Symbols / NXT Stock $128.17 +10.31% Nextpower Inc.

Technology • Solar • United States • NMS
NXT (Stock) Chart
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About

Nextpower Inc. provides solar tracker technologies and solutions for utility-scale and distributed generation solar applications in the United States and internationally. The company 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. It also provides TrueCapture, an energy yield management system that addresses power production shortfalls; NX Anchor, a solar tracker foundation system to facilitate solar project development in challenging soil conditions; NX 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. The company serves engineering, procurement, and construction firms, as well as solar project developers and owners. Nextpower Inc. 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.

Stock Fundamentals
Scroll to Statements
Market Cap 19.03B Enterprise Value 16.34B Income 592.07M Sales 3.60B Book/sh 14.49 Cash/sh 6.42
Dividend Yield — Payout 0.00% Employees 1300 IPO — P/E 32.70 Forward P/E 26.76
PEG 3.09 P/S 5.28 P/B 8.85 P/C — EV/EBITDA 21.36 EV/Sales 4.54
Quick Ratio 1.98 Current Ratio 2.36 Debt/Eq 2.08 LT Debt/Eq — EPS (ttm) 3.92 EPS next Y 4.79
EPS Growth 7.90% Revenue Growth 33.90% Earnings 2026-05-12 ROA 13.61% ROE 33.17% ROIC —
Gross Margin 32.43% Oper. Margin 19.41% Profit Margin 16.43% Shs Outstand 148.48M Shs Float 147.26M Short Float 6.21%
Short Ratio 4.22 Short Interest — 52W High 131.72 52W Low 37.16 Beta 2.02 Avg Volume 2.01M
Volume 1.94M Target Price $124.92 Recom Buy Prev Close $116.19 Price $128.17 Change 10.31%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$124.92
Mean price target
2. Current target
$128.17
Latest analyst target
3. DCF / Fair value
$55.06
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$128.17
Low
$60.00
High
$145.00
Mean
$124.92

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-09 main Susquehanna Positive → Positive $136
2026-04-07 main Barclays Overweight → Overweight $123
2026-03-17 main Jefferies Buy → Buy $138
2026-03-16 reit GLJ Research Buy → Buy $147
2026-03-10 init GLJ Research — → Buy $147
2026-01-29 down Freedom Broker Buy → Hold $125
2026-01-29 main Needham Buy → Buy $138
2026-01-28 main UBS Buy → Buy $140
2026-01-28 main Jefferies Buy → Buy $122
2026-01-28 main Wells Fargo Overweight → Overweight $127
2026-01-28 up Keybanc Sector Weight → Overweight $142
2026-01-22 main B of A Securities Buy → Buy $108
2026-01-14 main Barclays Overweight → Overweight $108
2025-12-18 init Freedom Broker — → Buy $106
2025-11-14 main B of A Securities Buy → Buy $102
2025-11-13 main RBC Capital Outperform → Outperform $96
2025-11-13 reit Roth Capital Buy → Buy $120
2025-10-29 main UBS Buy → Buy $125
2025-10-28 main Wells Fargo Overweight → Overweight $109
2025-10-27 main Goldman Sachs Buy → Buy $125
News
RSS: Latest NXT news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-09 SHUGAR DANIEL S Chief Executive Officer — 59,456 $100.07 $6,253,223
