Nextpower Inc.

Nextpower Inc.

NXT · NASDAQ · Technology / Solar

95.03USD+1.43 (+1.53%)

Price History

Full chart

Market Stats

Previous Close93.60
Open93.91
Day Range91.47 – 96.00
52-Week Range75.41 – 163.13
Volume2.00M
Market Cap15.34B
P/E (TTM)25.15
Forward P/E22.03
EPS4.00
Dividend Yield0.00%
Beta1.93
50-Day Avg84.48
200-Day Avg106.85

About

Nextpower Inc. provides solar and energy technology solutions for utility-scale power plants in the United States and internationally. It offers tracking solutions, including NX Horizon, a solar tracking solution; NX Horizon-XTR, a terrain-following tracker to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain; NX Horizon Hail Pro adds automatic stowing using weather service information; and NX Horizon Low Carbon, a solar tracker solution with a reduced carbon footprint. The company also provides TrueCapture, an energy yield management system that addresses power production shortfalls; NX Anchor and NX Earth Truss, a solar foundation technology to facilitate solar project development in challenging soil conditions; Truss Driver, an advanced installation equipment; and NX Navigator, which assists solar power plant owners and operators in monitoring, controlling, and protecting their solar projects. It serves engineering, procurement, and construction firms, as well as solar project developers and owners. The company was formerly known as Nextracker Inc. and changed its name to Nextpower Inc. in November 2025. The company was founded in 2013 and is headquartered in Fremont, California.

Company Details

  • SectorTechnology
  • IndustrySolar
  • CEOMr. Daniel S. Shugar
  • Employees1.99K
  • Headquarters6200 Paseo Padre Parkway, Fremont, CA, United States, 94555, USA
  • Websitehttps://www.nextpower.com

Leadership

  • Mr. Daniel S. ShugarCo-Founder, CEO & Director · b. 1964
  • Mr. Howard J. WengerDirector & President · b. 1960
  • Mr. Nicholas MillerCo-Founder & Chief Project Development Officer · b. 1969
  • Mr. Charles D. BoyntonChief Financial Officer · b. 1968
  • Mr. Marco GarciaCo-Founder & Chief Commercial Officer
  • Mr. Alex AuCo-Founder & CTO
  • Mr. Mike MehawichCo-Founder & Chief Strategy Officer
  • Mr. Robert VinjeChief Operating Officer · b. 1970
  • Mr. David P. BennettChief Accounting Officer · b. 1970
  • Ms. Sarah LeeHead of Investor Relations

Financials

Income Statement

Currency: USD2019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Revenue660.74M1.17B1.20B1.46B1.90B2.50B2.96B3.56B
Growth (%)-+77.27%+2.08%+21.91%+30.50%+31.42%+18.38%+20.28%
Cost of Revenue604.21M958.38M963.64M1.31B1.62B1.81B1.96B2.40B
Gross Profit56.53M212.91M231.98M147.03M286.97M691.64M998.16M1.16B
Gross Margin8.56%18.18%19.40%10.09%15.09%27.67%33.73%32.59%
Operating Expense55.37M64.00M73.45M81.12M118.49M104.53M359.05M462.83M
Operating Income1.17M148.91M158.53M65.91M168.49M587.12M639.11M697.27M
Operating Margin0.18%12.71%13.26%4.52%8.86%23.49%21.60%19.59%
EBITDA19.73M166.85M175.34M90.00M174.55M626.18M674.52M747.05M
EBITDA Margin2.99%14.25%14.67%6.17%9.18%25.05%22.79%20.99%
Net Income-1.59M118.26M124.35M50.91M118.89M306.24M509.17M585.88M
Net Income Margin-0.24%10.10%10.40%3.49%6.25%12.25%17.21%16.46%
R&D8.56M8.64M13.01M14.18M21.62M42.36M79.39M120.91M
R&D as % of Total Revenue1.30%0.74%1.09%0.97%1.14%1.69%2.68%3.40%
Interest Expense-502.00K502.00K34.00K1.83M13.82M13.10M2.62M
Interest Expense % of Total Revenue-0.04%0.04%0.00%0.10%0.55%0.44%0.07%

