Nextpower Inc (NXT)
NASDAQ:NXT
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Nextpower Inc
(NASDAQ:NXT)
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Rating:80Outperform
Price Target:
$124.00
▲(9.16% Upside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by strong financial performance (high margins, strong ROE, and no debt) and a constructive earnings update with raised FY2026 guidance, record backlog commentary, and a sizable buyback authorization. Technicals are supportive with the stock above major moving averages, while valuation is the main limiter with a ~24.6 P/E and no dividend yield provided.
Positive Factors
De-risked Balance Sheet
Zero debt and materially rebuilt equity provide durable financial flexibility, lowering bankruptcy and refinancing risk. This capital structure supports sustained investment in manufacturing, R&D, buybacks, and weathering policy volatility over the next 2–6 months and beyond.
Negative Factors
Persistent Tariff Headwinds
Recurring tariff costs are a structural margin pressure that can erode operating profitability over time. Because tariffs are policy-dependent, they create ongoing uncertainty in gross-margin trajectory and make forward margins sensitive to trade rulings and sourcing changes.
Read all positive and negative factors
Positive Factors
Negative Factors
De-risked Balance Sheet
Zero debt and materially rebuilt equity provide durable financial flexibility, lowering bankruptcy and refinancing risk. This capital structure supports sustained investment in manufacturing, R&D, buybacks, and weathering policy volatility over the next 2–6 months and beyond.
Read all positive factors
Nextpower Inc (NXT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$16.87B
Dividend YieldN/A
Average Volume (3M)1.84M
Price to Earnings (P/E)24.6
Beta (1Y)1.12
Revenue Growth20.37%
EPS Growth3.46%
CountryUS
Employees1,300
SectorTechnology
Sector Strength88
IndustryConsumer Electronics
Share Statistics
EPS (TTM)1.10
Shares Outstanding148,475,850
10 Day Avg. Volume1,660,617
30 Day Avg. Volume1,838,879
Financial Highlights & Ratios
PEG Ratio-1.12
Price to Book (P/B)3.72
Price to Sales (P/S)2.04
P/FCF Ratio9.73
Enterprise Value/Market Cap0.98
Enterprise Value/Revenue4.60
Enterprise Value/Gross Profit14.18
Enterprise Value/Ebitda21.41
Forecast
1Y Price Target
$125.46Price Target Upside10.45% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering20
EPS Forecast (FY)4.72
Revenue Forecast (FY)$3.93B
Nextpower Inc Business Overview & Revenue Model
Company Description
Nextracker Inc., an energy solutions company, provides solar tracker solutions for PV projects. The company offers solar trackers, such as Bifacial PV modules for large-scale solar; NX Horizon for solar power plants; NX Gemini two-in-portrait sola...
Nextpower Inc Earnings Call Summary
Earnings Call Date:Jan 27, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:May 20, 2026
Earnings Call Sentiment Positive
The call presented strong operational and financial momentum: robust revenue and EBITDA growth, record backlog/bookings commentary, excellent cash generation, a clean balance sheet and the milestone investment-grade rating. Management highlighted meaningful product and geographic expansion (new JV in Saudi Arabia, Europe expansion, bundled product wins and power conversion pilots) and raised fiscal 2026 guidance. Headwinds cited were manageable but tangible: rising tariff impacts ($44M), U.S. concentration (81% of Q3 revenue), project timing variability and limited disclosure on some booking/attach details. On balance, positives materially outweigh the negatives.Positive Updates
Revenue Growth
Q3 revenue of $909 million, up 34% year-over-year; fiscal year-to-date revenue of $2.68 billion, up 32% year-over-year. Company raised FY2026 revenue guidance to $3.425–$3.5 billion.
Negative Updates
Tariff-Related Margin Pressure
Tariff impact increased to $44 million in the quarter (from $33 million the prior quarter) due to the effective date timing, and management expects tariff-related margin pressure to remain a manageable headwind but persistent.
Read all updates
Q3-2026 Updates
Positive
Negative
Revenue Growth
Q3 revenue of $909 million, up 34% year-over-year; fiscal year-to-date revenue of $2.68 billion, up 32% year-over-year. Company raised FY2026 revenue guidance to $3.425–$3.5 billion.
