Nextpower (NXT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Nextpower

NasdaqGS•Technology•Solar

$82.89+1.54(0.02%)Market closed

Market Cap

$12.57B

P/E

21.2x

P/S

3.5x

P/B

4.9x

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.

How this company scores

GoodMetricSide Score: 75/100

Strongest: Profitability (22/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability22/25

Growth20/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality18/25

Strengths

Growing revenueStrong marginsHigh ROEInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 21.2x5y range 9.5x – 28.5x

Currently near its 12-quarter median.

P/S · 3.5x5y range 0.7x – 4.7x

Currently above its 12-quarter median.

P/B · 4.9x5y range 3.8x – 7.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 10.0% — watch for continued compression, which may signal competitive or cost pressure.

Share Dilution

Red Flag

Shares outstanding increased 5.1% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $12.57B

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.63B
Q. Revenue: $935.17M
TTM EBITDA: $735.52M
TTM Op. Income: $701.94M
Q. Op. Income: $190.91M
TTM Net Income: $594.05M
Q. Net Income: $165.35M
EPS: $1.1
Shares Out.: $150.78M

$3.63B in TTM revenue grew 17.0% YoY, reaching $935.17M last quarter. TTM EBITDA of $735.52M and TTM operating income of $701.94M show growth is flowing through to the bottom line. TTM net income of $594.05M means revenue is converting into profit. Over the past year, TTM revenue is up 17% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 35.9%
EBITDA Margin: 21.4%
Op. Margin: 20.4%
Net Margin: 17.7%

Op. margin of 20.4% is down 1.1% YoY — costs are rising relative to revenue. Net margin at 17.7% and gross margin of 35.9% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 5% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 21.2x
P/S Ratio: 3.5x
P/B Ratio: 4.9x

At 21.2x P/E, the stock trades within typical market levels. P/S of 3.5x and P/B of 4.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 33% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $4.26B
Cash: $1.21B
Long-Term Debt: N/A
Book Value: $2.56B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $121.06M
TTM Free Cash Flow: $548.73M
FCF Margin: 15.1%
FCF / Net Income: 0.9

TTM FCF of $548.73M on $121.06M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 4% — an improving trend.