Analyst Consensus ?
ConsensusBuy29 ratings
Bullish2689.7%
Neutral310.3%
Bearish00.0%
Nextpower Inc. · NXT · FY2026 Q3 · Calendar Q1 2026
Nextpower raises FY2026 outlook as backlog tops $5 billion
The supplied call analysis supports a constructive operating picture: revenue growth, a backlog above $5 billion and a raised FY2026 outlook point to demand and execution momentum. Durability depends on margin resilience amid tariffs and policy exposure, and on converting backlog while scaling the Saudi JV and new products.
Reported After market closeNASDAQEnergy
$12.04B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.10
Consensus $0.93
EPS surprise
+18.3%
Reported versus consensus
Reported revenue
$909.4M
Consensus $815.3M
Revenue surprise
+11.5%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+13.3%
Event window
SPY move
-0.0%
Same window
Abnormal move
+13.3%
Stock minus SPY
Volume
3.5×
Versus trailing sessions
Subsequent drift
-10.9%
Up to 20 sessions
NXTSPY benchmark
Ask FN2 about NXT FY2026 Q3
Transcript, numbers and history already loaded
Why did NXT rise 13.3% after beating EPS estimates in FY2026 Q3?What changed in NXT's guidance and outlook in FY2026 Q3?Give me the bull and bear case for NXT after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the FY2026 Q2 analysis, current-quarter analysis reports revenue growth of 34% year over year and higher FY2026 revenue guidance of $3.425–$3.5 billion; adjusted EBITDA outlook is $810–$830 million. It also highlights an investment-grade credit rating and a 2.25 GW Nextpower Arabia supply plan.
Guidance delta
Management raised FY2026 revenue guidance to $3.425–$3.5 billion and adjusted EBITDA guidance to $810–$830 million, from prior-quarter ranges of $3.275–$3.475 billion and $775–$815 million, respectively.
Key takeaways
- Q3 revenue increased 34% year over year to $909 million, according to the supplied analysis.
- Backlog exceeded $5 billion, providing a significant base of planned work.
- FY2026 revenue and adjusted EBITDA guidance were raised.
- Management cited an investment-grade credit rating and plans for Nextpower Arabia to supply 2.25 GW of trackers.
Management priorities
- Ramp production at the Jeddah factory and expand Saudi joint-venture capacity.
- Broaden the non-tracker product suite, including eBOS, TrueCapture and Earth Truss.
- Run power-conversion pilot projects during calendar 2026.
- Pursue selective acquisitions and execute the stated share-repurchase program.
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Beat
Miss
Match
Analyst 52W Price Targets
$79.33Current
$40Low
$119.42Average
$179High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 2, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Overweight | Overweight | Maintain | Oct 30, 2026 |
| UBS | Buy | Buy | Maintain | Oct 30, 2026 |
| Susquehanna | Positive | Positive | Maintain | Oct 29, 2026 |
| Needham | Buy | Buy | Maintain | Oct 29, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Oct 29, 2026 |
| Citigroup | Buy | Buy | Maintain | Oct 21, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Oct 21, 2026 |
| Mizuho | Neutral | Neutral | Maintain | Oct 15, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 13, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Sep 30, 2026 |
| Baird | Outperform | Outperform | Maintain | Sep 22, 2026 |
| GLJ Research | Buy | Buy | Maintain | Aug 5, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jul 31, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Jul 31, 2026 |
