| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 46 | 21.3x | 17.8x | Around median | |
Growth | 81 | 17.0% | 7.1% | Top tier | |
Quality | 78 | 26.8% | 4.5% | Top tier | |
Safety | 80 | — | 2.6x | Top tier | |
Capital Return | 71 | — | 2.12% | Top tier | |
Momentum | 31 | 47.5% | 2.9% | Bottom tier | |
Sentiment | 72 | 15 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Nextpower Inc. develops and supplies utility-scale solar power plant technologies, with the NX Horizon tracker remaining at the core of its business, alongside XTR solutions for complex terrain, Hail Pro for extreme weather, and the TrueCapture system for optimizing plant performance. The company is expanding its revenue model through an “everything but the solar panel” strategy that combines trackers, foundations, steel frames, eBOS systems, inspection services, and software, while adding power conversion technologies aimed at solar, storage, and data center applications.
In Q1 fiscal 2027, Nextpower reported revenue of $935.2 million and gross profit of $335.9 million, equivalent to a gross margin of approximately 35.9%, as well as net income of $165.4 million at a net margin of approximately 17.7%, and earnings per share of $1.07. By comparison, Q4 fiscal 2026 revenue was approximately $880.5 million, gross profit was $297.4 million, and net income was $150.6 million, demonstrating sequential improvement in revenue and profitability according to EDGAR data.
The company ended fiscal 2026 with revenue of approximately $3.56 billion, up 20% year over year, gross profit of approximately $1.2 billion, net income of $585.9 million, and earnings per share of $3.84. Adjusted EBITDA reached $854 million, and adjusted free cash flow was $514 million, while cash and equivalents reached approximately $1.1 billion with no debt. Commercially, the United States accounted for 79% of fiscal 2026 bookings, compared with 21% for other markets, and the backlog reached a record level exceeding $5.25 billion.
The average analyst price target is $148.65, within a wide range of $111 to $179, and the consensus rating is “Buy.” The average is below the 52-week high of $163.13, while the highest target exceeds it. The 52-week range extends from $64.30 to $163.13, and no price-to-earnings ratio is available in the provided data. Therefore, the available valuation assessment relies on the breadth of the target range relative to the backlog and growth, balanced against slowing revenue guidance and the pressure of power conversion investments on near-term profitability.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
The solar tracker business, led by NX Horizon, remains the primary driver of Nextpower’s revenue. Meanwhile, the company expects growth exceeding 40% in non-tracker activities during fiscal 2027, bringing them to approximately 15% of revenue. These activities include foundations, eBOS systems, steel frames, and TrueCapture, in addition to a limited contribution from power conversion during fiscal 2027.
The backlog exceeded $5.25 billion when Q4 fiscal 2026 results were announced on May 12, 2026, compared with approximately $2.1 billion at the initial public offering approximately 2.25 years before the call. Management confirmed that the figure includes only binding orders and contracts and excludes awards or advanced negotiations. Fiscal 2026 bookings were also distributed 79% in the United States and 21% across other regions.
The company entered into a definitive agreement to acquire market-ready power conversion product lines while developing its internal technology. The system has a capacity of 4.5 megavolt-amperes for solar applications and 5.2 megavolt-amperes for storage and data center applications, and UL and IEC testing was in progress on May 12, 2026. The company also has a conditional letter of intent for more than 100 megawatts and an initial supply capacity of one gigawatt annually that can be increased to three gigawatts annually.
Automated analysis for informational purposes only — not investment advice.
The company ended fiscal 2026 with approximately $1.1 billion in cash and equivalents and no debt, after generating $514 million in adjusted free cash flow. It plans to invest approximately $130 million to accelerate the power conversion business, including $50 million in additional costs and up to $80 million for the asset purchase agreement. It also expects adjusted free cash flow of between $450 million and $500 million and capital expenditures of between $75 million and $100 million in fiscal 2027.
Management expects gross margin to remain in the low-thirties range during fiscal 2027, with continued elevated shipping and logistics costs related to disruptions in the Middle East. Operating expenses will also increase to 10.5%–11.5% of revenue due to investment in expanding the platform, compared with a long-term target of 8%–9%. Accordingly, adjusted EBITDA guidance ranges from $825 million to $900 million, compared with $854 million achieved in fiscal 2026.
Sales of the XTR tracker designed for complex terrain exceeded 50 gigawatts, while sales of Hail Pro solutions for extreme weather exceeded 30 gigawatts. During fiscal 2026, Hail Pro trackers faced 4,610 hailstorms, including 57 events with hailstones reaching three inches in diameter, with a panel survival rate of 99.99%. The company also reduced NX Horizon installation time by 20%, according to a third-party engineering study, and recorded record revenue from the TrueCapture system in fiscal 2026.