Balance Sheet

Currency: USD2019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Assets557.44M619.16M880.97M1.02B1.42B2.52B3.19B4.07B
Total Liabilities198.10M388.10M424.92M516.16M934.82M1.53B1.56B1.74B
Total Equity359.34M231.06M456.05M501.13M-3.08B961.01M1.63B2.33B
Cash14.37M2.95M190.59M29.07M130.01M474.05M766.10M1.09B
Total Debt-5.40M4.50M4.50M150.55M169.02M34.11M52.86M
Net Debt-14.37M2.45M-186.09M-24.57M20.54M-305.03M-731.99M-1.04B

Cash Flow

Currency: USD2019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Operating Cash Flow-13.92M241.00M94.27M-147.11M107.67M428.97M655.79M556.45M
Investing Cash Flow-4.13M-1.66M-2.96M-5.75M-3.16M-6.66M-186.10M-182.41M
Financing Cash Flow11.62M-250.76M96.33M-8.66M-3.57M-78.27M-177.65M-45.17M
Capital Expenditure4.52M1.66M2.96M5.92M3.18M6.66M33.92M44.81M
Free Cash Flow-18.44M239.34M91.31M-153.03M104.49M422.31M621.87M511.64M
Dividends Paid-331.40M331.40M19.92M170.00M---
FCF to OCF132.51%99.31%96.86%104.02%97.04%98.45%94.83%91.95%
Dividend Paid to FCF-138.46%362.94%-13.02%162.70%---

Earnings

Report DateDec 10, 2021Sep 23, 2022Feb 10, 2023May 10, 2023Jul 26, 2023Oct 25, 2023Jan 31, 2024May 14, 2024Aug 1, 2024Oct 30, 2024Jan 28, 2025May 14, 2025Jul 29, 2025Oct 23, 2025Jan 27, 2026May 12, 2026Jul 30, 2026Oct 22, 2026Oct 28, 2026
EPS Estimate0.000.000.000.320.300.360.490.690.650.610.590.981.021.010.940.930.800.870.86
EPS Actual0.110.170.090.200.480.650.960.960.930.971.031.291.161.191.101.051.10-1.12
Surprise----37.50%60.00%80.56%95.92%39.13%43.08%59.02%74.58%31.63%13.73%17.82%17.02%12.90%37.50%-30.23%
Timing--After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hours

Key Statistics & Ratios

Market Cap15.34B
Enterprise Value14.48B
Trailing P/E25.15
Forward P/E22.03
PEG Ratio3.15
Price / Sales4.00
Price / Book5.68
EPS4.00
Book Value17.56
Revenue (TTM)3.83B
Gross Profit (TTM)837.27M
EBITDA755.65M
Profit Margin15.98%
Operating Margin18.63%
Return on Equity26.46%
Return on Assets10.75%
Shares Outstanding150.58M
Shares Float147.94M
Beta1.93
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 29 analystsTarget 127.38
  • Strong Buy
    19
  • Buy
    7
  • Hold
    2
  • Sell
    1

Ownership Breakdown

Institutions
109.88%
Insiders
0.65%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    21.14M14.04%
  • FMR Inc
    18.75M12.45%
  • PRIMECAP Management Company
    6.69M4.44%
  • Vanguard Capital Management, LLC
    6.50M4.32%
  • Vanguard Portfolio Management, LLC
    5.96M3.96%
  • Amvescap Plc.
    4.87M3.23%
  • State Street Corp
    4.74M3.15%
  • Wellington Management Company LLP
    3.43M2.28%
  • Geode Capital Management, LLC
    3.42M2.27%
  • Fundsmith LLP
    2.86M1.90%
  • Pictet Asset Manangement SA
    2.56M1.70%
  • T. Rowe Price Associates, Inc.
    2.46M1.63%

Top Fund Holders

  • iShares Core S&P Mid-Cap ETF
    5.45M3.62%
  • Vanguard MStar Total Stk Mkt Idx Invest
    4.60M3.06%
  • First Trust RBA Amer Indl RenaisTM ETF
    3.29M2.19%
  • Vanguard Small Cap Index
    3.24M2.15%
  • Fidelity OTC
    3.16M2.10%
  • iShares Global Clean Engy Trns ETF $Dist
    3.02M2.00%
  • BGF Sustainable Energy A2
    2.91M1.93%
  • Vanguard Capital Opportunity Inv
    2.68M1.78%