Nextpower (NASDAQ:NXT) Posts Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Nextpower (NASDAQ:NXT) released its quarterly earnings results on Tuesday. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.16, FiscalAI reports. The firm had revenue of $880.52 million for the quarter, compared to analyst estimates of $826.26 million. Nextpower had a return on equity of 29.43% and a net margin of 16.46%. Nextpower updated its FY 2027 guidance to 4.210-4.590 EPS.

Here are the key takeaways from Nextpower’s conference call:

• Nextpower said fiscal 2026 was a strong year, with 20% revenue growth to about $3.56 billion, record backlog above $5.25 billion, and adjusted EBITDA of $854 million. Management highlighted especially strong U.S. demand and bookings momentum.
• The company is seeing increasing traction from its platform strategy, with higher adoption of non-tracker products such as eBOS, foundations, steel frames, and software like TrueCapture. Management also pointed to record or rapidly growing bookings in several of these adjacent businesses.
• Nextpower announced an acquisition of power conversion products that it says will accelerate its move into a fuller “everything but the panel” solar platform and expand into storage and data center applications. The company expects some revenue from this business in fiscal 2027 and believes it can support higher long-term growth and margins.
• For fiscal 2027, management raised guidance to $3.8 billion to $4.1 billion in revenue and $825 million to $900 million in adjusted EBITDA. They also expect non-tracker revenue to grow more than 40% and rise to about 15% of total revenue.
• The company emphasized its strong cash generation and balance sheet, ending the year with about $1.1 billion in cash and no debt, while generating $514 million of adjusted free cash flow for the year. Management also reiterated share repurchases under its $500 million authorization and said the business earned an investment-grade rating during the year.

Nextpower Stock Performance

Nextpower stock traded up $2.05 during midday trading on Thursday, reaching $138.42. The company’s stock had a trading volume of 1,537,351 shares, compared to its average volume of 2,017,058. The firm has a market capitalization of $20.55 billion, a PE ratio of 35.93, a P/E/G ratio of 5.96 and a beta of 1.60. Nextpower has a fifty-two week low of $51.69 and a fifty-two week high of $156.78. The stock’s 50 day simple moving average is $116.34 and its 200 day simple moving average is $105.72.

Insider Buying and Selling at Nextpower

In other news, CEO Daniel S. Shugar sold 59,456 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $105.17, for a total value of $6,252,987.52. Following the completion of the transaction, the chief executive officer owned 746,339 shares in the company, valued at $78,492,472.63. This trade represents a 7.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.56% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Nextpower

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Nextpower by 19.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 437,490 shares of the company’s stock worth $18,436,000 after acquiring an additional 71,842 shares during the period. M&T Bank Corp acquired a new position in Nextpower during the second quarter worth $223,000. EverSource Wealth Advisors LLC boosted its position in Nextpower by 179.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock worth $61,000 after purchasing an additional 724 shares in the last quarter. Cerity Partners LLC grew its holdings in Nextpower by 154.0% in the second quarter. Cerity Partners LLC now owns 18,539 shares of the company’s stock valued at $1,008,000 after purchasing an additional 11,239 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in Nextpower by 36.5% in the second quarter. California Public Employees Retirement System now owns 222,960 shares of the company’s stock valued at $12,122,000 after purchasing an additional 59,573 shares during the last quarter. 67.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NXT shares. Citigroup increased their price objective on Nextpower from $114.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday. Mizuho increased their price target on Nextpower from $112.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday. Robert W. Baird lifted their price objective on shares of Nextpower from $133.00 to $156.00 and gave the company an “outperform” rating in a research report on Wednesday. Glj Research reissued a “buy” rating and issued a $147.33 price objective on shares of Nextpower in a research note on Monday, March 16th. Finally, UBS Group raised their target price on shares of Nextpower from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Nextpower presently has a consensus rating of “Moderate Buy” and an average target price of $132.76.

Trending Headlines about Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower beat Q4 estimates on both earnings and revenue, reinforcing demand strength and execution. Nextpower Reports Q4 and Fiscal Year 2026 Financial Results
• Positive Sentiment: The company raised FY2027 guidance, signaling management confidence in growth and profitability ahead. Nextpower Reports Q4 and Fiscal Year 2026 Financial Results
• Positive Sentiment: Nextpower announced a deal to acquire Zigor’s power conversion assets, expanding its product portfolio into battery storage and data-center-related opportunities. Nextpower Announces Definitive Agreement to Acquire Advanced Power Conversion Product Portfolio
• Positive Sentiment: Multiple analysts raised price targets after the earnings report, including JPMorgan, Susquehanna, Baird, TD Cowen, and BMO, which supports the bullish re-rating. Analyst price target updates
• Neutral Sentiment: Mizuho also lifted its price target, but kept a neutral rating, implying the stock may be somewhat stretched after the recent run-up. Mizuho price target update

Nextpower Company Profile

Nextpower, formerly known as Nextracker, is traded on NASDAQ under the symbol NXT and is a leading provider of advanced solar tracking solutions for utility-scale and distributed energy projects. The company specializes in the design, engineering and manufacturing of single-axis tracker systems that optimize the capture of solar energy by following the sun’s trajectory throughout the day. Nextpower’s core hardware offerings aim to enhance energy yield, reduce balance-of-system costs and simplify installation and maintenance for downstream solar developers and operators.

In addition to its tracker hardware, Nextpower provides a suite of digital software and analytics tools to maximize asset performance.