Company Overview
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.
Why Investors Should Care
Generates a return on equity of 27.2%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 24.0%.
Revenue has grown at a 24.4% CAGR over the past five years.
Trades at a P/E of 21.8, below the sector median of 32.4.
Maintains a net profit margin of 16.4%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of $3.56B (+20.3% YoY); net profit $585.88M.
- Trailing 12 Months Year-on-year growth — revenue +8.2%, earnings +2.9%.
- 5-Year Trend Long-term compounding — revenue CAGR 24.4%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 24.38% |
| 1 Year: | 8.20% |
Compounded Profit Growth
| 5 Years: | - |
| 1 Year: | 2.90% |
Stock Price Performance
| 1 Year: | +52.83% |
| 6 Months: | -16.69% |
| 3 Months: | -35.78% |
| 1 Month: | -14.15% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Solar trackers powering renewable supply for AI data centers.
- Solar for AI-data-centre power Nextracker's solar trackers help build the utility-scale solar that increasingly powers data centres and AI compute demand.
- AI-driven tracker optimisation Machine-learning controls (TrueCapture) optimise tracker angles to boost energy yield.
- Grid-stability & storage solutions Integrated solar-plus-storage offerings support firm power for growing electricity demand.
- Indirect 'AI power' play — AI-driven electricity demand supports solar build-out.
- Strong returns (ROE ~30%) and healthy margins with a large backlog.
- AI-optimised tracking differentiates its hardware.
- Policy/tariff and solar-demand cyclicality are key risks; recent revenue dipped slightly.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 27.2%.
- Healthy ROCE of 24.0%.
- Compounding revenue at 24.4% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 46.0% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | NXT Nextpower Inc. R2KR3KAITECH | 84.50 | 21.83 | $12.82B | 0.00% | 23.97% | 27.22% | 24.38% | - |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 230.36 | 35.28 | $5.58T | 0.46% | 74.66% | 114.29% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 319.97 | 36.69 | $4.67T | 0.35% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 499.70 | 27.85 | $3.71T | 0.73% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 426.34 | 37.46 | $2.21T | 0.91% | 30.20% | 39.97% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 357.90 | 59.55 | $1.70T | 0.62% | 16.70% | 37.28% | 17.04% | 54.08% |
| 7 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 1,016.59 | 22.97 | $1.15T | 0.06% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 477.57 | 122.14 | $779.62B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 9 | ASML ASML Holding N.V. NDXAITECH | 1,714.88 | 58.49 | $658.69B | 0.53% | 42.97% | 53.94% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Dec 2021 | Jul 2022 | Sep 2022 | Dec 2022 | Jun 2023 | Sep 2023 | Dec 2023 | Jun 2024 | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 337.61M | 403.23M | 467.14M | 513.37M | 479.54M | 573.36M | 710.43M | 719.92M | 635.57M | 679.36M | 864.25M | 905.27M | 909.35M | 935.17M |
| Gross Profit | 33.76M | 49.86M | 64.54M | 82.26M | 113.74M | 149.11M | 209.72M | 237.44M | 224.79M | 240.90M | 281.73M | 292.86M | 288.13M | 335.85M |
| Operating Income | 17.11M | 29.77M | 39.47M | 58.66M | 73.88M | 94.09M | 148.47M | 160.09M | 133.47M | 150.24M | 186.23M | 181.34M | 176.10M | 190.91M |
| Net Income | 12.55M | 0 | 0 | 0 | 20.43M | 39.25M | 41.40M | 121.70M | 115.39M | 115.28M | 157.18M | 146.86M | 131.24M | 165.35M |
| Diluted EPS | - | - | - | - | 0.43 | 0.55 | 0.87 | 0.84 | 0.79 | 0.79 | 1.04 | 0.97 | 0.85 | 1.07 |
| R&D Expense | 3.65M | 3.98M | 4.32M | 4.98M | 5.63M | 7.15M | 12.90M | 16.52M | 19.19M | 20.09M | 21.56M | 26.89M | 29.29M | 44.51M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | 1.20B | 1.46B | 1.90B | 2.50B | 2.96B | 3.56B |
| Gross Profit | 231.98M | 147.03M | 286.97M | 813.05M | 1.01B | 1.16B |
| Operating Income | 158.53M | 65.91M | 168.49M | 587.12M | 639.11M | 697.27M |
| Net Income | 0 | 0 | 1.14M | 306.24M | 509.17M | 585.88M |
| Diluted EPS | - | - | 0.02 | 3.37 | 3.47 | 3.84 |
| R&D Expense | 13.01M | 14.18M | 21.62M | 42.36M | 79.39M | 120.91M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Total Assets | - | 1.02B | 1.42B | 2.52B | 3.19B | 4.07B |
| Total Equity | 0 | 0 | -3.08B | 992.03M | 1.63B | 2.33B |
| Cash & Equivalents | - | 29.07M | 130.01M | 474.05M | 766.10M | 1.09B |
| Long Term Debt | - | 0 | 147.15M | 143.97M | 0 | - |
| Total Liabilities | - | 516.16M | 934.82M | 1.53B | 1.56B | 1.74B |
| Current Liabilities | - | 473.37M | 507.43M | 891.49M | 1.03B | 1.16B |
Cash Flows (Annual)
Figures in USD.
