Nextpower Inc.

Nextpower Inc. (NASDAQ: NXT) is a leading global provider of solar and energy technology solutions for utility-scale power plants. Founded in 2013, the company pioneered and maintains market leadership in solar tracking systems, having shipped more than 160 gigawatts of tracker systems across six continents as of March 31, 2026. The company serves over 275 active customers across more than forty countries, including major engineering, procurement and construction firms, solar project developers, and plant owners.

The company's core business centers on its NX Horizon flagship solar tracking solution, which features independent-row architecture, mechanical balancing, self-powered design, and terrain-following capabilities. Beyond trackers, Nextpower delivers an integrated suite of structural, electrical, and digital solutions spanning the full lifecycle of solar power plants from design through operations and maintenance. The company's platform encompasses yield management systems through its TrueCapture technology, foundation solutions acquired through its NX Foundation Solutions offering, electrical balance of systems through the 2025 acquisition of Bentek Corporation, and steel frame technology via the acquisition of Origami Solar. The company also launched an artificial intelligence and robotics initiative following its 2025 acquisition of OnSight Technology Inc.

In fiscal year 2026, the company derived 77 percent of revenue from United States projects and 23 percent from international markets. The company maintains a globally diversified operational footprint with sales, engineering, and support functions positioned across major markets including the United States, Spain, Australia, Mexico, India, the United Arab Emirates, Saudi Arabia, and Brazil. The company's Hyderabad, India office employs over 542 people across sales, engineering, project management, and corporate support functions and serves as an independent research and development center.

The company's backlog exceeded five billion dollars at the end of fiscal year 2026, comprising executed contracts and volume commitment agreements with identified project sites and specified ship dates. The company maintains significant intellectual property protection through 329 issued United States patents, 498 granted non-United States patents, and 745 pending patent applications across its product portfolio. Additional information is available at www.nextpower.com.