Nextpower (NASDAQ:NXT) Issues Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Posted by George Bondi on Aug 1st, 2026

Nextpower (NASDAQ:NXT – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.15, FiscalAI reports. Nextpower had a return on equity of 27.50% and a net margin of 16.36%.The business had revenue of $935.17 million during the quarter, compared to the consensus estimate of $935.39 million.

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

Record Q1 performance: Revenue rose 8% year over year to $935 million, adjusted EBITDA reached $233 million, and backlog exceeded $5.5 billion, with more than $300 million of additional backlog from the newly acquired energy storage business.
Nextpower raised its fiscal 2027 outlook to $4.1–$4.4 billion in revenue, $870–$930 million in adjusted EBITDA, and $4.42–$4.73 in adjusted diluted EPS. Management cited strong demand, bookings, backlog quality, and execution, while excluding any contribution from the pending Zimmermann acquisition.
The company is expanding beyond trackers through eBOS, foundations, TrueCapture, inverters, and energy storage. eBOS is on track to generate more than $100 million of revenue this year, foundations revenue grew 50% year over year, and the UL-certified Apex inverter is expected to begin deliveries in early 2027 with more than 10 GW of U.S. capacity planned by next summer.
Nextpower Energy Storage launched following the Prevalon acquisition, adding approximately 6 GWh of turnkey project experience and exposure to utilities, standalone storage developers, hyperscalers, and data centers. Management said storage demand is growing rapidly and highlighted Prevalon’s fast-response power stabilization systems for data centers.
Near-term margins may be pressured as Nextpower invests in engineering, manufacturing, sales, and service capabilities for new products and integrates acquisitions. Although Q1 adjusted gross margin was 37%, it benefited from IEEPA tariff recoveries and favorable mix, while higher logistics costs were a headwind; management continues to target long-term gross margins in the low 30s and operating margins in the low 20s.

Nextpower Price Performance

Shares of Nextpower stock traded down $7.03 during trading on Friday, hitting $89.87. 6,190,351 shares of the company’s stock traded hands, compared to its average volume of 2,779,361. The business has a 50-day simple moving average of $117.50 and a 200-day simple moving average of $116.28. The stock has a market capitalization of $13.50 billion, a P/E ratio of 23.28, a PEG ratio of 1.93 and a beta of 1.86. Nextpower has a 1 year low of $52.61 and a 1 year high of $163.13.

Key Headlines Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

Positive Sentiment: Profitability and cash flow improved. Nextpower reported Q1 FY2027 revenue of approximately $935 million, up 8.2% year over year, while gross profit increased 19.2% to $335.9 million. Operating cash flow rose 48.9% to $121.1 million, and the company ended the quarter with $1.2 billion in cash. Adjusted EPS of $1.20 exceeded the $1.05 consensus estimate, although reported GAAP diluted EPS was $1.07. Nextpower Reports Q1 Fiscal Year 2027 Financial Results
Positive Sentiment: Outlook and strategic expansion provided support. Nextpower posted record fiscal-year revenue of $3.56 billion and raised its 2027 outlook. It also completed the acquisition of Zigor’s power-conversion assets and Apex Power, expanding its inverter and energy-storage offerings while accelerating U.S. manufacturing. Nextpower posts record FY26 revenue and raises 2027 outlook Nextpower Completes Acquisition of Power Conversion Assets
Neutral Sentiment: Analysts remain broadly bullish, but targets were trimmed. Truist raised its target to $145, while RBC, JPMorgan and Susquehanna lowered targets to $147, $152 and $157, respectively. Each firm maintained a positive rating, leaving targets well above the current trading level but signaling somewhat reduced expectations.
Neutral Sentiment: Options-market activity is drawing attention, but it does not establish a clear direction for NXT shares. Is the Options Market Predicting a Spike in Nextpower Stock?
Negative Sentiment: Investors questioned the quality and durability of reported earnings. One analysis argued that more than $100 million in subsidies and over $100 million in annual stock-based compensation inflate headline profitability, while revenue growth could slow to below 5% by 2026. The company’s dependence on subsidies also limits organic expansion outside the United States. Nextpower: Correctly Estimating The Impact Of Risk
Negative Sentiment: Recent insider-trading data showed 24 open-market sales and no purchases over six months, including sales by senior executives. That pattern may reinforce caution among investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Glj Research lifted their price target on shares of Nextpower from $147.00 to $149.44 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Barclays raised their target price on shares of Nextpower from $142.00 to $147.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Wolfe Research reissued an “outperform” rating and issued a $160.00 price target on shares of Nextpower in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $140.00 price target on shares of Nextpower in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada lowered their price objective on Nextpower from $149.00 to $147.00 and set an “outperform” rating for the company in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.42.

Read Our Latest Report on NXT

Insider Buying and Selling at Nextpower

In other news, President Howard Wenger sold 62,670 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $130.25, for a total transaction of $8,162,767.50. Following the transaction, the president directly owned 426,467 shares of the company’s stock, valued at $55,547,326.75. This represents a 12.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Nicholas Marco Miller sold 22,427 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $156.00, for a total value of $3,498,612.00. Following the sale, the chief operating officer owned 186,194 shares of the company’s stock, valued at approximately $29,046,264. This trade represents a 10.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 168,574 shares of company stock worth $22,559,770. 0.84% of the stock is owned by corporate insiders.

Institutional Trading of Nextpower

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its position in shares of Nextpower by 107.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock valued at $26,000 after acquiring an additional 155 shares during the period. Kemnay Advisory Services Inc. bought a new position in shares of Nextpower during the 4th quarter valued at approximately $39,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Nextpower by 511.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 495 shares of the company’s stock worth $37,000 after purchasing an additional 414 shares in the last quarter. BOKF NA raised its holdings in Nextpower by 1,135.7% during the third quarter. BOKF NA now owns 519 shares of the company’s stock valued at $38,000 after acquiring an additional 477 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Nextpower by 39.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 925 shares of the company’s stock worth $81,000 after acquiring an additional 262 shares during the last quarter. 67.41% of the stock is owned by hedge funds and other institutional investors.

About Nextpower

(Get Free Report)

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.