🔴 NEXTDC is trading 42% down today after cutting FY27 revenue guidance on power delays

NEXTDC is trading at A$5.35, down 41.72%, after cutting FY27 net revenue guidance over power-network delays at M3 Melbourne data centre.

• Guidance fell to A$475–500 million from A$615–640 million after delays deferred about A$140 million in contracted revenue; the next grid-supply increase is expected in FY28.
• Reuters reported a 41.7% close decline as the ASX200 rose 0.16%. NEXTDC put new development projects and land acquisitions on hold; the move was company-specific, not explained by positive technology-sector context.