Nextpower Inc. (NXT)
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.
- Symbol
- NXT
- Exchange
- Nasdaq
- Sector
- Technology
- Industry
- Solar
- Market cap
- $12.44B
- 52 week range
- 69.22 - 163.13
Valuation
- Share price
- $81.81 (close of 2026-09-23)
- P/E (TTM)
- 20.63x
- Price to book
- 4.87x
- Price to free cash flow
- 22.67x
- Enterprise value
- $11.27B
- Book value per share
- $16.96
Price performance
| Period | Change |
|---|
| 1 day | -1.61% |
| 5 days | +2.53% |
| 1 month | -5.07% |
| 3 months | -32.19% |
| 6 months | -30.02% |
| Year to date | -6.08% |
| 1 year | +15.94% |
| 3 years | +100.47% |
| All time | +168.58% |
Profitability and growth
- Return on equity
- 25.10%
- Return on invested capital
- 44.06%
- Return on assets
- 14.38%
- Return on capital employed
- 23.97%
- Gross margin
- 32.59%
- Net margin
- 16.46%
- EBITDA margin
- 20.45%
- Revenue growth
- 20.28%
- Net income growth
- 15.07%
- Free cash flow growth
- -17.41%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 4.41%
- Current ratio
- 2.69x
- Net debt to EBITDA
- -1.55x
Latest reported year
- Period end
- 2026-03-31
- Fiscal year
- 2026
- Revenue
- $3.56B
- Cost of revenue
- $2.40B
- Gross profit
- $1.16B
- EBITDA
- $727.87M
- Net income
- $585.88M
- Earnings per share
- $3.96
- Research and development
- $120.91M
- Shares outstanding
- 147.98M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2026-03-31 | $3.56B | $1.16B | $585.88M | $3.96 |
| 2025-03-31 | $2.96B | $1.01B | $509.17M | $3.55 |
| 2024-03-31 | $2.50B | $813.05M | $306.24M | $3.97 |
| 2023-03-31 | $1.90B | $286.97M | $1.14M | $0.02 |
| 2022-03-31 | $1.46B | $147.03M | - | $0.00 |
| 2021-03-31 | $1.20B | $231.98M | - | $0.00 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2026-03-31 | 32.59% | 16.46% | 25.10% | 44.06% |
| 2025-03-31 | 34.09% | 17.21% | 31.27% | 56.73% |
| 2024-03-31 | 32.52% | 12.25% | 30.87% | 71.40% |
| 2023-03-31 | 15.09% | 0.06% | -0.04% | - |
| 2022-03-31 | 10.09% | 0.00% | 0.00% | - |
| 2021-03-31 | 19.40% | 0.00% | 0.00% | - |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2026-03-31 | $1.09B | - |
| 2025-03-31 | $766.10M | - |
| 2024-03-31 | $474.05M | $143.97M |
| 2023-03-31 | $130.01M | $147.15M |
| 2022-03-31 | $29.07M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2026-03-31 | $513.63M | $120.30M |
| 2025-03-31 | $621.87M | $118.88M |
| 2024-03-31 | $422.81M | $56.78M |
| 2023-03-31 | $104.49M | $31.99M |
| 2022-03-31 | $-153.03M | $3.05M |
| 2021-03-31 | $91.81M | $4.31M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-22
- Consensus EPS estimate
- $0.87
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-30 | Jun/2026 | $0.80 |
| 2026-05-12 | - | - |
| 2026-01-27 | - | - |
| 2025-10-23 | - | - |
| 2025-07-29 | - | - |
| 2025-05-14 | - | - |
| 2025-01-28 | - | - |
| 2024-10-30 | - | - |
Filings and sources
- Company website
- nextpower.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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