| Roth Capital | Buy | Buy | Maintain | Jul 28, 2026 |
| TD Cowen | Hold | Hold | Maintain | Jul 20, 2026 |
| Guggenheim | Buy | Neutral | Upgrade | Jul 15, 2026 |
| Northland Capital Markets | Outperform | Outperform | Maintain | May 29, 2026 |
| Keybanc | Overweight | Overweight | Maintain | May 29, 2026 |
| Jefferies | Buy | Buy | Maintain | May 29, 2026 |
| BNP Paribas | Outperform | Outperform | Maintain | May 29, 2026 |
| Freedom Broker | Hold | Buy | Downgrade | Jan 29, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jan 22, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Oct 27, 2025 |
| Roth MKM | Buy | Buy | Maintain | Aug 2, 2024 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Aug 2, 2024 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Apr 29, 2024 |
| Craig-Hallum | Buy | Buy | Maintain | Jul 27, 2023 |
| Exane BNP Paribas | Outperform | Neutral | Upgrade | May 16, 2023 |
Named analyst price targets
Upside is calculated against the persisted current price $79.33. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Susquehanna | Analyst unavailable | $145 | $83.4 | +82.8% | Oct 29, 2026 |
| Roth Capital | Analyst unavailable | $140 | $82.08 | +76.5% | Oct 29, 2026 |
| Northland Securities | Gus Richard | $138 | $82.08 | +74.0% | Oct 29, 2026 |
| Needham | Sean Milligan | $143 | $82.08 | +80.3% | Oct 29, 2026 |
| BMO Capital | Analyst unavailable | $114 | $81.48 | +43.7% | Oct 21, 2026 |
| Jefferies | Analyst unavailable | $115 | $84.26 | +45.0% | Oct 16, 2026 |
| Mizuho Securities | Maheep Mandloi | $101 | $82.56 | +27.3% | Oct 15, 2026 |
| Susquehanna | Charles Minervino | $150 | $88.77 | +89.1% | Oct 14, 2026 |
| Barclays | Analyst unavailable | $146 | $84.86 | +84.0% | Oct 13, 2026 |
| Piper Sandler | Analyst unavailable | $110 | $79.31 | +38.7% | Sep 30, 2026 |
| Robert W. Baird | Analyst unavailable | $116 | $83.15 | +46.2% | Sep 22, 2026 |
| Piper Sandler | Dimple Gosai | $116 | $85.45 | +46.2% | Sep 8, 2026 |
| Mizuho Securities | Analyst unavailable | $111 | $95.36 | +39.9% | Aug 4, 2026 |
| UBS | Jon Windham | $160 | $91.82 | +101.7% | Aug 3, 2026 |
| Deutsche Bank | Analyst unavailable | $137 | $90.01 | +72.7% | Aug 3, 2026 |
| Jefferies | Julian Dumoulin-Smith | $131 | $91.66 | +65.1% | Jul 31, 2026 |
| Susquehanna | Charles Minervino | $157 | $93.76 | +97.9% | Jul 31, 2026 |
| BMO Capital | Ameet Thakkar | $132 | $96.9 | +66.4% | Jul 31, 2026 |
| RBC Capital | Analyst unavailable | $179 | $107.12 | +125.6% | Jul 21, 2026 |
| Guggenheim | Analyst unavailable | $125 | $104.66 | +57.6% | Jul 15, 2026 |
| Truist Financial | Chrirstopher Souther | $140 | $99.67 | +76.5% | Jul 13, 2026 |
| Susquehanna | Analyst unavailable | $168 | $112.71 | +111.8% | Jul 10, 2026 |
| Barclays | Analyst unavailable | $147 | $115.03 | +85.3% | Jul 7, 2026 |
| Goldman Sachs | Analyst unavailable | $168 | $119.14 | +111.8% | Jul 1, 2026 |
| Jefferies | Analyst unavailable | $153 | $108.78 | +92.9% | Jun 26, 2026 |
| Mizuho Securities | Analyst unavailable | $142 | $131.57 | +79.0% | Jun 8, 2026 |
| GLJ Research | Gordon Johnson | $149.44 | $152.22 | +88.4% | Jun 3, 2026 |
| Susquehanna | Charles Minervino | $180 | $156.4 | +126.9% | Jun 1, 2026 |
| UBS | Jon Windham | $170 | $155.19 | +114.3% | May 29, 2026 |
| Northland Securities | Gus Richard | $162 | $137.17 | +104.2% | May 29, 2026 |
| Wolfe Research | Steve Fleishman | $160 | $137.17 | +101.7% | May 29, 2026 |
| Jefferies | Julian Dumoulin-Smith | $159 | $137.17 | +100.4% | May 29, 2026 |
