million to $90 million in new business wins.
