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.

Ticker
NXT
Exchange
Nasdaq
Sector
Technology
Industry
Solar
Market cap
$15.81B
52-week range
$75.40 - $163.13

Valuation

Share price
$104.90 (close of Nov 6, 2026)
P/E (TTM)
25.59x
Price to book
5.98x
Price to free cash flow
30.86x
Enterprise value
$14.82B
Book value per share
$17.56

Price performance

PeriodChange
1 day+5.34%
5 days+32.23%
1 month+19.08%
3 months+6.57%
6 months-16.80%
Year to date+20.42%
1 year-1.54%
3 years+182.37%
All time+244.39%

Short interest

As of
Oct 15, 2026
Short % of float
8.91%
Shares short
9.73M
Days to cover
4.66
Change since prior report
+0.35%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
25.10%
Return on invested capital
23.85%
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)
3.24%
Current ratio
2.23x
Net debt to EBITDA
-1.24x

Latest reported year

Period end
Mar 31, 2026
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
Interest expense
$2.62M
Shares outstanding
147.98M

Income statement by year

Period endRevenueGross profitNet incomeEPS
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 endGross marginNet marginReturn on equityReturn on capital
2026-03-3132.59%16.46%25.10%23.85%
2025-03-3134.09%17.21%31.27%30.58%
2024-03-3132.52%12.25%30.87%41.71%
2023-03-3115.09%0.06%--
2022-03-3110.09%0.00%--
2021-03-3119.40%0.00%--

Cash and debt by year

Period endCashDebt
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-
2021-03-31$190.59M-
2020-03-31$2.95M-
2019-03-31$14.37M-

Free cash flow by year

Period endFree cash flowStock-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
2020-03-31$239.34M$4.24M
2019-03-31-$18.44M$7.90M

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-10-28Sep 2026$0.86
2026-07-30Jun 2026$0.80
2026-05-12Mar 2026$0.72
2026-01-27Dec 2025$0.76
2025-10-23Sep 2025$0.83
2025-07-29Jun 2025$0.90
2025-05-14Mar 2025$0.82
2025-01-28Dec 2024$0.45

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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