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Nextpower Inc ( (NXT) ) has shared an announcement.
On January 27, 2026, Nextpower reported third-quarter fiscal 2026 results for the period ended December 31, 2025, posting revenue of $909 million, up 34% year on year, GAAP net income of $131 million, and adjusted EBITDA of $214 million, supported by strong bookings, record backlog, and a robust demand environment in the U.S. and international markets. The company highlighted a debt-free balance sheet with $953 million in cash and operating cash flow of $391 million year to date, achieved an investment-grade credit rating from Fitch, completed a strategic rebrand to Nextpower, expanded U.S. operations and tracker manufacturing, launched new products and an acquisition in data-driven soiling management, and finalized its Nextpower Arabia joint venture, including a 2.25 GW supply commitment for one of the world’s largest utility-scale solar projects. Reflecting confidence in its cash generation and balance sheet strength, the board approved a share repurchase program authorizing buybacks of up to $500 million of Class A common stock over three years, and management raised its full-year 2026 outlook, guiding to higher revenue, profitability, and adjusted earnings, underscoring the company’s strengthened financial and competitive position in the utility-scale solar technology sector.
The most recent analyst rating on (NXT) stock is a Buy with a $124.00 price target. To see the full list of analyst forecasts on Nextpower Inc stock, see the NXT Stock Forecast page.
Spark’s Take on NXT Stock
According to Spark, TipRanks’ AI Analyst, NXT is a Outperform.
Score is driven primarily by strong financial performance (healthy margins, robust free cash flow, and no debt) and a very positive earnings call with raised FY’26 guidance and strong backlog. Technicals are supportive with price above major moving averages and positive momentum. Valuation is a modest constraint given the ~25.7 P/E and no dividend yield support in the provided data.
To see Spark’s full report on NXT stock, click here.
More about Nextpower Inc
Nextpower Inc. (Nasdaq: NXT), formerly Nextracker, is a leading provider of intelligent power generation systems and an end-to-end solar technology platform serving utility-scale solar power plants globally. The Fremont, California–based company offers solar tracking systems, power conversion solutions, monitoring software, and integrated technology bundles, with growing operations in the U.S., Europe, Australia, and the Middle East and North Africa, where it is targeting the rapidly expanding utility-scale solar market through its new Nextpower Arabia joint venture.
Average Trading Volume: 1,961,247
Technical Sentiment Signal: Buy
Current Market Cap: $15.92B
See more insights into NXT stock on TipRanks’ Stock Analysis page.