Nextpower Inc. (NXT)
NASDAQ:NXT
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Nextpower Inc
(NASDAQ:NXT)
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Rating:75Outperform
Price Target:
$135.00
▲(21.20% Upside)
Action:Reiterated
Date:05/30/26
The score is driven primarily by strong underlying profitability and a very low-risk balance sheet, plus strong bullish price trend. These positives are tempered by premium valuation (high P/E) and some fundamental near-term soft spots—slower/negative recent revenue growth and weaker cash-flow conversion—along with investment and execution risks highlighted on the earnings call.
Positive Factors
High Profitability
Sustained double-digit net and high-teens operating/EBITDA margins indicate durable pricing power and operational scale in core products. These margins provide a structural cushion to absorb cyclical cost swings and fund investments while preserving long-term cash generation capacity.
Negative Factors
Slowing Revenue Momentum
After strong 2023–2025 expansion, the recent revenue dip signals fading momentum and greater sensitivity to timing of large projects. Slower top-line growth can limit operating leverage and makes future margin expansion more dependent on execution and successful diversification initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability
Sustained double-digit net and high-teens operating/EBITDA margins indicate durable pricing power and operational scale in core products. These margins provide a structural cushion to absorb cyclical cost swings and fund investments while preserving long-term cash generation capacity.
Read all positive factors
Nextpower Inc (NXT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$17.98B
Dividend YieldN/A
Average Volume (3M)2.48M
Price to Earnings (P/E)30.3
Beta (1Y)1.15
Revenue Growth20.28%
EPS Growth11.56%
CountryUS
Employees1,300
SectorTechnology
Sector Strength88
IndustryConsumer Electronics
Share Statistics
EPS (TTM)3.94
Shares Outstanding150,274,480
10 Day Avg. Volume2,438,309
30 Day Avg. Volume2,483,180
Financial Highlights & Ratios
PEG Ratio2.64
Price to Book (P/B)7.64
Price to Sales (P/S)5.01
P/FCF Ratio34.87
Enterprise Value/Market Cap1.25
Enterprise Value/Revenue6.30
Enterprise Value/Gross Profit19.44
Enterprise Value/Ebitda30.36
Forecast
1Y Price Target
$154.47Price Target Upside38.67% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering20
EPS Forecast (FY)4.6
Revenue Forecast (FY)$4.16B
Nextpower Inc Business Overview & Revenue Model
Company Description
Nextracker Inc. is an energy solutions provider specializing in solar tracking systems for photovoltaic (PV) installations. Their product lineup encompasses a variety of solar trackers, such as Bifacial PV modules tailored for extensive solar farm...
Nextpower Inc Earnings Call Summary
Earnings Call Date:May 12, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call emphasized strong full-year performance driven by 20% revenue growth, record backlog (> $5.25B), robust adjusted EBITDA ($854M), excellent cash generation ($514M FCF) and a raised FY27 guidance range. Management highlighted meaningful product and platform traction (eBOS, foundations, trackers, TrueCapture) and strategic expansion into power conversion with a near-term acquisition and planned $130M of investment. Near-term headwinds include a Q4 sequential revenue dip, elevated freight/logistics costs (partly from Middle East disruptions), initial margin pressure from platform investments, and regulatory approval risk on the acquisition. On balance, operational and financial strengths, backlog, guidance raise and strategic investments outweigh the manageable near-term challenges, supporting a constructive outlook.Positive Updates
Strong Full-Year Revenue Growth
Full fiscal year revenue of approximately $3.56 billion, representing 20% year-over-year growth and finishing well above initial plan.
Negative Updates
Q4 Sequential Revenue Decline and JV Accounting Effect
Q4 revenue was $881 million, down 3% sequentially. The first quarter including the new Middle East JV was not consolidated, reducing reported revenue by ~300 basis points.
Read all updates
Q4-2026 Updates
Positive
Negative
Strong Full-Year Revenue Growth
Full fiscal year revenue of approximately $3.56 billion, representing 20% year-over-year growth and finishing well above initial plan.
