New York, May 25, 2026, 10:03 (EDT)
- U.S. markets are shut for Memorial Day. Nextpower finished Friday at $130.50, up 7.83% on the day, though that’s about 9.6% lower than last week’s close.
- Nextpower lifted its forecast for fiscal 2027 revenue after posting all-time highs for both revenue and backlog in fiscal 2026.
- This week, the focus is on whether Friday’s bounce sticks or just interrupts the post-earnings drop.
Nextpower Inc. (Nasdaq:NXTP) starts the shortened U.S. trading week with its stock at $130.50 after bouncing late Friday. The shares jumped 7.83% that day but finished the week 9.6% down from their May 15 close. U.S. equity markets are shut Monday for Memorial Day.
Tuesday’s open looks set to test demand for this clean-energy stock again. Investors got a higher revenue outlook and a larger backlog — orders still to be fulfilled — but shares didn’t gain much last week. After the big rally, there isn’t as much room for errors now.
Nextpower shares took some sharp turns this week. The stock finished Monday at $134.48 and then dropped to $121.02 by Thursday. It rallied on Friday, with 2.8 million shares traded. The Nasdaq Composite, by contrast, inched up 0.19% on Friday, a much quieter move than what Nextpower saw.
May 12 results remain the main driver. Nextpower reported fiscal Q4 revenue of $881 million. GAAP diluted earnings per share came in at 97 cents, with adjusted diluted EPS at $1.05. Adjusted EBITDA was $202 million, excluding interest, taxes, depreciation, amortization, and some other costs.
Nextpower’s revenue for the full fiscal year climbed 20% to $3.56 billion, while backlog finished above $5.25 billion. CEO Dan Shugar described the year as a “defining inflection point” and said the company is getting “clear, measurable traction” as it expands into electrical, foundation, and robotics products beyond solar trackers. CFO Chuck Boynton pointed to “strong financial performance” and “meaningful cash generation.” Nextpower
The company raised its fiscal 2027 revenue target to a range of $3.8 billion to $4.1 billion, up from $3.6 billion to $3.8 billion. Adjusted EBITDA is now seen at $825 million to $900 million. The guidance factors in about $50 million in planned costs for its shift to power conversion.
Power conversion is key because it’s how inverter equipment changes direct current from solar panels or batteries into alternating current for the grid. Nextpower said it will buy assets from Zigor’s power conversion business and Apex Power in the U.S. for about $80.5 million in cash, with earnouts, if it gets Spanish foreign investment approval and other consents.
Wall Street is split. Citi analyst Vikram Bagri upped his price target to $145 from $114, sticking with a Buy after the latest numbers. Roth Capital analysts warned the stock could slip if investors expected a stronger beat, Barron’s said.
Competitors are drawing new lines. Array Technologies is a tracker peer, and Shoals Technologies is nearer to electrical balance-of-system gear—wiring and equipment that routes power from panels to inverters and the grid. Nextpower is pushing into eBOS and power electronics too, making these comparisons tougher to brush off.
The trade carries baggage. Nextpower’s annual filing laid out risks including tariff exposure, shifting solar incentives, supply-chain issues, customer and weather delays on projects, and more expensive financing—all flagged as potential hits to demand, margins or timing. The Zigor/Apex deal also still needs approval and smooth integration, so execution risk is in play along with growth.
Next week, focus turns to whether buyers keep Nextpower above $130 after Friday’s rebound. If shares hold there, backlog and fiscal 2027 guidance will stay in focus. Another drop would bring valuation, policy risk and platform monetization back into the picture.
