Nextpower (NXT) Reports $2.7B Revenue in Nine Months

By Chris Stiles • Sunday, February 01 06:15 • Permanent Link

Nextpower Inc. has recently released its 10-Q report, providing a detailed insight into its financial condition and operational performance for the three-month period ended December 31, 2025. The company, formerly known as Nextracker Inc., offers solar tracker technologies and solutions for utility-scale and distributed generation solar applications globally. Nextpower's product offerings include NX Horizon, NX Horizon-XTR, NX Horizon Hail Pro, and NX Horizon Low Carbon, along with TrueCapture, NX Anchor, NX Truss Driver, and NX Navigator. The company caters to engineering, procurement, and construction firms, as well as solar project developers and owners.

In the nine-month period ended December 31, 2025, Nextpower reported revenues of $2.7 billion, following $3.0 billion for fiscal year 2025. The company's strategic rebranding from Nextracker to Nextpower in November 2025 reflects its evolution from a tracking systems supplier to an end-to-end solar technology platform provider. Additionally, Nextpower Arabia, a joint venture with Abunayyan Holding, was incorporated to provide tracker system equipment for utility-scale solar power plants across the Middle East and North Africa region.

Nextpower has also made significant business acquisitions, including Bentek, OnSight, Origami Solar, and Fracsun, expanding its capabilities in electrical infrastructure, autonomous inspection robots, roll-formed steel frame technology, and soiling measurement and monitoring solutions, respectively. These acquisitions align with the company's strategy of integrating complementary technologies into its market-leading tracker platform to accelerate solar power plant construction, enhance performance, and improve long-term reliability.

The company's revenue mix for the three-month period ended December 31, 2025, reflected 81% from the U.S. and 19% from the rest of the world, with significant contributions from customers such as Customer G, Customer H, and Customer I. Nextpower also highlighted its focus on growth through both organic means and mergers and acquisitions, with a disciplined approach that prioritizes core competencies, technological differentiation, and customer value.

Today the company's shares have moved -2.32% to a price of $96.36. For the full picture, make sure to review Nextpower's 10-Q report.

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