News & Events zu Nextpower Inc (NXT)NXTNextpower Inc

Nextpower Reports Q2 Revenue of $1.11B, Beating Expectations

Reports Q2 revenue $1.11B, consensus $1.06B. "Nextpower delivered record quarterly revenue and bookings and grew backlog to more than $6 billion, reflecting continued demand strength for our tracker products, alongside rapidly accelerating demand and orders for our additional products and services," said Dan Shugar, CEO and founder of Nextpower. "Customer adoption of our integrated platform is growing. Recent examples include energy storage and other complementary offerings accounting for approximately 22% of our Q2 revenue, record quarterly eBOS bookings of more than $100 million, and a 1.1-gigawatt inverter supply agreement signed with a leading Tier 1 IPP. These achievements reflect the strength of our customer relationships and differentiated technology. We remain focused on expanding our participation across the project lifecycle, helping customers build faster, enhance yield, and optimize long-term operation."

Raises FY27 Revenue Outlook to $4.20B-$4.45B

Raises FY27 revenue view to $4.20B-$4.45B from $4.1B-$4.4B, consensus $4.33B.

Nextpower Secures U.S. Patent and Major Project Award

Nextpower announced that the U.S. Patent and Trademark Office has issued U.S. patent number 12,712,292, which covers its NX PowerMerge electrical balance of systems, eBOS, solution. This patent expands Nextpower's intellectual property in a critical layer of utility-scale solar power plants. The company also announced a significant project award from BUILD Renewables increasing Nextpower's NX PowerMerge backlog to over 2 GW. "BUILD Renewables is excited to be partnering with Nextpower on their NX PowerMerge eBOS product, which provides exemplary safety, installation velocity, and performance features. We also appreciate the integrated design with the tracker and other solar power plant components," said Craig Sandeen, president and CEO of BUILD Renewables.