Company Reports

Nextpower reported revenue of $935 million, up 8% year on year. Adjusted gross margin rose 360 basis points to 36.6%. The company also acquired the Prevalon energy storage business, Apex Power, and key assets of Zigor's inverter business, while announcing it will acquire Zimmerman PV-Steel.

Nextpower is the world’s largest manufacturer of smart tracker systems for utility-scale solar projects globally.

Nextpower is the world’s largest manufacturer of smart tracker systems for utility-scale solar projects globally.

Nextpower's fourth-quarter fiscal 2026 results easily cleared market expectations, with revenue over $881 million declining nearly 5% year on year. Despite the revenue drop, adjusted gross profit of $304 million fell marginally, due to adjusted gross margin improvements of 210 basis points to 34.5%.

Nextpower is the world’s largest manufacturer of smart tracker systems for utility-scale solar projects globally.

Nextpower reported fiscal third-quarter revenue and EBITDA of $909 million and 23% EBITDA margins, respectively. Full-year revenue and EBITDA guidance were raised approximately 3%.

Nextpower is the world’s largest manufacturer of smart tracker systems for utility-scale solar projects globally.

Nextracker's Nov. 12 investor day highlighted its expansion beyond solar trackers, including renaming the company to NextPower. Shares closed down 9% on the day after long-term guidance, particularly for its tracker business, underwhelmed compared with expectations.

Nextracker reported fiscal second-quarter revenue and EBITDA of $905 million and 25% EBITDA margins. Full-year revenue and EBITDA guidance were raised by approximately 2%.

Nextracker is the world’s largest manufacturer of smart tracker systems for utility-scale solar projects globally.

On Aug. 15, the US Treasury released highly awaited new guidance on beginning construction requirements for renewable energy projects to qualify for tax credits. Shares of solar equities rose between 10% and 30% as the news was broadly better than feared.

Nextracker reported fiscal first-quarter revenue and EBITDA of $864 million and $215 million, respectively, compared with consensus estimates (per PitchBook) of $841 million and $199 million. Full-year revenue and EBITDA guidance were raised 1% and 6%, respectively.

On July 3, the US House narrowly passed the budget reconciliation bill, which is expected to be signed by President Trump. The final bill includes changes to current renewable energy incentives, but is more favorable than earlier drafts, sending shares of solar stocks higher by 5%-15%.

Nextracker is the world’s largest manufacturer of smart tracker systems for utility-scale solar projects globally.

On July 1, the US Senate passed its version of the tax bill, with language tweaked to be more favorable toward renewable energy credits compared with the draft released over the previous weekend.

On June 16, Senate Republicans unveiled their tax bill proposal, which would maintain tax credits for nuclear and battery storage, phase out wind and solar tax credits on an accelerated timeline, and end rooftop solar incentives at year-end 2025.

On May 22, the US House passed its highly anticipated tax bill, which included changes to clean energy tax credits relative to the initial draft. The revised draft would eliminate rooftop solar incentives at the end of this year, while accelerating the phaseout of broader renewables incentives.

Nextracker reported fiscal fourth-quarter revenue and EBITDA of $924 million and $242 million, respectively, surpassing consensus estimates (per PitchBook) of $830 million and $192 million. Fiscal 2026 guidance is for 12% revenue growth and 22% EBITDA margins.

Nextracker is the world’s largest manufacturer of smart tracker systems for utility-scale solar projects globally.

On May 12 the House Ways and Means Committee released its long-awaited budget reconciliation bill. The bill includes updates to key clean energy incentives established or extended under the Inflation Reduction Act.