NXT Stock Analysis: Nextpower | NASDAQ
Solar | NASDAQ, USA | Market Cap: 12.265m USD | 12M Return: -10.2% | US65290E1010 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 179M
EPS Trend: 82.3%
Qual. Beats: 14
Rev. Trend: 98.1%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 3.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Nextpower Inc. (NASDAQ: NXT) is a U.S.-based provider of solar and energy technology solutions focused primarily on utility-scale power plants in domestic and international markets. The company sells a portfolio of hardware and software products, including the NX Horizon family of solar trackers (with terrain-following, hail-protection, and low-carbon variants), the TrueCapture energy yield management system, foundation technologies (NX Anchor, NX Earth Truss) for difficult soil conditions, the Truss Driver installation tool, and the NX Navigator monitoring and control platform.
Its customers are largely engineering, procurement, and construction (EPC) firms, solar project developers, and asset owners. The company was founded in 2013, is headquartered in Fremont, California, IPOd in February 2023, and rebranded from Nextracker Inc. to Nextpower Inc. in November 2025. It is classified under the GICS Industrials sector, specifically the Electrical Components & Equipment sub-industry.
Solar trackers are a critical component of utility-scale photovoltaic installations, mechanically orienting panels toward the sun to boost energy output compared with fixed-tilt systems. Nextpowers focus on the tracker and adjacent balance-of-system segments positions it within the broader renewable energy infrastructure supply chain, where demand is driven by utility-scale solar project pipelines and decarbonization initiatives.
- US utility-scale solar installations accelerate backlog conversion
- Steel and component costs pressure tracker gross margins
- IRA tax credit policy underpins domestic solar demand
| Net Income: 612.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA -3.77 > 1.0 |
| NWC/Revenue: 43.95% < 20% (prev 39.10%; Δ 4.85% < -1%) |
| CFO/TA 0.13 > 3% & CFO 600.2m > Net Income 612.6m |
| Net Debt (-977.0m) to EBITDA (759.1m): -1.29 < 3 |
| Current Ratio: 2.23 > 1.5 & < 3 |
| Outstanding Shares: last quarter (153.9m) vs 12m ago 1.24% < -2% |
| Gross Margin: 33.00% > 18% (prev 32.98%; Δ 0.02% > 0.5%) |
| Asset Turnover: 92.30% > 50% (prev 91.94%; Δ 0.36% > 0%) |
| Interest Coverage Ratio: 569.2 > 6 (EBIT TTM 728.5m / Interest Expense TTM 1.28m) |
| A: 0.36 (Total Current Assets 3.06b - Total Current Liabilities 1.37b) / Total Assets 4.64b |
| B: -0.42 (Retained Earnings -1.97b / Total Assets 4.64b) |
| C: 0.18 (EBIT TTM 728.5m / Avg Total Assets 4.15b) |
| D: 1.33 (Book Value of Equity 2.65b / Total Liabilities 1.99b) |
| Altman-Z'' = 3.57 = A |
| DSRI: 0.42 (Receivables 584.3m/1.22b, Revenue 3.83b/3.37b) |
| GMI: 1.00 (GM 32.98% / 33.00%) |
| AQI: 1.02 (AQ_t 0.32 / AQ_t-1 0.31) |
| SGI: 1.14 (Revenue 3.83b / 3.37b) |
| TATA: 0.00 (NI 612.6m - CFO 600.2m) / TA 4.64b) |
| Beneish M = -3.39 (Cap -4..+1) = AA |
As of November 03, 2026, the stock is trading at USD 91.13 with a total of 5,509,192 shares traded. Over the past week, the price has changed by +19.16%, over one month by +8.10%, over three months by +0.51% and over the past year by -10.22%.
Current recommended Stop Loss: 83.30 (which is 8.6% or 1.8 ATR below the current price).
Nextpower has received a consensus analysts rating of 4.55. Therefore, it is recommended to buy NXT.
