Nextpower

NXT · NASDAQ

$79.03−$0.67 (−0.84%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $79.70

NXT analyst rating

BuyConsensus of 25 analysts over the last 12 months. 80% rate it a buy.

Strong buy0
Buy20
Hold5
Underperform0
Sell0

12-month price target · 31 analysts

Average $141.79 (+79.4% upside)

Low: $73.11
Now: $79.03
High: $183.75

Upgrades and downgrades

The latest rating actions, newest first

NXT analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Oct 19, 2026	Maintains	Overweight	$152.00 → $136.00	48%
Mizuho	Oct 15, 2026	Maintains	Neutral	$111.00 → $101.00	44%
Susquehanna	Oct 14, 2026	Maintains	Positive	$157.00 → $150.00	49%
Barclays	Oct 13, 2026	Maintains	Overweight	$147.00 → $146.00	46%
Citigroup	Oct 7, 2026	Maintains	Buy	$132.00 → $121.00	35%
Piper Sandler	Sep 30, 2026	Maintains	Overweight	$116.00 → $110.00	38%
Baird	Sep 22, 2026	Maintains	Outperform	$156.00 → $116.00	53%
Piper Sandler	Sep 9, 2026	Initiates	Overweight	$116.00	38%
GLJ Research	Aug 5, 2026	Maintains	Buy	$149.00	64%
Mizuho	Aug 4, 2026	Maintains	Neutral	$142.00 → $111.00	44%

The case for and against

Updated Oct 14, 2026

Bull case

Nextpower is viewed favorably because it combines a leading global tracker franchise with a backlog above $5B, about $1B in net cash, and multi-year U.S. revenue visibility from safe harboring that reduces policy risk. Its outlook is further strengthened by international growth, where it holds roughly 35% share and is expanding into Europe, India, the Middle East, Africa, and Brazil, while acquisitions like Zimmermann and Prevalon broaden the addressable market into fixed-tilt, power conversion, and battery storage. The company’s shift toward bundled structural, electrical, software, and service offerings should lift revenue per GW from about $0.10/W to roughly $0.30/W, improve margins through higher-margin non-tracker revenue, and support estimates above consensus for FY27 and FY30.

Bear case

Nextpower is exposed to a fragile mix of policy and execution risk: 45X credits contributed $47–82M per quarter to EBITDA in FY2026, and any IRA/FEOC change could hit both direct credit economics and future solar demand. Its aggressive diversification into roughly 10 acquisitions in 18 months, plus entry into crowded power conversion and BESS markets, has lifted R&D expense 77% YoY and total opex 51% YoY in Q4 FY2026, raising integration and margin pressure. Although tracker leadership and a 1,400+ patent portfolio support scale, the business still faces steel, tariff, FX, and elevated rate exposure that can compress margins and blunt growth.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.