2026-03-06 SHUGAR DANIEL S Chief Executive Officer — 220,805 $0.00 $0
2026-03-04 SHUGAR DANIEL S Chief Executive Officer — 39,892 $101.04 $4,030,688
2026-03-02 BOYNTON CHARLES D Chief Financial Officer — 4,500 $100.45 $452,025
2026-01-30 WATKINS WILLIAM D Director — 5,000 $118.57 $592,850
2025-12-11 BENNETT DAVID P Officer — 33,725 $88.08 $2,970,498
2025-12-01 BOYNTON CHARLES D Chief Financial Officer — 4,500 $89.33 $401,985
2025-11-18 WATKINS WILLIAM D Director — 10,000 $91.85 $918,520
2025-11-17 SHUGAR DANIEL S Chief Executive Officer — 47,743 $91.10 $4,357,846
2025-09-29 WENGER HOWARD J President — 5,217 $75.00 $391,275
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total Revenue
2,959.20
+18.38%
2,499.84
+31.42%
1,902.14
+30.50%
1,457.59
Operating Revenue
2,959.20
+18.38%
2,499.84
+31.42%
1,902.14
+30.50%
1,457.59
Cost Of Revenue
1,950.37
+15.63%
1,686.79
+4.43%
1,615.16
+23.24%
1,310.56
Reconciled Cost Of Revenue
1,950.37
+15.63%
1,686.79
+4.43%
1,615.16
+23.24%
1,310.56
Gross Profit
1,008.83
+24.08%
813.05
+183.32%
286.97
+95.18%
147.03
Operating Expense
369.71
+63.64%
225.93
+90.68%
118.49
+46.06%
81.12
Research And Development
79.39
+87.42%
42.36
+95.94%
21.62
+52.50%
14.18
Selling General And Administration
290.32
+58.15%
183.57
+89.50%
96.87
+44.69%
66.95
Total Expenses
2,320.09
+21.30%
1,912.72
+10.33%
1,733.65
+24.57%
1,391.68
Operating Income
639.11
+8.86%
587.12
+248.47%
168.49
+155.64%
65.91
Total Operating Income As Reported
639.11
+8.86%
587.12
+248.47%
168.49
+155.64%
65.91
EBITDA
674.52
+7.72%
626.18
+256.71%
175.54
+130.10%
76.29
Normalized EBITDA
674.52
+7.72%
626.18
+256.71%
175.54
+130.10%
76.29
Reconciled Depreciation
13.41
+207.29%
4.36
-5.69%
4.63
-58.50%
11.15
EBIT
661.11
+6.32%
621.82
+263.81%
170.92
+162.37%
65.14
Net Income
509.17
+66.26%
306.24
+157.59%
118.89
+133.51%
50.91
Pretax Income
648.02
+6.58%
608.00
+259.58%
169.08
+159.70%
65.11
Net Non Operating Interest Income Expense
-13.10
+5.24%
-13.82
-653.96%
-1.83
-5291.18%
-0.03
Interest Expense Non Operating
13.10
-5.24%
13.82
+653.96%
1.83
+5291.18%
0.03
Net Interest Income
-13.10
+5.24%
-13.82
-653.96%
-1.83
-5291.18%
-0.03
Interest Expense
13.10
-5.24%
13.82
+653.96%
1.83
+5291.18%
0.03
Other Income Expense
22.00
-36.60%
34.70
+1327.35%
2.43
+417.78%
-0.77
Other Non Operating Income Expenses
22.00
-36.60%
34.70
+1327.35%
2.43
+417.78%
-0.77
Tax Provision
130.77
+16.99%
111.78
+134.10%
47.75
+236.39%
14.20
Tax Rate For Calcs
0.00
+9.78%
0.00
-34.75%
0.00
+29.36%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
517.25
+4.24%
496.21
+308.97%
121.33
+138.31%
50.91
Net Income From Continuing Operation Net Minority Interest
509.17
+66.26%
306.24
+157.59%
118.89
+133.51%
50.91
Net Income From Continuing And Discontinued Operation
509.17
+66.26%
306.24
+157.59%
118.89
+133.51%
50.91
Net Income Continuous Operations
517.25
+4.24%
496.21
+308.97%
121.33
+138.31%
50.91
Minority Interests
-8.08
+95.75%
-189.97
-7666.72%
-2.45
0.00
Normalized Income
509.17