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | 94.27M | -147.11M | 107.67M | 428.97M | 655.79M | 562.91M |
| Investing Cash Flow | -2.96M | -5.75M | -3.16M | -6.66M | -186.10M | -186.88M |
| Financing Cash Flow | 96.33M | -8.66M | -3.57M | -78.27M | -177.65M | -47.16M |
| Capital Expenditure | -2.46M | -5.92M | -3.18M | -6.16M | -33.92M | -49.28M |
| Free Cash Flow | 91.81M | -153.03M | 104.49M | 422.81M | 621.87M | 513.63M |
| Share Buybacks | - | 0 | 693.78M | 0 | 0 | 395.00K |
Ratios (Annual)
Figures in %.
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Gross Margin % | 19.4% | 10.1% | 15.1% | 32.5% | 34.1% | 32.6% |
| Operating Margin % | 13.3% | 4.5% | 8.9% | 23.5% | 21.6% | 19.6% |
| Net Margin % | 0.0% | 0.0% | 0.1% | 12.3% | 17.2% | 16.5% |
| ROE % | - | - | -0.0% | 30.9% | 31.3% | 25.1% |
| ROCE % | - | 12.1% | 18.5% | 36.1% | 29.6% | 24.0% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 13.93% | 21.14M | $1.81B |
| 2 | FMR, LLC | 12.36% | 18.75M | $1.60B |
| 3 | Primecap Management Company | 4.41% | 6.69M | $571.49M |
| 4 | Vanguard Capital Management LLC | 4.29% | 6.50M | $555.78M |
| 5 | Vanguard Portfolio Management LLC | 3.93% | 5.96M | $508.90M |
| 6 | Invesco Ltd. | 3.21% | 4.87M | $415.97M |
| 7 | State Street Corporation | 3.12% | 4.74M | $405.11M |
| 8 | Geode Capital Management, LLC | 2.26% | 3.42M | $292.48M |
| 9 | Wellington Management Group, LLP | 2.26% | 3.43M | $292.83M |
| 10 | Fundsmith LLP | 1.88% | 2.86M | $244.02M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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NXT — Frequently Asked Questions
What is the current share price of Nextpower Inc. (NXT)?
As of 2026-09-07 16:24 PDT, Nextpower Inc. (NXT) trades at $84.50 on NasdaqGS. Its 52-week range is $53.99 to $156.40.
What is the market capitalisation of NXT?
Nextpower Inc. (NXT) has a market capitalisation of $12.82B on NasdaqGS.
What is the P/E ratio of NXT?
NXT trades at a trailing price-to-earnings (P/E) ratio of 21.83. The industry average P/E is 32.42. Its price-to-book (P/B) ratio is 6.12.
What is the return on equity (ROE) of NXT?
NXT has a return on equity (ROE) of 27.22%. Its return on capital employed (ROCE) is 23.97%.
Is NXT a good stock to buy?
This page provides a data-driven analysis of Nextpower Inc. (NXT), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.