NXT
Nextpower Inc.

Nextpower Inc.NXT

Technology · Solar
104.90USD
+5.34%
Nov 08, 2026
NXT overview ready
Utility-Scale Solar Tracker Systems and Yield Optimization Solutions
Direct, largely pure-play supplier of utility-scale solar tracker systems and adjacent foundations, electrical BOS, controls, and yield-optimization software.
Primary theme is improving
Solar is improving (+15.0pp vs SPY over 21 sessions; 8 of 11 members ahead of SPY).
An early price trend
Longer-term context reads new trend, with a near-term setup of reclaim attempt.
Demanding valuation
Nextpower Inc. carries a Expensive valuation stance that the scored components do not clearly support.
Unremarkable fundamentals
Primary risk
Dependence on utility-scale solar project development cycles.
Market Nov 6Filing Oct 2Price action Nov 7Research Oct 7

Conviction Level

PriceAction8.9BusinessPerformance5.0BusinessQuality7.6Valuation3.0ThemeMomentum7.0Mixed — Revenue growth has accelerated across 3 consecutive quarters, rising from -4.7% to +23% year over year. Diluted EPS growth has strengthened to +11% year over year ($1.08), up from -7.6%. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
SolarImproving
vs SPY
+15.0pp
Theme return
+10.0%
Beating SPY
8 of 11
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

An early price trend
Longer-term context reads new trend, with a near-term setup of reclaim attempt.
EntryReset + recovery

The recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$15.8B
Avg Volume (60D)
2.6M
60 sessions
Revenue Growth YoY
+20.3%
FY2026 vs FY2025
Gross Margin
+33.0%
Trailing twelve months
Operating Margin
+19.0%
Trailing twelve months
Free Cash Flow Yield
+3.2%
Distance from 200DMA
-1.9%
Next Earnings
2027-01-27
P/E
25.8x
Market metrics as of Nov 6, 2026
Financial results for the period ended Oct 2, 2026
Filed balance-sheet data as of Oct 2, 2026

Business Performance

Mixed

Revenue growth has accelerated across 3 consecutive quarters, rising from -4.7% to +23% year over year. Diluted EPS growth has strengthened to +11% year over year ($1.08), up from -7.6%.

Latest reported: Q2 FY2027, ended Oct 2
Revenue growthAccelerating
+23%
$1.11B in Q2 FY2027 · YoY
YoY growth, last 4 quarters
  1. +34%
  2. -4.7%
  3. +8.2%
  4. +23%
Earnings growthAccelerating
+11%
Diluted EPS $1.08 vs $0.97 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +7.6%
  2. -7.6%
  3. +2.9%
  4. +11%
Operating marginContracting
18.7%
-1.3 pp YoY · gross margin 31.1% (-1.2 pp)

Business Quality

7.6 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say expensive; intrinsic is the dissenting view.
Nextpower Inc. carries a Expensive valuation stance that the scored components do not clearly support. Treat it as unresolved.

Company Research

Thesis
Direct, largely pure-play supplier of utility-scale solar tracker systems and adjacent foundations, electrical BOS, controls, and yield-optimization software.
Opportunity
Moderate opportunity
Utility-scale solar developers and EPCs are spending on tracker, foundation, electrical balance-of-system, and plant-control technologies that lower installed cost, expand buildable terrain and soil conditions, improve resilience, and increase lifetime energy yield.
Key risk
Dependence on utility-scale solar project development cycles.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Solar
What they do

Nextpower Inc. designs, manufactures, and supplies solar tracking and energy technology solutions primarily for utility-scale solar power plants in the U.S. Internationally, enabling improved energy yield and expanded terrain adaptability.

How it earns

Project-based sales of solar tracking hardware and software solutions to utility-scale solar developers and EPCs.

Products & services
NX Horizon solar tracking system
NX Horizon-XTR terrain-following tracker
NX Horizon Hail Pro automatic stowing tracker
NX Horizon Low Carbon tracker
TrueCapture energy yield management software
Customers & end markets
Utility-scale solar developers
Engineering, procurement, and construction (EPC) firms
Market position

Largely pure-play supplier and direct participant in the utility-scale solar tracker market with specialized terrain and yield optimization solutions.

Demand drivers
Medium cyclicality

Business depends on solar project development cycles and capital expenditure trends in renewable energy infrastructure.

Peers

Companies validated as economically comparable to NXT — similar business, revenue model and scale.
PRICE ACTIONVALUATIONTHEME
Array Technologies, Inc.Early Recovery — Reclaim AttemptFair8.0HighUnavailableNot in RS poolLocked$5.86+10.57%
Shoals Technologies Group, Inc.Early Recovery — Daily ReclaimExpensive8.0HighUnavailableNot in RS poolLocked$10.08+12.06%