Reading the tape
NASDAQ: NXT
Nextpower Inc.
Technology · Consumer Electronics
Market Cap
$18.75B
52w High
$134.32
52w Low
$51.69
P/E
31.65
Volume
3.15M
Outstanding Shares
148.48M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 149.38%Revenue (TTM): 30.02%FCF (TTM): 17.08%P/FCF: 92nd pct
What changed
The stock rose 149.38% over the last year. Revenue grew 30.02% over the trailing twelve months. Operating margin moved from 25.78% to 20.51%. Free cash flow grew 17.08% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (92nd percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 20.51% — continued expansion would be needed to justify the premium. Revenue growth of 30.02% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Nextracker Inc., an energy solutions company, provides solar tracker solutions for PV projects.
CEODaniel S. Shugar
SectorTechnology
IndustryConsumer Electronics
Employees1,300
IPO dateFeb 9, 2023
Valuation
Forward P/E—
EV/EBITDA8.15
Enterprise value$5.32B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth33.85%
Gross margin32.43%▲23.22%vs FY2024
Operating margin20.51%▼8.04%vs FY2024
ROE31.27%▼1.86%vs FY2024
Analyst consensus
RatingBuy
Target price$124.00▼1.79%
23
Buy
5
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 12, 2026
Q2 FY26 · EPS est $0.89 · Revenue est $826.26M
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