+66.26%
306.24
+157.59%
118.89
+133.51%
50.91
Net Income Common Stockholders
509.17
+66.26%
306.24
+26692.74%
1.14
0.00
Otherunder Preferred Stock Dividend
0.00
0.00
-100.00%
117.74
+131.27%
50.91
Diluted EPS
3.47
+2.97%
3.37
+16750.00%
0.02
0.00
Basic EPS
3.55
-10.58%
3.97
+19750.00%
0.02
0.00
Basic Average Shares
143.54
+86.25%
77.07
+68.02%
45.87
+9.53%
41.88
Diluted Average Shares
149.28
+1.35%
147.28
+0.99%
145.83
+248.23%
41.88
Diluted NI Availto Com Stockholders
509.17
+66.26%
306.24
+26692.74%
1.14
0.00
Net Income From Tax Loss Carryforward
—
—
-117.74
-131.27%
-50.91
Total Other Finance Cost
—
—
-0.60
-174.84%
0.80
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total Assets
3,192.52
+26.75%
2,518.78
+77.42%
1,419.68
+39.56%
1,017.29
Current Assets
2,157.99
+22.04%
1,768.23
+102.72%
872.26
+22.16%
714.06
Cash Cash Equivalents And Short Term Investments
766.10
+61.61%
474.05
+264.63%
130.01
+238.83%
38.37
Cash And Cash Equivalents
766.10
+61.61%
474.05
+264.63%
130.01
+347.22%
29.07
Cash Financial
—
—
—
29.07
Other Short Term Investments
—
—
29.30
+215.05%
9.30
Receivables
1,093.97
+20.85%
905.23
+59.06%
569.12
+23.53%
460.71
Accounts Receivable
472.46
+23.46%
382.69
+41.13%
271.16
+61.11%
168.30
Gross Accounts Receivable
473.93
+22.60%
386.56
+41.63%
272.93
+58.79%
171.88
Allowance For Doubtful Accounts Receivable
-1.47
+61.98%
-3.87
-119.00%
-1.77
+50.53%
-3.57
Other Receivables
621.51
+18.94%
522.54
+75.37%
297.96
+1.90%
292.41
Inventory
209.43
+3.81%
201.74
+46.13%
138.06
-19.83%
172.21
Other Current Assets
88.48
-52.74%
187.22
+433.68%
35.08
-17.99%
42.77
Total Non Current Assets
1,034.53
+37.84%
750.55
+37.11%
547.41
+80.53%
303.23
Net PPE
60.40
+553.91%
9.24
+27.31%
7.25
-2.26%
7.42
Gross PPE
81.24
+165.27%
30.62
+24.72%
24.55
+15.25%
21.30
Accumulated Depreciation
-20.84
+2.54%
-21.39
-23.64%
-17.30
-24.62%
-13.88
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
51.44
+129.60%
22.41
+17.05%
19.14
+30.70%
14.65
Construction In Progress
18.94
+520.85%
3.05
+174.62%
1.11
-55.75%
2.51
Leases
10.85
+110.02%
5.17
+20.13%
4.30
+3.71%
4.15
Goodwill And Other Intangible Assets
424.26
+59.08%
266.70
+0.08%
266.47
-0.45%
267.68
Goodwill
371.02
+39.93%
265.15
+0.00%
265.15
+0.00%
265.15
Other Intangible Assets
53.24
+3343.79%
1.55
+17.03%
1.32
-47.75%
2.53
Non Current Deferred Assets
498.78
+13.81%
438.27
+70.47%
257.10
—
Non Current Deferred Taxes Assets
498.78
+13.81%
438.27
+70.47%
257.10
—
Other Non Current Assets
51.10
+40.61%
36.34
-86.72%
273.69
+873.17%
28.12
Total Liabilities Net Minority Interest
1,564.39
+2.46%
1,526.75
+63.32%
934.82
-8.38%
1,020.32
Current Liabilities
1,033.51
+15.93%
891.49
+75.69%
507.43
+7.19%
473.37
Payables And Accrued Expenses
682.30
+26.57%
539.05
+90.23%
283.36
-14.67%
332.09
Payables
585.30
+28.18%
456.64
+104.23%
223.59
-26.91%
305.91
Accounts Payable
585.30
+28.18%
456.64
+116.05%
211.35
-20.72%
266.60
Current Accrued Expenses
97.00
+17.70%
82.41
+37.88%
59.77
+128.34%
26.18
Current Debt And Capital Lease Obligation
