Nextpower (NASDAQ:NXT) Posts Quarterly Earnings Results, Beats Expectations By $0.17 EPS

Nextpower (NASDAQ:NXT) announced its quarterly earnings results on Tuesday. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.17, FiscalAI reports. The company had revenue of $909.35 million for the quarter, compared to the consensus estimate of $812.43 million. Nextpower had a return on equity of 35.05% and a net margin of 17.08%.

Here are the key takeaways from Nextpower’s conference call:

• Nextpower reported Q3 revenue of $909 million (+34% YoY) and adjusted EBITDA of $214 million, and raised fiscal 2026 guidance to revenue of $3.425–3.5 billion, adjusted EBITDA of $810–830 million, and adjusted diluted EPS of $4.26–4.36.
• The company achieved a formal investment‑grade credit rating, exited the quarter with $953 million in cash and no debt, and the board authorized a $500 million share repurchase program over three years.
• Backlog surpassed $5 billion with strong bookings, including a highlighted 552‑MW bundled order (tracker + eBOS + NX Earth Truss + TrueCapture), reflecting rising attach rates for non‑tracker products and services.
• Nextpower launched the Nextpower Arabia JV with Abunayyan Holding to supply 2.25 GW (and build capacity to support up to 12 GW/year locally), positioning the company to capture large MENA utility‑scale demand.
• Tariffs remain a headwind, with tariff‑related costs rising to $44 million in the quarter (from $33M), which pressured margins despite management saying impacts are manageable via U.S. localization and pricing discipline.

Nextpower Stock Up 13.3%

Shares of Nextpower stock traded up $14.06 during trading on Wednesday, reaching $119.97. The company’s stock had a trading volume of 6,262,875 shares, compared to its average volume of 2,101,198. The firm’s 50-day moving average is $91.94 and its two-hundred day moving average is $81.04. Nextpower has a 52-week low of $36.06 and a 52-week high of $131.59. The company has a market cap of $17.80 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 3.36 and a beta of 2.38.

Analyst Ratings Changes

NXT has been the subject of several recent research reports. KeyCorp raised Nextpower from a “sector weight” rating to an “overweight” rating and set a $142.00 price target for the company in a research report on Wednesday. Royal Bank Of Canada increased their target price on shares of Nextpower from $93.00 to $96.00 and gave the stock an “outperform” rating in a report on Thursday, November 13th. Robert W. Baird set a $126.00 price objective on Nextpower in a research report on Wednesday. TD Cowen raised their target price on shares of Nextpower from $88.00 to $105.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Nextpower in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Nextpower currently has an average rating of “Moderate Buy” and a consensus price target of $105.45.

Key Nextpower News

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Q3/Q4 results beat expectations — Nextpower reported $1.10 EPS vs. $0.93 expected and revenue ~ $909M vs. $812M expected; margins and ROE were strong, underpinning the rally. Earnings and Press Release
• Positive Sentiment: Management raised FY2026 guidance to $3.5B revenue and $4.36 EPS and announced a $500M buyback, showing capital return and confidence in growth drivers (JV expansion, product innovation). Guidance & Buyback
• Positive Sentiment: Nextpower Arabia (JV) won a 2.25 GW supply contract to provide smart solar trackers for the ACWA Power consortium’s Bisha project in Saudi Arabia — a sizeable utility-scale backlog and validation of JV strategy. JV Award
• Positive Sentiment: KeyBanc upgraded NXT to Buy with a $142 price target, citing strong fundamentals and valuation upside — adds institutional support to the upside case. KeyBanc Upgrade
• Neutral Sentiment: Coverage/market mentions (Barron’s, Schaeffer) note NXT as a market leader in premarket moves and call out the beat‑and‑raise that pushed the stock to fresh records — helpful for visibility but not new company information. Schaeffers: Fresh Record
• Negative Sentiment: TD Cowen raised its target to $105 but kept a Hold rating; that target is below current trading levels, representing a potential near‑term valuation check for more cautious investors. TD Cowen Note

Insider Transactions at Nextpower

In other Nextpower news, CAO David P. Bennett sold 33,725 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $88.08, for a total value of $2,970,498.00. Following the completion of the transaction, the chief accounting officer owned 130,967 shares in the company, valued at approximately $11,535,573.36. This represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel S. Shugar sold 47,743 shares of Nextpower stock in a transaction on Monday, November 17th. The shares were sold at an average price of $91.28, for a total value of $4,357,981.04. Following the transaction, the chief executive officer owned 624,882 shares of the company’s stock, valued at $57,039,228.96. The trade was a 7.10% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 91,468 shares of company stock worth $8,246,979. 0.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Nextpower

Several large investors have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Nextpower by 19.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 437,490 shares of the company’s stock worth $18,436,000 after purchasing an additional 71,842 shares during the last quarter. M&T Bank Corp purchased a new stake in Nextpower during the second quarter worth $223,000. EverSource Wealth Advisors LLC boosted its position in Nextpower by 179.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock valued at $61,000 after purchasing an additional 724 shares in the last quarter. Cerity Partners LLC lifted its position in Nextpower by 154.0% during the second quarter. Cerity Partners LLC now owns 18,539 shares of the company’s stock valued at $1,008,000 after acquiring an additional 11,239 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Nextpower by 36.5% during the 2nd quarter. California Public Employees Retirement System now owns 222,960 shares of the company’s stock valued at $12,122,000 after purchasing an additional 59,573 shares during the last quarter. 67.41% of the stock is currently owned by hedge funds and other institutional investors.

Nextpower Company Profile

Nextpower, formerly known as Nextracker, is traded on NASDAQ under the symbol NXT and is a leading provider of advanced solar tracking solutions for utility-scale and distributed energy projects. The company specializes in the design, engineering and manufacturing of single-axis tracker systems that optimize the capture of solar energy by following the sun’s trajectory throughout the day. Nextpower’s core hardware offerings aim to enhance energy yield, reduce balance-of-system costs and simplify installation and maintenance for downstream solar developers and operators.

In addition to its tracker hardware, Nextpower provides a suite of digital software and analytics tools to maximize asset performance.