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NXT · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Nextpower Inc. Common Stock (NXT) stock moving?
Nextpower reported fiscal Q2 2027 results on Oct 28 with revenue of $1,109M, up about 23% from $905M a year earlier, record bookings, and backlog above $6 billion. Adjusted EBITDA reached $250M and adjusted diluted EPS $1.31, and full-year guidance was raised. The stock reacted sharply: it gapped from a $79.33 close on Oct 30 to $91.13 on Nov 2 on 5.5M shares, then peaked with an intraday high of $115 on Nov 4 on 10.3M shares before closing at $106.70. Since then it has pulled back to $99.82 on Nov 10, about 13% below the peak and still about 26% above the Oct 30 close, while daily volume has fallen to 2.3M, below the earnings-week levels. Analyst coverage has been uniformly positive, with Buy or Overweight ratings from GLJ, Citi, Piper Sandler, Cantor Fitzgerald, UBS, Wells Fargo, JP Morgan and Deutsche Bank, and Jefferies naming it a new Franchise Pick. Price targets now range from $113 to $158, so the share price sits below most of them. Not every revision was upward: UBS and Wells Fargo cut their targets, and margin quality needs watching, since GAAP gross margin fell to 31.1% from 35.9% in Q1 and results include about $99M of IRA 45X credits and tariffs, net. The Zimmermann acquisition added European reach across 68 countries.
News behind the analysis
- Citigroup Maintains Buy on Nextpower, Raises Price Target to $126Citi maintained its Buy rating on Nextpower and raised its price target to $126. The note follows the company's strong fiscal Q2 2027 results.
- Piper Sandler Maintains Overweight on Nextpower, Raises Price Target to $115Piper Sandler kept its Overweight rating and lifted its price target to $115 from $110.
- Cantor Fitzgerald Maintains Overweight on Nextpower, Raises Price Target to $125Cantor Fitzgerald maintained its Overweight rating and raised its price target to $125 from $55.
- Nextpower Stock Climbs as Strong Q2 Sparks Wall Street Forecast DivideThe stock rose after strong Q2 results and higher guidance, with GLJ Research raising its forecast while UBS and Wells Fargo trimmed theirs.
- GLJ Research Maintains Buy on Nextpower, Raises Price Target to $158GLJ Research reaffirmed its Buy rating and raised its price target to $158, the highest target among the recent notes.
- Jefferies Names Nextpower as New Franchise PickJefferies named Nextpower its new Franchise Pick, replacing GE Vernova, citing strong channel checks and a positive growth outlook.
- Nextpower Inc. Reports Q2 FY2027 Results, Raises Full-Year Guidance, and Completes AcquisitionRevenue reached $1.1 billion with record bookings and backlog above $6 billion, and full-year guidance was raised. The Zimmermann PV-Steel acquisition for about $230 million was completed.
- Wells Fargo Maintains Overweight on Nextpower, Lowers Price Target to $125Wells Fargo kept its Overweight rating but cut its price target to $125 from $151.
- UBS Adjusts Price Target on Nextpower to $140 From $160, Maintains Buy RatingUBS lowered its price target to $140 from $160 while keeping its Buy rating.
About Nextpower Inc. Common Stock
Nextpower, called Nextracker until November 2025, is based in Fremont, California. It designs and supplies solar trackers, which are motorised mounts that turn solar panels to follow the sun, along with other hardware and software for large utility-scale solar power plants. By its own account it has been the world's largest solar tracker supplier for ten years in a row and has shipped more than 150 GW of systems. It is now branching out into foundations, electrical equipment, module frames, robotics and power conversion.
How it makes money
Most of its revenue comes from selling solar tracker systems for big solar projects. Its customers are construction contractors (EPC firms) and the developers and owners of solar projects. It also earns money from foundation products, installation equipment, electrical balance-of-system parts, and software such as its TrueCapture yield tool and NX Navigator monitoring system, plus related services. Revenue over the last twelve months was roughly $3.8 billion. The company has said it expects about one-third of revenue to come from non-tracker products and services by fiscal 2030.
What usually moves NXT
- Pace of utility-scale solar construction, especially in the US
- US clean-energy tax credits and policy changes
- Tariffs, trade rules and steel costs
- Order backlog and quarterly earnings guidance
- Growth in power demand from AI data centers