NN Surges on New NVIDIA Supply Awards and AI Cooling Expansion

NN, Inc. (NNBR) is up 40.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely catalyst is NN’s June 29 announcement that it won significant additional awards for liquid-cooling products used in NVIDIA AI data center racks. Investors appear to be reacting to the combination of new multi-year business, fully committed added capacity, and management’s comment that the ramp should contribute to 2026 sales, reinforcing the company’s shift toward faster-growing data center and electric grid markets.

Details:

NN said it secured additional immediate-supply 2026 awards for stainless-steel liquid-cooling products tied to the NVIDIA supply chain, expanding a product line it launched earlier this year.

The company said it now expects to have 52 dedicated machines for these liquid-cooling products, including 30 newly procured CNC machines, 17 previously announced machines, and 5 repurposed automotive production centers.

Management said 100% of the production capacity tied to this expansion has already been pre-sold, and that the ramp underway in the second quarter should be additive to 2026 sales.

Earlier in 2026, NN highlighted strong first-quarter results, raised full-year guidance, and identified data center and electric grid as major growth markets, which may have made today’s contract news more credible to investors.

Sources:

NN, Inc., SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$NNBR Insider Trading Activity

$NNBR insiders have traded $NNBR stock on the open market 28 times in the past 6 months. Of those trades, 0 have been purchases and 28 have been sales.

Here’s a breakdown of recent trading of $NNBR stock by insiders over the last 6 months:

PARTNERS MANAGEMENT, LLC CORRE has made 0 purchases and 18 sales selling 1,636,916 shares for an estimated $3,929,987.
JOHN FREDERICK BARRETT has made 0 purchases and 9 sales selling 1,636,916 shares for an estimated $3,929,987.
RAYMOND T. WHITE sold 18,782 shares for an estimated $45,298

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$NNBR Hedge Fund Activity

We have seen 30 institutional investors add shares of $NNBR stock to their portfolio, and 29 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

NOMURA HOLDINGS INC removed 1,060,000 shares (-35.3%) from their portfolio in Q1 2026, for an estimated $1,537,000
FIRST MANHATTAN CO. LLC. added 333,000 shares (+11.1%) to their portfolio in Q1 2026, for an estimated $482,850
DIMENSIONAL FUND ADVISORS LP removed 305,128 shares (-52.0%) from their portfolio in Q1 2026, for an estimated $442,435
ANCORA ADVISORS LLC removed 290,770 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $372,185
JOHNSON FINANCIAL GROUP, LLC added 270,494 shares (+inf%) to their portfolio in Q1 2026, for an estimated $392,216
RENAISSANCE TECHNOLOGIES LLC added 181,540 shares (+49.4%) to their portfolio in Q1 2026, for an estimated $263,233
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. removed 179,677 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $260,531

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.