Nextpower (NXT)

Yesterday (11/12), we attended Nextracker’s (NXT; $88.32; E/W) Capital Markets Day at its headquarters in Fremont, CA where management announced a corporate rebrand under an updated name of Nextpower and rolled out a long-term financial…

We bump up our F2026/F2027E (Mar) EBITDA for Nextracker (NXT; $90.38; E/W) from $785mm/$890mm to $800mm/$900mm, which compares to its $777mm earned in F2025. This is after NXT produced some healthy “across the board” FQ2…

Nextracker (NXT; $90.38; E/W) reported FQ2 (Sep) adjusted EPS of $1.19, which was comfortably ahead of our consensus matching $1.01 on sales of $905mm (+42% YoY) that were also much better than our $825mm as…

Earlier this week, we attended the RE+ 2025 conference in Las Vegas where we joined Nextracker’s (NXT; $67.44; E/W) Analyst Briefing, which included some prepared remarks from CEO Dan Shugar and CFO Chuck Boynton. Overall,…

The shares of Nextracker (NXT; $66.79; E/W) continue to be heavily influenced by the comings and goings of new U.S. solar policy, which oversees 68% of the company’s LTM sales, especially since current F2026E (Mar)…

We adjust our F2026/F2027E (Mar) EBITDA for Nextracker (NXT; $58.98; E/W) from $775mm/$888mm to $785mm/$890mm after FQ1 (Jun) EBITDA was somewhat below our modeling, but ahead of consensus, albeit with some “puts and takes”. At…

The shares of Nextracker (NXT; $61.53; E/W) have been largely influenced by the “comings and goings” of supposed, confirmed, and then updated changes to U.S. energy policy since the company reported its FQ4 (Mar) results…

The shares of Nextracker (NXT; $66.31; E/W) surged 25% last week to new all-time highs as the U.S. Budget Reconciliation Bill was passed by Congress and subsequently signed into law by President Trump on July…

The shares of Nextracker (NXT; $55.35; E/W) are down 5% this morning after the U.S. Senate once again revised the proposed U.S. Budget Reconciliation Bill over the weekend. The bill, which according to press reports…

On Wednesday (6/25), Nextracker (NXT; $58.22; E/W) announced it was selected to supply its NX Horizon solar trackers to power the Oricheio PPC solar photovoltaic (PV) park in Western Macedonia, Greece which we think provides…

Yesterday, Nextracker (NXT; $55.88; E/W) announced it has now deployed more than 10GW of solar tracker projects in India, which is becoming a significant market even when compared to the company’s total tracker shipments of…

We reduce our rating on the shares of Nextracker (NXT; $55.04) from Outperform to Equal-Weight with the stock now up ~50% YTD, albeit mostly in the past month or so, and since F2026E (Mar) guidance…

Nextracker (NXT; $55.04; O/P) reported FQ4 (Mar) adjusted EPS of $1.29, which was well ahead of our $1.02 and the Street’s $0.97 on sales of $924mm (+26% YoY) that were also much higher than our…

We reiterate our Outperform and $65 target on the shares of Nextracker (NXT; $39.62), while raising our F2025/F2026E (Mar) EPS from $3.30/$3.20 to $3.95/$3.60, after the company delivered another healthy “beat and raise” on its…

Nextracker (NXT; $39.62; O/P) reported FQ3 (Dec) adjusted EPS of $1.03, which was handily ahead of our $0.55 and the Street’s $0.58 on sales of $679mm (-4% YoY) that were also comfortably higher than our…