- Reports Q4 adjusted EPS of $1.05, beating the 92-cent consensus estimate.
- Raises fiscal 2027 revenue guidance to between $3.8 billion and $4.1 billion.
- Stock surges over 13% to a new record high of $141.53 on the news.
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Nextpower stock soars 13% after raising 2027 revenue outlook
Shares of Nextpower Inc. (NXT) surged 13% to a record $141.53 after the solar technology company reported fourth-quarter earnings that topped analyst estimates and raised its forward-looking guidance for fiscal 2027.
“Demand remains healthy and we continue to see strong bookings momentum supported by a flight to quality across our customer base,” CEO Dan Shugar said on the company’s earnings call.
The company announced adjusted earnings per share of $1.05 on revenue of $880.5 million, beating consensus estimates of 92 cents and $826.3 million, respectively. Nextpower also raised its fiscal 2027 revenue forecast to a range of $3.8 billion to $4.1 billion, up from a previous forecast of $3.6 billion to $3.8 billion.
The stock jumped to a record closing high, surpassing the previous high of $130.42 set on March 25. The strong performance was driven by a record backlog of over $5.25 billion and robust demand in the U.S. solar market, where Nextpower holds a leadership position in solar tracker technology. Along with the earnings, the company announced an agreement to acquire assets from Zigor Corporation to expand its power conversion capabilities.
Analyst sentiment was broadly positive following the report. Citi analyst Vikram Bagri raised the firm’s price target on Nextpower to $145 from $114, maintaining a Buy rating and noting the company's investment to capitalize on solar and data center projects. Roth Capital also increased its target to $155 from $130. The broader solar sector showed mixed results, with Enphase Energy (ENPH) rising 1.3%, while Sunrun (RUN) and SolarEdge Technologies (SEDG) fell 2% and 0.6%, respectively.
The guidance increase signals management's strong confidence in its growth trajectory, particularly in its non-solar tracker business, which is expected to grow more than 40 percent. Investors will look for continued execution on the company's expanding backlog and its ability to manage margin pressures from freight and logistics costs.
This article is for informational purposes only and does not constitute investment advice.
