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Home CompaniesNextpower Inc.

Nextpower Inc.

Technology Solar
PortfolioPortfolio WatchlistWatchlist
Company price
80.85 USD 0.88 ( 1.10%)
Last update at 2026-09-25T20:00:00Z
VOLUME
1454748
Market Cap
12258.80M
P/E
21.39

Momentum Score

…

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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
80.02
Low
82.50
High
52 Week Price Range
67.66
Low
163.13
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Nextracker Inc. designs and supplies solar tracking systems with supporting software and services that aim to increase output from utility-scale and commercial photovoltaic projects. Long-term growth may be supported by continued global solar deployment, greater PV-plus-storage adoption and demand for performance optimization and aftermarket services. The company appears positioned to benefit from product development and scale that could support recurring revenue streams.

Key risks include competitive pressure and pricing for trackers, project timing and cancellations tied to policy changes, supply-chain and component-cost volatility, and execution risk in scaling international operations.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
79.97
Dividend Yield
-
Revenue TTM
3630.31M
Revenue Per Share
24.40
Gross Profit TTM
834.35M
Debt / Equity
0.02
ROE
27.22%
Net Debt
-1042.12M
ROCE
24.63%
Diluted EPS TTM
3.73

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-03-31 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Type yearly yearly yearly yearly yearly
Date 2026-03-31 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Income before tax 713.83M 648.02M 608.00M 169.08M 65.11M
Minority interest 0.00M -8.08M - -2.45M 0.00M
Net income 585.88M 509.17M 306.24M 1.14M 50.91M
Selling general administrative 341.92M 290.32M - 96.87M 66.95M
Gross profit 1160.10M 998.16M 813.05M 286.97M 147.03M
Reconciled depreciation 30.60M 13.41M - 4.63M 11.15M
Ebit 716.45M 661.11M 587.12M 168.49M 65.91M
Ebitda 747.05M 674.52M 591.48M 173.11M 77.05M
Depreciation and amortization 30.60M 13.41M 4.36M 4.63M 11.15M
Operating income 697.27M 639.11M 587.12M 168.49M 65.91M
Other operating expenses 2862.12M 2320.09M 1912.72M 1733.65M 1391.68M
Interest expense 2.62M 13.10M 2.12M 0.60M 0.80M
Tax provision 127.94M 130.77M - 47.75M 14.20M
Net interest income -2.62M -13.10M - 0.60M -0.80M
Income tax expense 127.94M 130.77M 111.78M 47.75M 14.20M
Total revenue 3559.39M 2959.20M 2499.84M 1902.14M 1457.59M
Total operating expenses 462.83M 359.05M 225.93M 118.49M 81.12M
Cost of revenue 2399.30M 1961.04M 1686.79M 1615.16M 1310.56M
Total other income expense net 16.56M 8.90M 20.88M 0.60M -0.80M
Net income from continuing ops 585.88M 517.25M - 121.33M 50.91M
Net income applicable to common shares - - - 1.14M 50.91M
Breakdown 2026-03-31 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Type yearly yearly yearly yearly yearly
Date 2026-03-31 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total assets 4073.21M 3192.52M 2518.78M 1419.68M 1017.29M
Intangible assets 78.05M 53.24M 1.55M 1.32M 2.53M
Other current assets 1072.26M 38.28M 312.63M 35.08M 42.77M
Total liab 1738.82M 1564.39M 1526.75M 1202.83M 1020.32M
Total stockholder equity 2334.40M 1628.13M 992.03M 216.85M -3.04M
Other current liab 310.98M 192.59M 209.31M 119.60M 128.91M
Common stock 0.01M 0.01M 992.03M 0.01M -3.04M
Capital stock 0.01M 0.01M - 0.01M -
Retained earnings -1971.53M -2557.41M - -3075.78M -
Other liab - - - - 40.09M
Good will 488.95M 371.02M 265.15M 265.15M 265.15M
Other assets - - - - 23.76M
Cash 1094.98M 766.10M 474.05M 130.01M 29.07M
Total current liabilities 1163.86M 1033.51M 891.49M 507.43M 473.37M
Current deferred revenue 307.49M 247.13M 225.54M 176.47M 77.87M
Net debt -1042.12M -731.99M -330.09M 17.14M -29.07M
Short term debt 11.90M 8.50M - 72.01M 65.49M
Short long term debt total 52.86M 34.11M 143.97M 147.15M -
Other stockholder equity 4305.73M 4185.82M - 3292.62M -
Property plant equipment - - - - 11.78M
Total current assets 2846.56M 2157.99M 1768.23M 872.26M 714.06M
Net tangible assets - - - - -270.72M
Short term investments - - - 29.30M 9.30M
Net receivables 417.04M 1093.97M 779.81M 569.12M 460.71M
Long term debt - - - 147.15M -
Inventory 262.28M 259.63M 201.74M 138.06M 172.21M
Accounts payable 533.49M 585.30M 456.64M 211.35M 266.60M
Accumulated other comprehensive income 0.18M -0.30M - - -
Non currrent assets other 69.49M 18.30M 474.61M 16.59M 28.12M
Non current assets total 1226.66M 1034.53M 750.55M 547.41M 303.23M
Breakdown 2026-03-31 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Type yearly yearly yearly yearly yearly
Date 2026-03-31 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Investments - -186.10M - -3.16M -5.75M
Change to liabilities - - - 0.00M 51.06M
Total cashflows from investing activities -182.41M -186.10M - - -5.75M
Net borrowings 0.00M -150.00M - - -
Total cash from financing activities -45.17M -177.65M -78.27M -3.57M -8.66M
Change to operating activities - - - - 20.68M
Net income 585.88M 517.25M 306.24M 121.33M 50.91M
Change in cash 328.87M 292.05M 344.05M 100.94M -161.52M
Begin period cash flow 766.10M 474.05M 130.01M 29.07M 190.59M
End period cash flow 1094.98M 766.10M 474.05M 130.01M 29.07M
Total cash from operating activities 556.45M 655.79M 428.97M 107.67M -147.11M
Issuance of capital stock 0.00M 0.00M - 693.86M 0.00M
Depreciation 30.60M 13.41M 4.36M 4.63M 11.15M
Other cashflows from investing activities -8.26M - - - -
Dividends paid - - - 170.00M 19.92M
Change to inventory -46.55M -2.97M - 25.06M -87.74M
Change to account receivables 61.85M -148.50M - -160.26M -45.46M
Sale purchase of stock -0.40M 0.00M -552.01M -693.78M -693.78M
Other cashflows from financing activities -44.77M -27.65M -78.27M 186.35M 11.27M
Change to netincome - - - - -2.10M
Capital expenditures 44.81M 33.92M 6.66M 3.18M 5.92M
Change in working capital -58.04M -1.02M -71.61M -18.29M -207.07M
Stock based compensation 120.30M 118.88M 56.78M 31.99M 3.05M
Other non cash items -1.99M 16.02M 198.70M -57.98M 0.18M
Free cash flow 511.64M 621.87M 422.31M 104.49M -153.03M

