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

Nextpower (NASDAQ:NXT) announced its quarterly earnings data on Tuesday. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.89 by $0.16, FiscalAI reports. Nextpower had a net margin of 16.43% and a return on equity of 32.01%. The business had revenue of $880.52 million for the quarter, compared to analyst estimates of $826.26 million. 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 Up 13.7%

Shares of NASDAQ:NXT traded up $17.13 during midday trading on Wednesday, reaching $142.50. 3,185,137 shares of the company traded hands, compared to its average volume of 1,988,986. The firm’s fifty day moving average price is $115.69 and its two-hundred day moving average price is $105.39. The firm has a market capitalization of $21.16 billion, a price-to-earnings ratio of 36.39, a price-to-earnings-growth ratio of 6.00 and a beta of 1.60. Nextpower has a 12 month low of $51.69 and a 12 month high of $156.78.

Key Stories Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower beat fourth-quarter earnings and revenue estimates, signaling stronger-than-expected operating performance. Article: Nextpower Reports Q4 and Fiscal Year 2026 Financial Results
• Positive Sentiment: The company raised fiscal 2027 guidance, suggesting continued growth momentum and supporting the stock’s higher valuation. Article: Nextpower Stock Rises Sharply. Why the Solar Company Is Raising Guidance.
• Positive Sentiment: Several analysts lifted price targets after the report, including Susquehanna to $161, Robert W. Baird to $156, and TD Cowen to $135, reflecting improved sentiment around the name. Article: Analyst price target updates
• Neutral Sentiment: BMO Capital Markets also raised its target to $125 but kept a “market perform” rating, indicating a more cautious view despite the stronger results. Article: Analyst price target updates
• Neutral Sentiment: Nextpower announced an acquisition of power-conversion assets from Zigor and Apex Power, which could expand its solar and energy-storage product offerings over time, but the deal is still pending. Article: Nextpower Announces Definitive Agreement to Acquire Advanced Power Conversion Product Portfolio

Wall Street Analyst Weigh In

NXT has been the topic of several research analyst reports. Citigroup reiterated a “buy” rating on shares of Nextpower in a research note on Wednesday. Susquehanna raised their target price on Nextpower from $136.00 to $161.00 and gave the stock a “positive” rating in a research report on Wednesday. Barclays boosted their target price on Nextpower from $115.00 to $123.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Glj Research reiterated a “buy” rating and set a $147.33 price target on shares of Nextpower in a research note on Monday, March 16th. Finally, TD Cowen lifted their price objective on Nextpower from $105.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Nextpower presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.88.

Insider Buying and Selling

In other Nextpower news, CEO Daniel S. Shugar sold 59,456 shares of Nextpower stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $105.17, for a total transaction of $6,252,987.52. Following the completion of the transaction, the chief executive officer owned 746,339 shares of the company’s stock, valued at $78,492,472.63. The trade was a 7.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Nextpower

Institutional investors and hedge funds have recently modified their holdings of the company. Amundi boosted its position in shares of Nextpower by 156.1% in the third quarter. Amundi now owns 2,111,628 shares of the company’s stock valued at $161,600,000 after acquiring an additional 1,287,071 shares during the period. Electron Capital Partners LLC lifted its stake in Nextpower by 2,017.7% in the 3rd quarter. Electron Capital Partners LLC now owns 566,415 shares of the company’s stock worth $41,909,000 after purchasing an additional 539,668 shares in the last quarter. UBS Group AG boosted its holdings in Nextpower by 49.1% in the 3rd quarter. UBS Group AG now owns 1,107,829 shares of the company’s stock valued at $81,968,000 after purchasing an additional 364,953 shares during the period. &PARTNERS grew its position in shares of Nextpower by 4,406.4% during the 4th quarter. &PARTNERS now owns 261,823 shares of the company’s stock valued at $22,806,000 after purchasing an additional 256,013 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Nextpower by 9.9% during the 3rd quarter. Invesco Ltd. now owns 2,725,449 shares of the company’s stock valued at $201,656,000 after purchasing an additional 245,412 shares in the last quarter. 67.41% of the stock is owned by hedge funds and other institutional investors.

About Nextpower

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.