Read all positive updates
Company Guidance
Management guided FY27 revenue of $3.8–$4.1 billion and adjusted EBITDA of $825–$900 million, supported by a record backlog (> $5.25 billion) and FY26 momentum (FY26 revenue ~$3.56B, +20% YoY; FY26 adjusted EBITDA $854M; Q4 revenue $881M; Q4 adj. EBITDA $202M, 23% margin). They expect U.S. concentration in the high‑70% range (rest of world low‑20s), >40% growth in non‑tracker revenue (bringing non‑tracker to ~15% of total), Q1 sequential revenue growth in the low single digits, gross margins in the low‑30s, and adjusted EBITDA margins in the low‑20% range. Near‑term operating expenses are expected at 10.5–11.5% of revenue (returning to a long‑term 8–9%), capex $75–$100M, and adjusted free cash flow $450–$500M; balance sheet highlights include ~$1.1B cash, no debt and an investment‑grade rating. Management also plans to invest ~ $130M to accelerate the power‑conversion business (≈ $50M incremental COGS/OpEx plus up to $80M in the asset purchase agreement).Nextpower Inc Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
67
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.56B | 2.96B | 2.50B | 1.90B | 1.46B |
| Gross Profit | 1.16B | 998.16M | 691.64M | 286.97M | 147.03M |
| EBITDA | 747.05M | 674.52M | 626.18M | 174.55M | 90.00M |
| Net Income | 585.88M | 509.17M | 306.24M | 118.89M | 50.91M |
Balance Sheet | |||||
| Total Assets | 4.07B | 3.19B | 2.52B | 1.42B | 1.02B |
| Cash, Cash Equivalents and Short-Term Investments | 1.09B | 766.10M | 474.05M | 130.01M | 29.07M |
| Total Debt | 0.00 | 34.11M | 169.02M | 150.55M | 4.50M |
| Total Liabilities | 1.74B | 1.56B | 1.53B | 934.82M | 516.16M |
| Stockholders Equity | 2.33B | 1.63B | 961.01M | -3.08B | 501.13M |
Cash Flow | |||||
| Free Cash Flow | 511.64M | 621.87M | 422.31M | 104.49M | -153.03M |
| Operating Cash Flow | 556.45M | 655.79M | 428.97M | 107.67M | -147.11M |
| Investing Cash Flow | -182.41M | -186.10M | -6.66M | -3.16M | -5.75M |
| Financing Cash Flow | -45.17M | -177.65M | -78.27M | -3.57M | -8.66M |
Nextpower Inc Technical Analysis
Neutral
111.39
Price Trends
124.24
Negative
119.38
Positive
102.56
Positive
Market Momentum
-0.44
Positive
44.16
Neutral
12.29
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NXT, the sentiment is Neutral. The current price of 111.39 is below the 20-day moving average (MA) of 134.41, below the 50-day MA of 124.24, and above the 200-day MA of 102.56, indicating a neutral trend. The MACD of -0.44 indicates Positive momentum. The RSI at 44.16 is Neutral, neither overbought nor oversold. The STOCH value of 12.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NXT.
Nextpower Inc Risk Analysis
Nextpower Inc disclosed 55 risk factors in its most recent earnings report. Nextpower Inc reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Nextpower Inc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $17.98B | 30.33 | 28.31% | ― | 20.28% | 11.56% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $7.24B | 53.44 | 13.28% | ― | -1.64% | -6.91% | |
61 Neutral | $3.55B | -9.60 | -79.58% | ― | 35.40% | 79.65% | |
58 Neutral | $1.15B | -17.01 | -20.64% | ― | 13.19% | 54.98% | |
57 Neutral | $1.66B | 49.38 | 5.67% | ― | 37.75% | 77.43% | |
46 Neutral | $1.07B | -10.45 | -3.60% | ― | -6.56% | -886.40% |
* Technology Sector Average
NXT
Nextpower Inc
119.68
60.26
101.41%
CSIQ
Canadian Solar
15.76
4.87
44.72%
ENPH
Enphase Energy
54.93
10.23
22.89%
SEDG
SolarEdge Technologies
58.44
37.42
178.02%
ARRY
Array Technologies
7.45
0.02
0.27%
SHLS
Shoals Technologies Group
9.89
4.94
99.80%
Nextpower Inc Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Nextpower to Acquire Prevalon Energy, Expands Storage Platform
Positive
May 28, 2026
On May 28, 2026, Nextpower Inc. announced a definitive agreement for its subsidiary to acquire Prevalon Energy, a Mitsubishi Power Americas and EES joint venture specializing in battery energy storage systems, for up to $365 million in cash and st...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.