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Nextpower Inc. develops intelligent power generation technology and integrated solutions for solar power plants, including solar tracking systems, software-enabled controls and steel module frame technology. News about Nextpower commonly centers on financial results, project and customer awards, supply agreements, regional manufacturing partnerships, and the expansion of its solar technology platform.
Company updates also cover NX Horizon® tracking systems, advanced stow and resilience capabilities, low-carbon tracker initiatives, the Nextpower Arabia joint venture, sustainability targets, credit ratings and capital actions such as share repurchase authorization. The company was formerly Nextracker Inc. before its completed corporate name change to Nextpower Inc.
Nextpower (Nasdaq:NXT) announced a global launch of its reimagined NX Gemini 2P solar tracker and the NX Anchor integrated foundation system, expanding its European solar portfolio.
The solutions target diverse land and soil conditions, agriPV applications, faster installation, and enhanced tracker control and monitoring capabilities.
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Nextpower (Nasdaq:NXT) agreed to acquire Prevalon Energy, a BESS and energy management provider, for up to $365 million in cash and stock, entering battery storage and AI data center power markets.
Nextpower raised its FY27 outlook, assuming closing in Q2 FY27 subject to regulatory review, guiding revenue to $4.0–$4.4 billion, GAAP net income to $507–$573 million, adjusted EBITDA to $845–$930 million, and adjusted diluted EPS to $4.30–$4.73.
Nextpower (NXT) signed a definitive agreement to acquire power conversion assets from Zigor and its U.S. unit Apex Power. The roughly $80.5 million cash deal plus about $50 million in growth investments is aimed at accelerating entry into inverter, storage, and data center markets.
The acquisition brings modular inverter technology up to 5.2 MVA, supports U.S. manufacturing ramp from 2027, and is subject to Spanish FDI and other approvals.
Nextpower (Nasdaq:NXT) reported Q4 FY26 and record FY26 results, with full-year revenue of $3.56 billion, up 20% year over year, and backlog above $5.25 billion.
Q4 FY26 revenue was $881 million with GAAP net income of $151 million. The company raised its FY27 outlook, guiding revenue to $3.8–$4.1 billion and adjusted EBITDA to $825–$900 million, and agreed to acquire power conversion product lines.
Nextpower (Nasdaq: NXT) will announce fourth quarter fiscal 2026 and full-year results after market close on May 12, 2026. The company will host an earnings conference call the same day at 2:00 p.m. PT / 5:00 p.m. ET with a live webcast on the investor relations site.
The webcast replay and supporting materials will be posted on Nextpower's investor relations website after the event.
kWh Analytics (NXT) launched a data-sharing pilot with Nextpower to reward hail-ready solar projects with lower insurance costs by integrating real-time and historical hail stow performance into its risk models.
The program uses NX Horizon® tracker data and demonstrated case-study results — including an 87% damage-probability reduction at 75° stow — to align premiums with demonstrated resiliency.
Nextpower (NASDAQ: NXT) announced SBTi validation of its near-term emissions targets on March 10, 2026. The company commits to reduce absolute Scope 1 and Scope 2 emissions by 58.8% by FY2035 from a FY25 baseline and to cut Scope 3 emissions intensity per MW by 63.8% over the same period. The release highlights supply‑chain optimization, increased use of EAF steel, and the NX Horizon low carbon tracker, which reduces embodied carbon by up to 42% versus traditional trackers. Nextpower cites its 2024 ESG program launch and an upgrade to ISS Corporate ESG Prime status in Q3 FY26.
Nextpower (NASDAQ: NXT) signed a multi-year supply agreement with Jinko Solar (NYSE: JKS) to deliver more than 1 GW of U.S.-made steel module frames, scalable to 3 GW over three years, supporting Jinko's Jacksonville, Florida module production expected mid-2026.
The deal underlines a push for localized supply chains, improved module durability from steel frames, and Nextpower's planned Southeast U.S. manufacturing expansion following recent capacity growth in Memphis and 25+ U.S. factory openings or expansions since 2021.