Nextpower Inc. logo

Nextpower Inc.(NXT)

upturn advisory logo
ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$79.13
09/28/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close

Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for NXT

09/28/2026: NXT (1-star) is currently NOT-A-BUY. Pass it for now.

Nextpower Inc. is a renewable energy firm focused on developing utility-scale solar and battery storage infrastructure. The company benefits from the global transition toward cleaner energy, utilizing its expertise to capture growth in solar generation and grid-balancing services. Its main strength lies in a focused development pipeline and technical niche in storage integration, though it faces stiff competition from well-capitalized utility incumbents. Investors should be aware of risks including high sensitivity to interest rates, regulatory changes, and execution challenges common in large infrastructure projects. This stock may suit investors seeking long-term growth in the energy sector, while key developments in interconnection policy and project execution remain critical monitors.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company's focus on scaling renewable energy infrastructure offers potential for high growth in an expanding industry.
Momentum investorMixed fitThis fit is conditional on positive technical signals and sector-wide sentiment driving high-growth trends.
Value investorWeak fitHigh capital intensity and early-stage development status typically result in valuations not aligned with traditional value metrics.
Dividend investorWeak fitThe company currently focuses capital on expansion rather than returning income to shareholders via dividends.
Low-risk investorWeak fitExposure to project development risks, regulatory volatility, and market fluctuations makes this a high-risk asset.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock's beta is sensitive to news regarding interest rates and energy sector policy shifts.
Valuation riskMedium / highMarket expectations for rapid growth can lead to premium valuations that are sensitive to execution delays.
Competition risk (Major Energy Utilities)HighLarger incumbents can leverage lower costs of capital to outbid or outperform in project acquisition and deployment.
Business qualityMediumThe business relies on successful execution of complex infrastructure projects rather than a diversified, established product franchise.
Dividend incomeLow / noneInvestors should not rely on this security for regular income generation.
Execution riskHighOperational delays, construction costs, and permitting hurdles can significantly impact project returns.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit -15.74%
Avg. Invested days 34
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/28/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
NXT receives a 4-star rating, supported by solid unit economics, solid company fundamentals, and strong analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
NXT has solid overall fundamentals (4 stars), with solid financial health, solid growth momentum, and solid ownership. In FY2026 versus FY2025, solid earnings growth (+15.1%) and solid cash generation (FCF margin 14.4%) are partially offset by very low insider ownership of 0.64%.

Financial Health Rating

★★★★★
NXT's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 41.3%). Profitability is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is NXT's strongest growth driver at +20.3% FY2026 versus FY2025 (solid, 4 stars). By comparison, earnings growth (+15.1%, solid) is also solid, while free-cash-flow growth (-17.7%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 109.7% and approximately 98.3% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.64%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 16.39%
FMR Inc 13.35%
Vanguard Portfolio Management, LLC 4.42%
PRIMECAP Management Company 4.41%
Vanguard Capital Management, LLC 4.22%

Unit Economics (Per $1K Revenue)

★★★★★
NXT generates approximately $326 of gross profit, $196 of operating income, and $144 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Moderate margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

★★★★★
Effective Tax Rate: 17.92%

Quantitative Style Profile

★★★★★
NXT has a high-quality, large-cap, liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Quality TiltHigh VolatilityLarge / Mega Cap StabilityShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 12.16B USD
Price to earnings Ratio 20.88
1Y Target Price 139.18
Price to earnings Ratio 20.88
1Y Target Price 139.18
Volume (30-day avg) 2.1M shares
Beta 1.92
52 Weeks Range 73.07 - 163.13
Updated Date 09/28/2026
52 Weeks Range 73.07 - 163.13
Updated Date 09/28/2026
Dividends yield (FY) -
Basic EPS (TTM) 3.79

How Company Makes Money

Business areaWhat it includesRetail investor read
Solar Energy GenerationSale of electricity generated from utility-scale solar plants via long-term Power Purchase Agreements (PPAs).The company earns money primarily by selling power to utility grids under fixed-price contracts.
Energy Storage/Grid ServicesFees earned from grid operators for balancing services and storing/releasing power during peak times.This is an emerging revenue stream that leverages batteries to stabilize power grids.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Advertisement

Valuation

Trailing PE 20.88
Forward PE 18.21
Enterprise Value 11.86B
Price to Sales(TTM) 3.35
Enterprise Value 11.86B
Price to Sales(TTM) 3.35
Enterprise Value to Revenue 3.27
Enterprise Value to EBITDA 15.67
Shares Outstanding 151.73M
Shares Floating 149.09M
Shares Outstanding 151.73M
Shares Floating 149.09M
Percent Insiders 0.64
Percent Institutions 109.65

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Nextpower Inc.

Exchange NASDAQ
Headquarters Fremont, CA, United States
IPO Launch date 2023-02-09
Co-Founder, CEO & Director Mr. Daniel S. Shugar
Sector Technology
Industry Solar
Full time employees 1993
Full time employees 1993

Nextpower Inc. provides solar and energy technology solutions for utility-scale power plants in the United States and internationally. It offers tracking solutions, including NX Horizon, a solar tracking solution; NX Horizon-XTR, a terrain-following tracker to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain; NX Horizon Hail Pro adds automatic stowing using weather service information; and NX Horizon Low Carbon, a solar tracker solution with a reduced carbon footprint. The company also provides TrueCapture, an energy yield management system that addresses power production shortfalls; NX Anchor and NX Earth Truss, a solar foundation technology to facilitate solar project development in challenging soil conditions; Truss Driver, an advanced installation equipment; and NX Navigator, which assists solar power plant owners and operators in monitoring, controlling, and protecting their solar projects. It serves engineering, procurement, and construction firms, as well as solar project developers and owners. The company was formerly known as Nextracker Inc. and changed its name to Nextpower Inc. in November 2025. The company was founded in 2013 and is headquartered in Fremont, California.