| Barclays | Analyst unavailable | $142 | $144.29 | +79.0% | May 18, 2026 |
| Deutsche Bank | Corinne Blanchard | $140 | $131.08 | +76.5% | May 14, 2026 |
| Mizuho Securities | Analyst unavailable | $130 | $136.37 | +63.9% | May 14, 2026 |
| Wells Fargo | Analyst unavailable | $143 | $136.37 | +80.3% | May 14, 2026 |
| BNP Paribas | Analyst unavailable | $177 | $135.34 | +123.1% | May 13, 2026 |
| Jefferies | Analyst unavailable | $145 | $135.97 | +82.8% | May 13, 2026 |
| Roth Capital | Analyst unavailable | $155 | $145 | +95.4% | May 13, 2026 |
| Loop Capital Markets | Analyst unavailable | $135 | $145.2 | +70.2% | May 13, 2026 |
| BMO Capital | Ameet Thakkar | $125 | $125.37 | +57.6% | May 13, 2026 |
| Susquehanna | Analyst unavailable | $161 | $125.37 | +102.9% | May 13, 2026 |
| Robert W. Baird | Ben Kallo | $156 | $125.37 | +96.6% | May 13, 2026 |
| Robert W. Baird | Analyst unavailable | $133 | $122.58 | +67.7% | Apr 28, 2026 |
| Goldman Sachs | Analyst unavailable | $140 | $114.92 | +76.5% | Apr 14, 2026 |
| Deutsche Bank | Analyst unavailable | $129 | $113.59 | +62.6% | Apr 9, 2026 |
| Susquehanna | Analyst unavailable | $136 | $113.59 | +71.4% | Apr 9, 2026 |
| Deutsche Bank | Analyst unavailable | $119 | $115.16 | +50.0% | Jan 29, 2026 |
| Barclays | Christine Cho | $115 | $119.97 | +45.0% | Jan 29, 2026 |
| BMO Capital | Analyst unavailable | $104 | $105.91 | +31.1% | Jan 28, 2026 |
| Robert W. Baird | Ben Kallo | $126 | $105.91 | +58.8% | Jan 28, 2026 |
| UBS | Jon Windham | $140 | $105.91 | +76.5% | Jan 28, 2026 |
| Roth Capital | Analyst unavailable | $130 | $105.91 | +63.9% | Jan 28, 2026 |
| Wells Fargo | Analyst unavailable | $127 | $105.91 | +60.1% | Jan 28, 2026 |
| KeyBanc | Sophie Karp | $142 | $105.91 | +79.0% | Jan 28, 2026 |
| Mizuho Securities | Analyst unavailable | $81 | $105.18 | +2.1% | Jan 23, 2026 |
| Barclays | Analyst unavailable | $108 | $100.24 | +36.1% | Jan 14, 2026 |
| Northland Securities | Analyst unavailable | $111 | $89.6 | +39.9% | Jan 6, 2026 |
| Robert W. Baird | Analyst unavailable | $100 | $99.5 | +26.1% | Oct 31, 2025 |
| UBS | Jon Windham | $125 | $100.54 | +57.6% | Oct 29, 2025 |
| Wells Fargo | Analyst unavailable | $109 | $99.13 | +37.4% | Oct 28, 2025 |
| Barclays | Christine Cho | $105 | $98.51 | +32.4% | Oct 27, 2025 |
| Goldman Sachs | Analyst unavailable | $125 | $98.98 | +57.6% | Oct 27, 2025 |
| RBC Capital | Christopher Dendrinos | $93 | $90.38 | +17.2% | Oct 24, 2025 |
| Robert W. Baird | Analyst unavailable | $110 | $90.38 | +38.7% | Oct 24, 2025 |
| Roth Capital | Analyst unavailable | $120 | $99.19 | +51.3% | Oct 24, 2025 |
| BMO Capital | Analyst unavailable | $93 | $90.38 | +17.2% | Oct 24, 2025 |
| Deutsche Bank | Analyst unavailable | $99 | $90.38 | +24.8% | Oct 24, 2025 |
| Needham | Sean Milligan | $102 | $87.89 | +28.6% | Oct 22, 2025 |
| Guggenheim | Joseph Osha | $74 | $87.89 | -6.7% | Oct 22, 2025 |
| Roth Capital | Analyst unavailable | $100 | $88.82 | +26.1% | Oct 21, 2025 |
| Mizuho Securities | Maheep Mandloi | $76 | $88.99 | -4.2% | Oct 20, 2025 |
| Susquehanna | Analyst unavailable | $100 | $82.8 | +26.1% | Oct 13, 2025 |
| UBS | Jon Windham | $110 | $83.85 | +38.7% | Oct 10, 2025 |
| Barclays | Analyst unavailable | $92 | $75.62 | +16.0% | Oct 2, 2025 |
| Deutsche Bank | Corinne Blanchard | $88 | $76.13 | +10.9% | Sep 30, 2025 |
| UBS | Jon Windham | $75 | $58.88 | -5.5% | Jul 31, 2025 |
| Barclays | Christine Cho | $69 | $58.88 | -13.0% | Jul 31, 2025 |
