Nextpower Inc. (NXT) Stock Price & How to Invest

Nextpower, known until November 2025 as Nextracker, is the largest provider of solar tracker systems in the world. Trackers are the steel and software structures that tilt utility-scale solar panels to follow the sun across the day, boosting energy output meaningfully versus fixed-tilt mounting. Nextracker designs and supplies these single-axis tracking systems along with control software (TrueCapture) that optimizes panel angles in real time, plus foundation, monitoring, and software services. It makes money selling hardware and software to developers and EPC contractors building large solar power plants, primarily in the United States but also internationally. Spun out of Flex and taken public in 2023, Nextracker benefits from US clean-energy buildout and domestic-content incentives that favor American-made trackers. Headquartered in Fremont, California, the company runs an asset-light model that relies on a network of contract manufacturers, and has expanded into adjacent areas like foundations and energy storage integration, the broadening that the Nextpower name is meant to signal.

The financials have kept growing even as the share price has not. Trailing revenue reached ~$3.63 billion with net income near ~$594 million, and the fiscal first quarter of 2027 (the quarter ended July 3, 2026) brought revenue of ~$935 million, up ~8% year over year, and EPS of ~$1.20 against a ~$1.05 consensus. The balance sheet holds ~$1.21 billion of cash against only ~$38 million of debt. The stock, by contrast, closed at ~$83.50 on October 16, 2026, down ~10.0% year to date, ~21% over three months and ~4.7% over one year, roughly half its 52-week high of ~$163.13. The next report is due October 28, 2026, with consensus at ~$1.10 of EPS on ~$1.07 billion of revenue.

Nextpower's fortunes are tied to the pace of utility-scale solar deployment, which is sensitive to interest rates, financing costs, interconnection queues, and the stability of clean-energy tax incentives. Policy changes that reduce or restructure US solar incentives are a significant risk to demand. The business depends on steel and component costs and on a network of contract manufacturers, exposing margins to input-price and supply-chain swings. Competition from other tracker makers can pressure pricing, and project timing can make quarterly results lumpy. Customer concentration among large developers and EPCs adds further variability. The share price has shown how much of this the market is weighing: NXT fell from a 52-week high near ~$163 to ~$83.50 by October 16, 2026, even though the latest quarter beat estimates, and consensus for the September quarter implies EPS down ~7% year over year.

28 analysts publish price targets on NXT, averaging $135.36 against a $80.04 price as of October 2026, or +69.1%. The published targets run from $70.00 to $175.00, a wide spread, and the ratings split 26 buy, 3 hold, 0 sell. Over the last six months there have been 0 raises and 10 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full NXT forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Nextpower Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Utility-scale solar growth. Solar is one of the fastest-growing sources of new electricity generation, and the vast majority of large ground-mount projects use trackers rather than fixed-tilt mounting. The most optimistic published target, $175.00, assumes this works close to its best case.

The case against. Nextpower's fortunes are tied to the pace of utility-scale solar deployment, which is sensitive to interest rates, financing costs, interconnection queues, and the stability of clean-energy tax incentives. The most pessimistic target, $70.00, is roughly what NXT is worth if this bites instead.

Read the full bull and bear case on NXT, including what would have to change to break either one. Walnut is not an investment adviser.

No. Nextpower Inc. (NXT) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Nextpower Inc.'s investor relations page or your broker.

• Revenue (TTM): ~$3.63 billion
• Revenue growth: ~8% year over year in the quarter ended July 3, 2026 (~$935 million)
• Operating margin: ~21% (trailing); net margin ~16%
• Net income (TTM): ~$594 million; trailing EPS ~$3.87; latest quarter EPS ~$1.20 vs ~$1.05 consensus
• Valuation: ~22x trailing and ~15x forward EPS; ~3.5x sales; ~15x EV/EBITDA
• Market cap: ~$12.8 billion at ~$83.50 (October 16, 2026); 52-week range ~$76.71 to ~$163.13
• Balance sheet: ~$1.21 billion cash, ~$38 million debt
• Dividend: none

Nextpower is profitable and cash-generative, unusual among clean-energy equipment names, and carries almost no debt. After a ~49% slide from its 52-week high the shares trade near ~15x forward earnings, a multiple that prices in slower solar installations and policy risk more than the company's recent results, which have beaten estimates. The next test is the October 28, 2026 report, where consensus sits at ~$1.10 of EPS on ~$1.07 billion of revenue.

If you want NXT exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

These are the investment theses NXT naturally fits into. Each links to a full theme guide listing every other stock that belongs and the ETFs commonly used as a passive proxy.

Other names that sit close to NXT: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get NXT exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (ICLN, TAN, ACES), which spreads the position across many companies. Or build it into a focused thematic portfolio, so NXT sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where NXT fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Nextpower (NXT), formerly Nextracker, is a market-leading, cash-generative solar tracker company, unusual among clean-energy equipment names for being consistently profitable, with ~$594 million of trailing net income and almost no debt. In a portfolio it behaves as a clean-energy and renewable-infrastructure holding tied to the pace of utility-scale solar and US policy, with lumpy project timing, steel-input and interest-rate sensitivity, and meaningful exposure to changes in solar tax incentives, which the stock's ~49% fall from its 52-week high has made very visible in 2026.

Whether NXT is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is NXT a buy or a sell?, and where the stock could go from here in the NXT stock forecast.

For income investors, whether NXT pays a dividend and how the payout looks is covered in does NXT pay a dividend? And to weigh NXT against a peer, read the full side-by-side comparisons: NXT vs AES and NXT vs ENPH.