—
3.75
—
—
Current Debt
—
3.75
—
—
Current Deferred Liabilities
247.13
+9.57%
225.54
+27.80%
176.47
+126.64%
77.87
Current Deferred Revenue
247.13
+9.57%
225.54
+27.80%
176.47
+126.64%
77.87
Other Current Liabilities
104.09
-15.48%
123.15
+158.77%
47.59
-24.96%
63.42
Total Non Current Liabilities Net Minority Interest
530.87
-16.43%
635.27
+48.64%
427.39
-21.86%
546.95
Long Term Debt And Capital Lease Obligation
—
143.97
-2.16%
147.15
—
Long Term Debt
—
143.97
-2.16%
147.15
—
Long Term Provisions
—
—
11.80
+34.09%
8.80
Tradeand Other Payables Non Current
—
—
230.30
—
Non Current Deferred Liabilities
96.64
+39.38%
69.33
+93.66%
35.80
+20.95%
29.60
Non Current Deferred Revenue
96.64
+39.38%
69.33
+93.66%
35.80
+20.95%
29.60
Other Non Current Liabilities
434.24
+2.91%
421.97
+50.57%
280.25
+6291.01%
4.38
Preferred Securities Outside Stock Equity
—
—
0.00
-100.00%
504.17
Stockholders Equity
1,628.13
+69.42%
961.01
+131.24%
-3,075.77
-101243.23%
-3.04
Common Stock Equity
1,628.13
+69.42%
961.01
+131.24%
-3,075.77
-101243.23%
-3.04
Capital Stock
0.01
+7.14%
0.01
-6.67%
0.01
0.00
Common Stock
0.01
+7.14%
0.01
-6.67%
0.01
0.00
Share Issued
145.65
+3.46%
140.77
+206.79%
45.89
+0.04%
45.87
Ordinary Shares Number
145.65
+3.46%
140.77
+206.79%
45.89
+0.04%
45.87
Additional Paid In Capital
4,185.82
+3.93%
4,027.56
0.00
—
Retained Earnings
-2,557.41
+16.60%
-3,066.58
+0.30%
-3,075.78
—
Gains Losses Not Affecting Retained Earnings
-0.30
-1852.94%
0.02
0.00
—
Minority Interest
0.00
-100.00%
31.02
-99.13%
3,560.63
0.00
Other Equity Adjustments
-0.30
-1852.94%
0.02
—
—
Total Equity Gross Minority Interest
1,628.13
+64.12%
992.03
+104.60%
484.86
+16075.65%
-3.04
Total Capitalization
1,628.13
+47.34%
1,104.98
+137.73%
-2,928.62
-96394.89%
-3.04
Working Capital
1,124.47
+28.25%
876.75
+140.31%
364.84
+51.58%
240.69
Invested Capital
1,628.13
+46.85%
1,108.73
+137.86%
-2,928.62
-96394.89%
-3.04
Total Debt
—
147.72
+0.39%
147.15
—
Net Debt
—
—
17.14
—
Net Tangible Assets
1,203.87
+73.39%
694.31
+120.77%
-3,342.24
-1134.59%
-270.72
Tangible Book Value
1,203.87
+73.39%
694.31
+120.77%
-3,342.24
-1134.59%
-270.72
Dueto Related Parties Current
—
0.00
-100.00%
12.24
-68.87%
39.31
Other Equity Interest
—
—
—
-3.04
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow
655.79
+52.88%
428.97
+298.42%
107.67
+173.19%
-147.11
Cash Flow From Continuing Operating Activities
655.79
+52.88%
428.97
+298.42%
107.67
+173.19%
-147.11
Net Income From Continuing Operations
517.25
+4.24%
496.21
+308.97%
121.33
+138.31%
50.91
Depreciation Amortization Depletion
13.41
+207.29%
4.36
-5.69%
4.63
-58.50%
11.15
Amortization Cash Flow
13.41
+207.29%
4.36
-5.69%
4.63
—
Depreciation And Amortization
13.41
+207.29%
4.36
-5.69%
4.63
-58.50%
11.15
Amortization Of Intangibles
13.41
+207.29%
4.36
-5.69%
4.63
—
Other Non Cash Items
18.42
+27597.01%
-0.07
-103.82%
1.75
+8.62%
1.61
Stock Based Compensation
118.88
+109.36%
56.78
+77.48%
31.99
+949.67%
3.05
Provisionand Write Offof Assets
-2.40
