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Companies / Industrials / Nextpower Inc.
NXT

Nextpower Inc.

IndustrialsSemiconductors
Ticker NXTFREMONT, CAFiscal year ends MarchBook value per share $16.48Diluted shares 155.1M

Nextpower Inc. (Nasdaq: NXT) provides solar and energy technology solutions for utility-scale power plants, serving engineering, procurement and construction firms, project developers, owners and operators. Its products span solar trackers, yield-management software, foundations, steel frames, electrical… From the company’s description.

In fiscal 2026, Nextpower Inc. reported revenue of $3.56B, up 20.3% from fiscal 2025, and net income of $585.88M. Its operating margin was 19.6%, and operations generated $562.91M in cash. Over the twelve months to Jul 3, 2026, revenue was $3.63B.

Fiscal year 2026 · ends 03-31Changes are against fiscal 2025The amber dot is the latest twelve months, to 2026-07-03
Sales & profitability
$3.56BFY2026
+20.3% year over year
Last 12 mo $3.63B
19.59%FY2026
−2 percentage points
Last 12 mo 19.34%
$585.88MFY2026
+13.3% year over year
Last 12 mo $594.06M
25.10%FY2026
−6.2 percentage points
Last 12 mo 23.23%
Cash & financing
$562.91MFY2026
−14.2% year over year
Last 12 mo $602.65M
$513.63MFY2026
−17.4% year over year
Last 12 mo $548.73M
—
Was 0.00× a year earlier
152.7MFY2026
+2.3% year over year
Last 12 mo 155.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Nextpower Inc. does

In the company’s own words

Nextpower Inc. (Nasdaq: NXT) provides solar and energy technology solutions for utility-scale power plants, serving engineering, procurement and construction firms, project developers, owners and operators. Its products span solar trackers, yield-management software, foundations, steel frames, electrical balance-of-systems components, monitoring and control systems, and AI-enabled inspection and robotics services. The NX Horizon tracker is its flagship product, alongside offerings such as TrueCapture, NX Navigator and NX Foundation Solutions. Nextpower reports one business segment and ships integrated hardware, software and services across the project lifecycle. The company was founded in 2013 as Nextracker and has expanded beyond trackers through acquisitions of Bentek, Origami Solar and OnSight Technology. As of March 31, 2026, it had shipped more than 160 gigawatts of tracker systems and served over 275 active customers in more than 40 countries. Revenue for fiscal 2026 came 77% from U.S. projects and 23% from international projects. Its website is https://www.nextpower.com.

Company details
Sector
Industrials
Industry (SIC)
Semiconductors
Headquarters
FREMONT, CA
Fiscal year end
March
CIK
1852131
SIC
3674

Financial performance, year by year

Fiscal 2023–2026 · USD
$-363.03M$726.06M$1.82B$2.90B$3.99B2023202420252026Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Nextpower Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

652
funds hold it
1 of 35
superinvestors hold it
$9.91B
held by funds, at market
52.1%
of shares held by funds

Superinvestors in Nextpower Inc. · what they did last quarter

Terry SmithNEW
Fundsmith
2.5%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Nextpower Inc.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.49%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.21%of fund net assets
Fidelity OTC Portfolio
FOCPX · Fidelity Securities Fund
—of fund net assets
VANGUARD CAPITAL OPPORTUNITY FUND
VHCOX · VANGUARD HORIZON FUNDS
0.97%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Nextpower Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Nextpower Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Nextpower Inc.'s last four quarterly filings that the numbers alone won't show?”
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