Nextpower
Builds integrated tracking, electrical, storage, and control systems for utility-scale power plants.
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Profile
Sells solar trackers, foundations, electrical hardware, control software, central inverters, and battery energy storage systems to utility-scale developers, owners, and contractors worldwide. Sales are largely project-based and depend on power-plant construction schedules, financing, and renewable-energy policy.
Designs and supplies utility-scale power technology spanning NX Horizon solar trackers, NX Foundation Solutions, steel module frames, Bentek electrical balance-of-system hardware, and TrueCapture and NX Navigator software. Its independent-row tracker architecture and control software adapt panel angles to terrain, weather, and site conditions.
Recent acquisitions added Prevalon battery energy storage systems and lifecycle services, plus Apex and Zigor central inverters for solar and storage projects. AI and robotics tools support plant inspection and operations. Customers include project developers, owners, and engineering, procurement, and construction firms across the United States and international markets.
Relies mainly on contract manufacturers, with limited owned production for controllers and electrical hardware. Demand remains tied to utility-scale project schedules, project financing, renewable-energy incentives, and trade and supply-chain rules.
Company facts
Categories
Key statistics
Year to date −7.9% · Average volume (30d) 2.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | Mizuho Securities | Target | $142 | $111 | ||
| Aug 3, 2026 | UBS | Reiterate | Buy | $170 | $160 | |
| Aug 3, 2026 | Deutsche Bank | Target | $140 | $137 | ||
| Jul 31, 2026 | Jefferies | Reiterate | Buy | $153 | $131 | |
| Jul 31, 2026 | Susquehanna | Reiterate | Positive | $168 | $157 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q1 FY27 | $1.05 | $1.20 | +14.3% | $935.4M | $935.2M | 0.0% | −7.25% |
| May 12, 2026Q4 FY26 | $0.92 | $1.05 | +13.8% | $826.3M | $880.5M | +6.6% | +8.77% |
| Jan 27, 2026Q3 FY26 | $0.93 | $1.10 | +18.3% | $815.3M | $909.4M | +11.5% | +13.28% |
| Oct 23, 2025Q2 FY26 | $1.06 | $1.19 | +12.3% | $857.7M | $905.3M | +5.6% | +8.74% |
Financial highlights
| 12 quarters | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $924.3M | $864.3M | $905.3M | $909.4M | $880.5M | $935.2M | |
| Gross profit | $305.7M | $277.1M | $291.6M | $286.8M | $297.4M | $335.9M | |
| Operating income | $195.3M | $187.3M | $183.9M | $176.5M | $153.6M | $190.9M | |
| Net income | $156.8M | $157.2M | $146.9M | $131.2M | $150.6M | $165.4M | |
| Diluted EPS | $1.05 | $1.04 | $0.97 | $0.85 | $0.97 | $1.07 | |
| Gross margin | 33.1% | 32.1% | 32.2% | 31.5% | 33.8% | 35.9% | |
| Operating margin | 21.1% | 21.7% | 20.3% | 19.4% | 17.4% | 20.4% |
Fiscal years (4-quarter sums)FY22 $1.46B · FY23 $1.90B · FY24 $2.50B · FY25 $2.96B · FY26 $3.56B
Revenue by product · Q1 FY27
Revenue by geography · Q1 FY27
Balance sheet, Jul 3, 2026Cash & short-term investments $1.21B · Total debt $0 · Total assets $4.26B · Shareholders' equity $2.56B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 151.65M · Float 148.46M · 97.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 21.14M | 13.94% | 13F | Aug 7, 2026 |
| FMR LLC | 18.75M | 12.37% | 13F | Aug 13, 2026 |
| Primecap Management Co/CA/ | 6.69M | 4.41% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 6.50M | 4.29% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 5.96M | 3.93% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Julia Blunden | director | −3,692 | $84.10 |
| Aug 21, 2026 | Julia Blunden | director | −3,723 | $88.08 |
| Aug 19, 2026 | Brandi Elizabeth Thomas | director | −7,415 | $91.25 |
| Aug 11, 2026 | Howard Wenger | director, officer: President | −11,176 | $104.78 |
| Aug 10, 2026 | Daniel S. Shugar | director, officer: Chief Executive Officer | −67,636 | $103.07 |
Peers
- Array Technologies
Closest US publicly-traded tracker rival; head-to-head in utility-scale bids.
- Shoals Technologies Group
#1 US eBOS provider; direct competition since NXT acquired Bentek in May 2025.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nextpower | $85.75 | +0.36% | $12.96B | 22.1 | 17.8 | 3.6 | +8.2% |
| Array Technologies | $4.64 | +1.09% | $706.1M | — | 5.8 | 0.6 | −5.6% |
| Shoals Technologies Group | $7.25 | +1.61% | $1.20B | 38.4 | 14.3 | 2.0 | +47.4% |
| Median | 38.4 | 10.0 | 1.3 | +20.9% |