Nextracker Issues Long-Term Revenue Target, Rebrands as Nextpower

MT Newswires Live

Nov 12

Nextracker (NXT) said Wednesday it targets to generate revenue of $4.8 billion to $5.6 billion by fiscal year 2030.

Analysts surveyed by FactSet expect $5.18 billion.

The company said it continues to expect fiscal 2026 adjusted earnings of $4.04 to $4.25 per diluted share and revenue of $3.28 billion to $3.48 billion. Analysts polled by FactSet expect EPS of $4.27 and revenue of $3.44 billion.

The company also said it changed its corporate name to Nextpower to mark its shift into a full-platform company with an integrated portfolio of technologies and services for utility-scale solar power plants.

Nextpower will retain its Nasdaq ticker symbol NXT and continue operating under the same executive leadership team, the company said.

Shares of the company were down more than 6% in recent trading Wednesday.

Price: 99.02, Change: -6.81, Percent Change: -6.43

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