| Mizuho Securities | Maheep Mandloi | $66 | $64.9 | -16.8% | Jul 30, 2025 |
| BMO Capital | Ameet Thakkar | $59 | $61.59 | -25.6% | May 15, 2025 |
| Mizuho Securities | Maheep Mandloi | $60 | $61.59 | -24.4% | May 15, 2025 |
| Piper Sandler | Analyst unavailable | $49 | $39.28 | -38.2% | Apr 21, 2025 |
| Roth Capital | Philip Shen | $55 | $32.56 | -30.7% | Oct 29, 2024 |
| Jefferies | Julian Dumoulin-Smith | $46 | $37.23 | -42.0% | Sep 3, 2024 |
| Guggenheim | Joseph Osha | $55 | $38.9 | -30.7% | Aug 16, 2024 |
| Truist Financial | Jordan Levy | $65 | $47.28 | -18.1% | Jul 29, 2024 |
| US Capital Advisors | Steven Fox | $60 | $47.77 | -24.4% | May 15, 2024 |
| Piper Sandler | Kashy Harrison | $60 | $47.79 | -24.4% | May 15, 2024 |
| BMO Capital | Ameet Thakkar | $56 | $43.01 | -29.4% | May 15, 2024 |
| Wells Fargo | Praneeth Satish | $64 | $43.01 | -19.3% | May 15, 2024 |
| Guggenheim | Joseph Osha | $60 | $44 | -24.4% | Apr 23, 2024 |
| Piper Sandler | Kashy Harrison | $64 | $49.62 | -19.3% | Apr 11, 2024 |
| Cantor Fitzgerald | Derek Soderberg | $55 | $48.62 | -30.7% | Apr 10, 2024 |
| Barclays | Christine Cho | $63 | $56.2 | -20.6% | Apr 2, 2024 |
| Daiwa | Jonathan Kees | $63 | $56.27 | -20.6% | Mar 29, 2024 |
| BMO Capital | Ameet Thakkar | $69 | $58.47 | -13.0% | Mar 22, 2024 |
| Robert W. Baird | Ben Kallo | $71 | $57.58 | -10.5% | Mar 20, 2024 |
| Wells Fargo | Michael Blum | $141 | $41.38 | +77.7% | Jan 8, 2024 |
| Wells Fargo | Praneeth Satish | $57 | $41.38 | -28.1% | Jan 8, 2024 |
| Mizuho Securities | Anthony Crowdell | $40 | $33.95 | -49.6% | Mar 6, 2023 |
Track every rating change on NXT the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationNextpower, Inc. engages in the provision of integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects. Its products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. The company was founded by Daniel S. Shugar, Alexander Au, Nicholas Miller, Michael Mehavich, Marco Garcia, and Tyroan Hardy in 2013 and is headquartered in Fremont, CA.
Historical context
All NXT earningsEnergy peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| CVX Chevron Corporation | FY2026 Q3 · Calendar Q4 2026 | +8.4% | +1.8% | Chevron posts strong Q3 as production, cash flow and AI value rise |
| XOM Exxonmobil Holdings Corporation | FY2026 Q3 · Calendar Q4 2026 | +2.7% | +2.2% | ExxonMobil Highlights Refining, LNG and Cash Returns in Q3 |
| IMO Imperial Oil Limited | FY2026 Q3 · Calendar Q4 2026 | +6.4% | +5.5% | Imperial Oil: downstream strength and low-carbon growth lead Q3 |
| CCJ Cameco Corporation | FY2026 Q3 · Calendar Q4 2026 | -101.4% | -7.9% | Cameco keeps nuclear-growth thesis intact as Key Lake outage weighs |
| BP BP p.l.c. | FY2026 Q3 · Calendar Q4 2026 | +22.6% | +0.1% | BP Q3: Strong profit, lower debt, safety risks persist |
| FSLR First Solar, Inc. | FY2026 Q3 · Calendar Q4 2026 | +13.5% | -1.4% | First Solar: Margin gains offset lower volume outlook |
Latest beats and misses
Who reports nextBeat on EPS
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
- EXCFY2026 Q3 · October 30, 2026+10.4% EPS+0.5% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
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One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-02T05:50:49.906020+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-02T05:50:49.903324+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-02. For educational purposes only; not investment advice.