Nextpower Inc. (NXT)
Industrials · solar tracking systems and renewable energy technology · Nasdaq
Global market leader in solar tracking systems expanding into an end-to-end solar technology platform to capture the electricity super-cycle driven by data centers and electrification.
What Nextpower Inc. does
Nextpower Inc. (formerly Nextracker) is a leading global provider of solar and energy technology solutions for utility-scale power plants. The company pioneered and dominates the solar tracking systems market, offering an integrated suite of structural, electrical, and digital solutions spanning the full lifecycle of solar projects. Beyond trackers, Nextpower has evolved into a multi-product platform company integrating electrical balance-of-systems solutions, power conversion technologies, and software-driven capabilities incorporating AI, automation, and robotics. The company has shipped over 160 GW of solar tracker systems to projects on six continents and serves engineering, procurement and construction firms (EPCs), solar project developers, and owners worldwide.
Themes: ["solar energy infrastructure","renewable energy technology","utility-scale solar","solar tracker systems","energy transition / electrification","AI and automation for power systems","data center power demand"]
Fundamentals
- Price$111.50 as of 2026-07-10 close
- Market cap$16.9B as of 2026-07-12
- 1-year return+78.1% as of 2026-07-10 close
- P/E28.86 as of 2026-07-12
- Net margin+16.5% as of 2026-07-12
- Gross margin+36.0% as of 2026-07-12
- ROE+28.3% as of 2026-07-12
- Debt / equity0.00 as of 2026-07-12
- Revenue growth (YoY)+20.3% as of 2026-07-12
- Revenue CAGR (3y)+23.2% SEC XBRL
- Beta1.95 as of 2026-07-12
Key risks (from latest filing)
["Competition from other solar tracking and balance-of-systems vendors and the company's ability to maintain market leadership in a maturing and price-competitive market","Global supply chain, permitting, and grid interconnection constraints that could limit growth in solar installation demand despite rising electricity consumption","Execution risk on platform strategy expansion beyond core tracking technology into electrical, software, and emerging technology solutions"]
Competitors & peers
- Smaraad
- Array Technologies (ARRY)
- Arctech Solar
- NEXTracker (internal reference - market leader)
Fundamentals: Finnhub, as of 2026-07-12. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-10.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.