-198.85%
2.43
+95.25%
1.24
+186.98%
-1.43
Deferred Tax
-8.74
+76.98%
-37.99
-246.17%
25.99
+586.98%
-5.34
Deferred Income Tax
-8.74
+76.98%
-37.99
-246.17%
25.99
+586.98%
-5.34
Change In Working Capital
-1.02
+98.90%
-92.76
-17.02%
-79.27
+61.72%
-207.07
Change In Receivables
-148.50
+56.13%
-338.53
-102.29%
-167.35
+12.42%
-191.07
Changes In Account Receivables
-47.65
+58.19%
-113.95
+28.90%
-160.26
-252.56%
-45.46
Change In Inventory
-2.97
+95.13%
-60.98
-343.32%
25.06
+128.57%
-87.74
Change In Payables And Accrued Expense
102.91
-58.06%
245.37
+506.87%
-60.31
-230.18%
46.33
Change In Payable
102.91
-58.06%
245.37
+506.87%
-60.31
-230.18%
46.33
Change In Account Payable
102.91
-58.06%
245.37
+762.71%
-37.03
-203.37%
35.82
Change In Other Working Capital
34.69
-58.01%
82.61
-31.43%
120.47
+690.34%
15.24
Change In Other Current Assets
67.92
+219.69%
21.24
+211.90%
-18.98
-5.45%
-18.00
Change In Other Current Liabilities
-55.05
-29.64%
-42.47
-294.47%
21.84
-22.49%
28.17
Investing Cash Flow
-186.10
-2694.23%
-6.66
-110.83%
-3.16
+45.06%
-5.75
Cash Flow From Continuing Investing Activities
-186.10
-2694.23%
-6.66
-110.83%
-3.16
+45.06%
-5.75
Net PPE Purchase And Sale
-33.92
-450.67%
-6.16
-95.00%
-3.16
+45.06%
-5.75
Purchase Of PPE
-33.92
-450.67%
-6.16
-93.53%
-3.18
+46.21%
-5.92
Sale Of PPE
0.00
0.00
-100.00%
0.02
-85.63%
0.17
Capital Expenditure
-33.92
-409.32%
-6.66
-109.24%
-3.18
+46.21%
-5.92
Net Business Purchase And Sale
-152.18
0.00
0.00
—
Purchase Of Business
-152.18
0.00
0.00
—
Net Intangibles Purchase And Sale
0.00
+100.00%
-0.50
0.00
0.00
Purchase Of Intangibles
0.00
+100.00%
-0.50
0.00
0.00
Financing Cash Flow
-177.65
-126.98%
-78.27
-2091.13%
-3.57
+58.73%
-8.66
Cash Flow From Continuing Financing Activities
-177.65
-126.98%
-78.27
-2091.13%
-3.57
+58.73%
-8.66
Net Issuance Payments Of Debt
-150.00
0.00
-100.00%
150.00
0.00
Issuance Of Debt
0.00
0.00
-100.00%
170.00
0.00
Repayment Of Debt
-150.00
0.00
+100.00%
-20.00
0.00
Long Term Debt Issuance
0.00
0.00
-100.00%
170.00
0.00
Long Term Debt Payments
-150.00
0.00
+100.00%
-20.00
0.00
Net Long Term Debt Issuance
-150.00
0.00
-100.00%
150.00
0.00
Net Common Stock Issuance
0.00
0.00
-100.00%
0.08
0.00
Common Stock Payments
0.00
+100.00%
-552.01
+20.43%
-693.78
0.00
Cash Dividends Paid
—
—
0.00
0.00
Repurchase Of Capital Stock
0.00
+100.00%
-552.01
+20.43%
-693.78
0.00
Net Other Financing Charges
-27.65
+64.67%
-78.27
+49.06%
-153.65
-1675.05%
-8.66
Changes In Cash
292.05
-15.11%
344.05
+240.85%
100.94
+162.49%
-161.52
Effect Of Exchange Rate Changes
—
—
—
0.00
Beginning Cash Position
474.05
+264.63%
130.01
+347.22%
29.07
-84.75%
190.59
End Cash Position
766.10
+61.61%
474.05
+264.63%
130.01
+347.22%
29.07
Free Cash Flow
621.87
+47.25%
422.31
+304.18%
104.49
+168.28%
-153.03
Common Stock Issuance
0.00
-100.00%
552.01
-20.44%
693.86
0.00
Issuance Of Capital Stock
0.00
-100.00%
552.01
-20.44%
693.86
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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