Nextpower Inc

NXT

Market cap $15.4B

NXT's surging stock, rising guidance and global expansion sharpen its edge over ARRY in the race to capture booming solar tracker demand.

Recently, Zacks.com users have been paying close attention to Nextracker (NXT). This makes it worthwhile to examine what the stock has in store.

FREMONT, Calif.--(BUSINESS WIRE)--Nextpower™ (NASDAQ: NXT), a leading provider of intelligent power generation technology and solutions for solar power plants, today announced its second major commercial order for U.S.-manufactured steel module frames, entering into a multi-year supply agreement with Jinko Solar (U.S.) Industries Inc. (NYSE: JKS), one of the longest operating solar module manufacturers in the United States. Under the agreement, Nextpower plans to supply more than one gigawatt (.

At approximately $121.37 per share, Nextpower (NXT) is trading close to its 52-week high.

Nextpower has managed a 22% gain so far in 2026 while solar stocks remain a strong industry group.

Nextpower Inc. remains a buy as strong execution, a >$5B backlog, and IRA monetization underpin robust demand visibility. NXT's decentralized tracker architecture enables terrain-following and Agri-PV projects, expanding TAM and lowering project ROI hurdles. US revenue surged 63% y/y, driving 34% total growth; margin normalization is offset by opex efficiency, setting up for future margin expansion.

Nextracker (NXT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Nextpower Inc. delivered strong FY26 Q3 results, with robust revenue growth and record backlog, but margins have compressed. NXT's valuation has expanded sharply—now trading at over 30x earnings—prompting a shift from buy to hold despite continued guidance increases. Cash position remains exceptional, with $952 million and no debt, supporting future growth and acquisitions, though cash from operations is down 12% YoY.

Nextpower Inc (NASDAQ:NXT) experienced a significant Power Inflow alert, a key bullish indicator that is closely tracked by traders who value order flow analytics, specifically institutional and retail order flow data.

Nextpower once called itself Nextracker because it made systems that allowed solar power cells to track the sun. The company has expanded beyond trackers, offering other products that support solar power development.