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NXT

Nextpower Inc.

NXT

Nextpower Inc. • NASDAQ
$91.62 ▲ 1.05% (+0.95)
Market Cap $13.59 B
52w High $112.74
52w Low $33.29
Dividend Yield 0%
P/E 23.74
Volume 599.32K
Outstanding Shares 148.38M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $905.268M ▲ $111.515M ▲ $146.861M ▼ 16.223% ▼ $0.99 ▼ $190.816M ▼
Q1-2026 $864.253M ▼ $95.496M ▼ $157.183M ▲ 18.187% ▲ $1.06 ▼ $197.972M ▲
Q4-2025 $924.342M ▲ $110.38M ▲ $156.794M ▲ 16.963% ▼ $1.08 ▲ $195.72M ▲
Q3-2025 $679.363M ▲ $90.667M ▼ $115.283M ▼ 16.969% ▼ $0.8 ▼ $155.69M ▲
Q2-2025 $635.571M $91.32M $115.391M 18.155% $0.82 $138.594M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $845.342M ▲ $3.669B ▲ $1.683B ▲ $1.986B ▲
Q1-2026 $743.402M ▼ $3.39B ▲ $1.583B ▲ $1.807B ▲
Q4-2025 $766.103M ▲ $3.193B ▲ $1.564B ▲ $1.628B ▲
Q3-2025 $693.543M ▲ $2.984B ▲ $1.559B ▲ $1.407B ▲
Q2-2025 $561.884M $2.769B $1.486B $1.266B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $146.861M ▼ $186.879M ▲ $-44.45M ▲ $-40.489M ▼ $101.94M ▲ $171.405M ▲
Q1-2026 $157.183M ▲ $81.324M ▼ $-98.071M ▼ $-5.954M ▲ $-22.701M ▼ $70.066M ▼
Q4-2025 $156.794M ▲ $237.327M ▲ $-17.58M ▼ $-147.187M ▼ $72.56M ▼ $227.247M ▲
Q3-2025 $117.374M ▲ $143.84M ▼ $-8.941M ▲ $-3.24M ▲ $131.659M ▲ $134.899M ▼
Q2-2025 $115.391M $153.781M $-46.52M $-17.256M $90.005M $141.771M

Revenue by Products

Product Q1-2026
Reportable Segment
Reportable Segment
 $860.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been climbing steadily for several years, and profits have scaled even faster, which suggests good operating leverage. Margins appear to have improved as the company grows, pointing to a business that becomes more efficient with size rather than less. Profitability has been consistent in recent years, not just a one‑off spike, which supports the idea of a maturing, scalable model rather than an early‑stage, cash‑burning tech story. The main watchpoint is that the company is still relatively young as a public entity and operates in a cyclical, policy‑sensitive clean‑energy market, so this strong trajectory could be tested in weaker industry conditions.

Balance Sheet

Balance Sheet The balance sheet has strengthened meaningfully over time. Assets and cash have built up, giving the company a solid financial cushion to invest and absorb shocks. Debt remains modest relative to the size of the business, which reduces financial risk and interest burden. Equity has moved from a problematic position earlier on to clearly positive, signaling that past balance‑sheet issues tied to the SPAC transition have been largely repaired. Overall, it looks like a cleaner, more resilient capital structure than in the early years.

Cash Flow

Cash Flow Cash generation has shifted from patchy to consistently positive. Operating cash flow is now comfortably positive and rising, indicating that reported profits are backed by real cash, not just accounting. Free cash flow is also positive after investment needs, helped by relatively light capital spending for a hardware‑plus‑software business. This gives the company internal funding for expansion, acquisitions, and R&D, and lowers reliance on external financing. The main future risk is that large new product pushes or factory investments could temporarily tighten this picture.

Competitive Edge

Competitive Edge Nextpower sits in a strong competitive position, starting from long‑standing global leadership in solar trackers. A large installed base, deep customer relationships, and a strong reputation for reliability give it credibility on big projects. Its extensive patent portfolio and willingness to defend it create barriers for would‑be imitators. The move from being just a tracker vendor to an integrated platform provider—covering trackers, foundations, electrical systems, software, and services—raises switching costs for customers and differentiates it from more narrowly focused rivals. Localized supply chains further support competitiveness in markets with domestic‑content rules and help mitigate logistics disruptions.

Innovation and R&D

Innovation and R&D Innovation is a central part of the strategy. The company has developed advanced software that uses data and machine learning to squeeze more energy out of solar plants, as well as hardware that can handle tough terrain and weather conditions. It has pushed into AI and robotics via acquisitions, aiming to automate inspection, cleaning, and maintenance—turning one‑time equipment sales into more recurring, service‑like revenue. The roadmap extends into power conversion systems and deeper digital offerings, which, if executed well, could broaden its role in the value chain. The flip side is execution risk: integrating acquisitions, scaling new technologies, and maintaining quality while growing quickly will be key tests.

Summary

Nextpower has evolved from a focused solar‑tracker maker into a broader clean‑energy technology platform with strong growth, improving profitability, and a healthier balance sheet than in its early days. Its leadership position, large installed base, patent protection, and integrated hardware‑software‑services model create a meaningful moat in a rapidly expanding sector. Solid cash generation and relatively low debt provide room to keep investing in innovation and strategic acquisitions. The main areas to monitor are execution on new product lines like power conversion systems, integration of AI and robotics capabilities, and the impact of policy changes and industry cycles on demand. Overall, this is a growth‑oriented, innovation‑driven business with clear strengths but also the usual risks of rapid expansion in a dynamic, policy‑sensitive market.

NEWS

November 25, 2025 · 5:00 PM UTC

Early Warning Report Issued Pursuant to National Instrument 62-103 in Connection with the Acquisition of Common Shares of NXT Energy Solutions Inc.

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November 14, 2025 · 6:00 AM UTC

T1 Energy Reports Third Quarter 2025 Results

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November 12, 2025 · 6:46 PM UTC

NXT Energy Solutions Announces Third Quarter 2025 Results

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November 12, 2025 · 9:15 AM UTC

Nextracker Rebrands as Nextpower to Reflect the Company's Position as an Integrated Power Technology Innovator

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November 7, 2025 · 6:46 PM UTC

NEXTGEN DIGITAL CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT OF UNITS

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