NN, Inc. (NNBR) Stock Price & How to Invest

NN, Inc. is a Charlotte, North Carolina based manufacturer of high-precision components and assemblies, with about 27 facilities, roughly 2,550 employees and 700+ customers across four continents. It reports two segments. Power Solutions (about $62 million of Q2 2026 sales, up ~40% year over year) makes stamped, plated and precision-machined electrical contacts and connectors used in grid equipment, data centers, defense electronics and medical devices. Mobile Solutions (about $67 million, up ~5%) makes precision parts for automotive fuel, braking, steering and electrification systems.

The investment picture is a turnaround. Under CEO Harold Bevis, NN exited underperforming plants and the Lubbock operation, which shrank 2025 sales to ~$422 million, then pivoted toward a "5 Pillar" growth program aimed at data center, defense, medical and electrical markets. 2026 has delivered: first-half sales rose ~16%, adjusted EBITDA margin reached ~13.9% in Q2, and in September management lifted full-year guidance to $470 to $490 million of sales and $58 to $68 million of adjusted EBITDA. The cost has been dilution: a $70 million PIPE in July, a $19 million preferred-for-common exchange, and a further ~$53 million PIPE at $3.30, announced October 2 and closed October 5, 2026, whose proceeds retired the last of the Series D preferred on October 8, together lifting the share count from about 50 million early in 2026 to 93.7 million common shares immediately after the October placement, plus pre-funded warrants for another 4.8 million. The stock has risen several-fold from a 52-week low near $1.10 to around $4, after spiking to nearly $4.80 intraday on October 2, 2026.

The company's roots go back to 1980 in eastern Tennessee, where it made precision steel balls for bearings. Its modern shape dates to October 2020, when it sold its Life Sciences business to affiliates of American Securities for a $755 million cash base price plus a potential earnout of up to $70 million, using the proceeds mainly to pay down debt. Harold Bevis, previously CEO of Commercial Vehicle Group and of Xerium Technologies, took over as president and CEO in May 2023. In 2025, North America accounted for 60% of sales, Asia 19%, Europe 11% and South America 10%, with plants in the US, Mexico, Brazil, France, Poland and China. NN also owns 49% of Wuxi Weifu Autocam Precision Machinery, a Chinese joint venture with Weifu that sells about $130 million a year and is accounted for under the equity method, so its sales do not appear in NN's revenue line.

Shareholders have absorbed heavy dilution in 2026, with two PIPEs and a preferred-for-common exchange adding tens of millions of shares, and further raises cannot be ruled out. The company still reports GAAP losses (about $48 million of trailing net loss attributable to common, including preferred costs) and carries roughly $165 million of term-loan debt. Mobile Solutions remains tied to automotive production volumes and posted a GAAP operating loss in Q2 2026. Higher precious metals prices flatter reported sales through pass-through pricing, and the stock's beta of roughly 2.7 means large swings in both directions, as the 24% one-day move on October 2, 2026 showed. Customer concentration matters too: NN's top ten customers made up about 49% of 2025 net sales, and one Mobile Solutions customer alone accounted for 11% of revenue in the first half of 2026. Sales outside the US were 46% of the 2025 total, which brings currency and tariff exposure across Mexico, Brazil, Europe and China. Excluding its share of joint venture income, Mobile Solutions earned an adjusted operating margin of only about 3.8% in Q2 2026, so the auto side contributes little profit while still carrying much of the fixed plant base. NN has said the term loan refinancing will come later, and until then the company keeps paying a double-digit interest rate on most of its debt. Finally, the 4.8 million pre-funded warrants from the October placement can be exercised for $0.01 a share at any time, so the share count used in many quote services may lag the economic total.

3 analysts publish price targets on NNBR, averaging $6.67 against a $4.51 price as of October 2026, or +47.9%. The published targets run from $6.00 to $7.00, a narrow spread, and the ratings split 3 buy, 0 hold, 0 sell. Over the last six months there have been 0 raises and 0 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full NNBR forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on NN, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Data center and electrical demand. Power Solutions grew ~40% in Q2 2026 on data center and grid-related demand, and management cites a $50 million+ data center pipeline with about 50 new machines being installed in 2026. The most optimistic published target, $7.00, assumes this works close to its best case.

The case against. Shareholders have absorbed heavy dilution in 2026, with two PIPEs and a preferred-for-common exchange adding tens of millions of shares, and further raises cannot be ruled out. The most pessimistic target, $6.00, is roughly what NNBR is worth if this bites instead.

Read the full bull and bear case on NNBR, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see NN, Inc.'s investor relations page or your broker.

• Revenue (TTM): ~$456 million
• Adjusted EBITDA (TTM): ~$57 million
• 2026 guidance (sales / adj. EBITDA): ~$470M to $490M / ~$58M to $68M
• Market cap: ~$370 million (93.7 million shares at $3.95)
• Price / sales (TTM): ~0.8x
• Long-term debt (June 30, 2026): ~$163 million

NN trades at under one times sales and, adding about $150 million of net debt at June 30, 2026, at roughly 8x to 9x the midpoint of 2026 adjusted EBITDA guidance. That is a discount to larger precision-component peers, reflecting GAAP losses, leverage and the auto exposure in Mobile Solutions. Share counts are moving quickly: the October placement left 93.7 million common shares outstanding, and counting the 4.8 million pre-funded warrants pushes the economic total near 98.6 million, so per-share figures from older sources can be misleading. The removal of the preferred also means common holders no longer rank behind a $122 million senior equity claim, which changes how the equity value should be read against earlier years.

Other names that sit close to NNBR: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get NNBR exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so NNBR sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where NNBR fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

NN is a high-beta industrial turnaround: revenue and margins are improving and the preferred stock is gone, but the shares have been diluted heavily and the company still runs at a GAAP loss with meaningful term-loan debt.

Whether NNBR is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is NNBR a buy or a sell?, and where the stock could go from here in the NNBR stock forecast.

For income investors, whether NNBR pays a dividend and how the payout looks is covered in does NNBR pay a dividend? And to weigh NNBR against a peer, read the full side-by-side comparisons: NNBR vs APH and NNBR vs TEL.