Nextpower Inc. Reports Strong Q3 2026 Earnings Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: seekingalpha
- Significant Revenue Growth: Nextpower's Q3 revenue increased by 34% year-over-year to $909 million, with adjusted EBITDA rising 15% to $214 million, demonstrating the company's strong operational discipline and focus on customer engagement, thereby solidifying its market position.
- Successful Joint Venture Launch: The completion of the Nextpower Arabia joint venture with Abunayyan Holding is set to supply 2.25 gigawatts of tracking systems for a major solar project and support local manufacturing of up to 12 gigawatts annually, facilitating the company's expansion in the Middle East market.
- Upgraded Financial Outlook: The company raised its fiscal 2026 revenue guidance to between $3.425 billion and $3.5 billion, with adjusted EBITDA expectations of $810 million to $830 million, reflecting management's confidence in sustained market demand and growth prospects.
- Strong Cash Position: Nextpower exited Q3 with $953 million in cash and cash equivalents and no debt, while the Board authorized a share repurchase program of up to $500 million, further enhancing investor confidence in the company's financial health.
Analyst Views on NXT
Wall Street analysts forecast NXT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NXT is 105.33 USD with a low forecast of 76.00 USD and a high forecast of 125.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
15 Buy
5 Hold
0 Sell
Strong Buy
Current: 107.280
Low
76.00
Averages
105.33
High
125.00
Current: 107.280
Low
76.00
Averages
105.33
High
125.00
About NXT
Nextpower Inc., formerly Nextracker Inc., designs, engineers, and delivers an advanced energy technology platform for solar power plants. Its integrated solutions are designed to streamline project execution, increase energy yield and long-term reliability. The Company's products and services include trackers, foundations, eBOS, software, controls, and module mounting. Its services include design, deploy, and operate. Its design services include site evaluations, design and engineering, and training programs. Its deploying services include efficient commissioning, fully equipped, and fast-tracked scheduling. Its operating services engaged in the monitor, manage, and mitigating risk with tools and tech.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