Peer Comparison*

Sector: Technology Industry: Solar

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
NXT
Nextpower Inc.		 0.88
1.10%		 80.85 21.39 18.42 3.38 4.90 3.30 15.84
FSLR
First Solar Inc		 5.55
3.22%		 177.71 13.14 11.49 3.84 2.17 3.54 8.58
ENPH
Enphase Energy Inc		 -0.42
1.28%		 32.40 136.61 18.32 6.79 9.24 6.51 53.17
XISHY
Xinyi Solar Holdings Limited		 -
-%		 4.90 11.55 14.93 0.22 1.24 0.24 1.12
XNYIF
Xinyi Solar Holdings Limited		 -
-%		 0.25 10.10 13.72 0.22 1.37 0.24 1.12

Profile*

Nextpower Inc.

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.

6200 Paseo Padre Parkway, Fremont, CA, United States, 94555

(510) 270-2500

https://www.nextpower.com

1993

Name Title Year Born
Mr. Nicholas Miller Co-Founder & COO 1969
Mr. Daniel S. Shugar Co-Founder, CEO & Director 1964
Mr. Howard J. Wenger Director & President 1960
Mr. David P. Bennett Chief Financial Officer 1970
Mr. Bruce R. Ledesma President of Strategy & Administration 1968
Mr. Marco Garcia Co-Founder & Chief Commercial Officer NA
Mr. Alex Au Co-Founder & CTO NA
Mr. Mike Mehawich Co-Founder & Chief Strategy Officer NA
Ms. Leah Schlesinger Esq. General Counsel, Chief Ethics & Compliance Officer and Secretary 1964
Ms. Kristan Kirsh Vice President of Global Marketing NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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