Nextpower (NXT)
Builds integrated tracking, electrical, storage, and control systems for utility-scale power plants.
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Sells solar trackers, foundations, electrical hardware, control software, central inverters, and battery energy storage systems to utility-scale developers, owners, and contractors worldwide. Sales are largely project-based and depend on power-plant construction schedules, financing, and renewable-energy policy.
Designs and supplies utility-scale power technology spanning NX Horizon solar trackers, NX Foundation Solutions, steel module frames, Bentek electrical balance-of-system hardware, and TrueCapture and NX Navigator software. Its independent-row tracker architecture and control software adapt panel angles to terrain, weather, and site conditions.
Recent acquisitions added Prevalon battery energy storage systems and lifecycle services, plus Apex and Zigor central inverters for solar and storage projects. AI and robotics tools support plant inspection and operations. Customers include project developers, owners, and engineering, procurement, and construction firms across the United States and international markets.
Relies mainly on contract manufacturers, with limited owned production for controllers and electrical hardware. Demand remains tied to utility-scale project schedules, project financing, renewable-energy incentives, and trade and supply-chain rules.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 22, 2026 | Robert W. Baird | Target | Target: $156 | Target: $116 |
| Sep 8, 2026 | Piper Sandler | Initiate | Rating: —Target: $49 | Target: $116 |
| Aug 4, 2026 | Mizuho Securities | Target | Target: $142 | Target: $111 |
| Aug 3, 2026 | UBS | Reiterate | Rating: —Target: $170 | Target: $160 |
| Aug 3, 2026 | Deutsche Bank | Target | Target: $140 | Target: $137 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 3, 2026Cash & short-term investments $1.21B · Total debt $0 · Total assets $4.26B · Shareholders' equity $2.56B
- Revenue
- $935.2M
- Operating income
- $190.9M
- Net income
- $165.4M
No dividends on record.
| Institutions | ≈ 102.52% | 155.55M shares | |
|---|---|---|---|
| 767 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 1.58% | 2.39M shares | |
| 15 holders · as of Sep 2, 2026 | |||
| Strategic holders | 49.06% | 74.43M shares | |
| 1 holder · as of Jan 4, 2024 | |||
| Adds to | 153.16% | ||
151.73M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 153.16%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Flex Ltd.1Strategic10 percent owner | 49.06% | 74.43M | filed Jan 4, 2024 |
BlackRock, Inc.Institution | 13.93% | 21.14M | as of Jun 30, 2026 |
FMR LLCInstitution | 12.36% | 18.75M | as of Jun 30, 2026 |
Primecap Management Co/CA/Institution | 4.41% | 6.69M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.29% | 6.50M | as of Jun 30, 2026 |
- Flex Ltd.'s transaction reports restate only vehicles that traded; the 2024 ownership statement (74.43M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Charles D. Boynton | officer: Chief Financial Officer | −4,500 | $79.98 |
| Aug 24, 2026 | Julia Blunden | director | −3,692 | $84.10 |
| Aug 21, 2026 | Julia Blunden | director | −3,723 | $88.08 |
| Aug 19, 2026 | Brandi Elizabeth Thomas | director | −7,415 | $91.25 |
| Aug 11, 2026 | Howard Wenger | director, officer: President | −11,176 | $104.78 |
- Array Technologies
Closest US publicly-traded tracker rival; head-to-head in utility-scale bids.
- Shoals Technologies Group
#1 US eBOS provider; direct competition since NXT acquired Bentek in May 2025.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nextpower | $82.41 | −0.89% | $12.61B | 21.5 | 17.2 | 3.5 | +8.2% |
| Array Technologies | $3.97 | −2.58% | $626.1M | — | 5.0 | 0.5 | −5.6% |
| Shoals Technologies Group | $8.09 | +3.29% | $1.31B | 42.1 | 16.2 | 2.2 | +47.4% |
| Median | 42.1 | 10.6 | 1.4 | +20.9% |