Read all positive updates
Company Guidance
Nextpower raised its fiscal 2026 outlook, now expecting revenue of $3.425–$3.50 billion, adjusted EBITDA of $810–$830 million and adjusted diluted EPS of $4.26–$4.36, with gross margins expected in the low‑30s and operating margins in the low‑20s (assuming current U.S. policy and permitting timelines). The upgrade follows a strong Q3 and year‑to‑date performance — Q3 revenue was $909 million with adjusted EBITDA of $214 million (23% margin) and fiscal YTD revenue of $2.68 billion — plus robust cash generation (Q3 operating cash flow $123 million, YTD $391 million; adjusted free cash flow Q3 $119 million, YTD $360 million), a $953 million cash balance with no debt, a record backlog and an announced $500 million share buyback authorization over three years; management noted tariffs pressured margins by $44 million in the quarter (vs. $33 million prior) but expects tariff headwinds to remain manageable.Nextpower Inc Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.60B | 2.96B | 2.50B | 1.90B | 1.46B | 1.20B |
| Gross Profit | 1.17B | 1.01B | 691.64M | 286.97M | 147.03M | 231.98M |
| EBITDA | 773.78M | 652.52M | 591.48M | 174.55M | 90.00M | 175.34M |
| Net Income | 592.07M | 509.17M | 306.24M | 118.89M | 50.91M | 124.35M |
Balance Sheet | ||||||
| Total Assets | 3.80B | 3.19B | 2.52B | 1.42B | 1.02B | 880.97M |
| Cash, Cash Equivalents and Short-Term Investments | 952.62M | 766.10M | 474.05M | 130.01M | 29.07M | 217.99M |
| Total Debt | 0.00 | 0.00 | 147.72M | 150.55M | 7.20M | 7.50M |
| Total Liabilities | 1.65B | 1.56B | 1.53B | 934.82M | 516.16M | 424.92M |
| Stockholders Equity | 2.15B | 1.63B | 961.01M | -3.08B | 501.13M | 456.05M |
Cash Flow | ||||||
| Free Cash Flow | 589.26M | 621.87M | 422.31M | 104.49M | -153.03M | 91.31M |
| Operating Cash Flow | 630.80M | 655.79M | 428.97M | 107.67M | -147.11M | 94.27M |
| Investing Cash Flow | -175.90M | -186.10M | -6.66M | -3.16M | -5.75M | -2.96M |
| Financing Cash Flow | -195.82M | -177.65M | -78.27M | -3.57M | -8.66M | 96.33M |
Nextpower Inc Technical Analysis
Positive
113.59
Price Trends
115.74
Negative
103.80
Positive
88.26
Positive
Market Momentum
>-0.01
Positive
48.65
Neutral
32.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NXT, the sentiment is Positive. The current price of 113.59 is below the 20-day moving average (MA) of 117.49, below the 50-day MA of 115.74, and above the 200-day MA of 88.26, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.65 is Neutral, neither overbought nor oversold. The STOCH value of 32.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | $16.87B | 24.63 | 31.28% | ― | 20.37% | 3.46% | |
62 Neutral | $2.53B | -4.26 | -80.50% | ― | -0.14% | 66.71% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | $1.17B | 42.34 | 5.78% | ― | 2.68% | 2.90% | |
55 Neutral | $4.10B | 27.11 | 18.25% | ― | 20.97% | 226.98% | |
53 Neutral | $1.10B | ― | -15.43% | ― | 35.75% | 37.97% | |
40 Underperform | $824.43M | -15.38 | -3.69% | ― | -4.46% | 1645.26% |
* Technology Sector Average
NXT
Nextpower Inc
113.59
74.36
189.55%
CSIQ
Canadian Solar
12.31
4.89
65.90%
ENPH
Enphase Energy
31.26
-20.63
-39.76%
SEDG
SolarEdge Technologies
41.84
29.08
227.90%
ARRY
Array Technologies
7.21
2.95
69.25%
SHLS
Shoals Technologies Group
6.97
3.56
104.40%
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.