- StrongBuy: 19
- Buy: 7
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 132.1 | 45% |
P/E Trailing = 20.1083
P/E Forward = 18.0832
P/S = 3.3785
P/B = 4.7071
P/EG = 3.1548
Revenue TTM = 3.83b USD
EBIT TTM = 728.5m USD
EBITDA TTM = 759.1m USD
Long Term Debt = unknown (none)
Short Term Debt = 11.9m USD (from shortTermDebt, last fiscal year)
Debt = 52.9m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -977.0m USD (calculated: Debt 52.9m - CCE 1.03b)
Enterprise Value = 11.3b USD (12.3b + Debt 52.9m - CCE 1.03b)
Interest Coverage Ratio = 569.2 (Ebit TTM 728.5m / Interest Expense TTM 1.28m)
EV/FCF = 20.50x (Enterprise Value 11.3b / FCF TTM 550.7m)
FCF Yield = 4.88% (FCF TTM 550.7m / Enterprise Value 11.3b)
FCF Margin = 14.36% (FCF TTM 550.7m / Revenue TTM 3.83b)
Net Margin = 15.98% (Net Income TTM 612.6m / Revenue TTM 3.83b)
Gross Margin = 33.00% ((Revenue TTM 3.83b - Cost of Revenue TTM 2.57b) / Revenue TTM)
Gross Margin QoQ = 31.13% (prev 35.91%)
Tobins Q-Ratio = 2.43 (Enterprise Value 11.3b / Total Assets 4.64b)
Interest Expense / Debt = 2.42% (Interest Expense 1.28m / Debt 52.9m)
Taxrate = 18.76% (141.5m / 754.1m)
NOPAT = 591.9m (EBIT 728.5m * (1 - 18.76%))
Current Ratio = 2.23 (Total Current Assets 3.06b / Total Current Liabilities 1.37b)
Debt / Equity = 0.02 (Debt 52.9m / totalStockholderEquity, last quarter 2.65b)
Debt / EBITDA = -1.29 (Net Debt -977.0m / EBITDA 759.1m)
Debt / FCF = -1.77 (Net Debt -977.0m / FCF TTM 550.7m)
Total Stockholder Equity = 2.42b (last 4 quarters mean from totalStockholderEquity)
RoA = 14.75% (Net Income 612.6m / Total Assets 4.64b)
RoE = 25.29% (Net Income TTM 612.6m / Total Stockholder Equity 2.42b)
RoCE = 22.31% (EBIT 728.5m / Capital Employed (Total Assets 4.64b - Current Liab 1.37b))
RoIC = 19.18% (NOPAT 591.9m / Invested Capital 3.09b)
WACC = 10.58% (E(12.3b)/V(12.3b) * Re(10.62%) + D(52.9m)/V(12.3b) * Rd(2.42%) * (1-Tc(0.19)))
Discount Rate = 10.62% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 93.73 | Cagr: 1.38%
[DCF] Terminal Value 67.35% ; FCFF base≈560.0m ; Y1≈543.3m ; Y5≈537.2m
[DCF] Fair Price = 46.75 (EV 6.12b - Net Debt -977.0m = Equity 7.09b / Shares 151.7m; r=10.58% [WACC]; 5y FCF grow -4.05% → 2.50% )
EPS Correlation: 82.35 | EPS CAGR: 21.51% | SUE: 2.22 | # QB: 14
Revenue Correlation: 98.11 | Revenue CAGR: 19.59% | SUE: 1.28 | # QB: 1
EPS current Quarter (2026-12-31): EPS=1.12 | Chg30d=-6.20% | Revisions=-38% | Analysts=21
EPS current Year (2027-03-31): EPS=4.70 | Chg30d=+0.39% | Revisions=-38% | GrowthEPS=+0.0% | GrowthRev=+0.0%
EPS next Year (2028-03-31): EPS=5.71 | Chg30d=-1.09% | Revisions=-12% | GrowthEPS=+21.5% | GrowthRev=+19.3%
[Analyst] Revisions Ratio: -39% (up=4, down=11)