Nextpower (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world.
It is a $13.1B technology company. Revenue grew 17.0% over the last year, it keeps 16¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 22.0× earnings — around the middle of its own history.
- Website
- nextpower.com
- Location
- Fremont, CA
- Employees
- 1 993
- Sector
- Technology
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong growth, profitability and health.
Valuation64
- P/E vs own history40th pct · 20/25
- FCF yield4.2% · 12/25
- P/S3.6x · 20/25
- EV/EBITDA16.7x · 12/25
Growth100
- Revenue CAGR25.0% · 25/25
- Net income CAGR84.2% · 25/25
- EPS CAGR ~5Y688.1% · 25/25
- Fwd implied growth35.9% · 25/25
Profitability90
- ROIC45.3% · 25/25
- ROE26.3% · 25/25
- Net margin16.4% · 20/25
- Operating margin19.3% · 20/25
Health75
- Altman Zn/a · 0/25
- Current ratio2.69 · 25/25
- Interest coverage45.0x · 25/25
- Net cash / debtNet cash · 25/25
Quality52
- Piotroski F4/9 · 10/25
- Beneish M2.40 · 0/25
- FCF conversion92% · 22/25
- Margin stabilityσ 6.3% · 20/25
Moat68
- ROIC >12% years4/4 yrs · 25/25
- Median gross margin32.5% · 13/25
- FCF-positive years4/5 yrs · 18/25
- Worst-year net marginworst 0.1% · 12/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2026FinancialBest year on record$586M net income
- FY2024FinancialBecame debt-freecash now exceeds total debt
- FY2022FinancialProfitable every year on record5 consecutive profitable years in our data
- FY2022FinancialRevenue already above $1B$1.46B in first reported year
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Revenue growing 17.0% year over year
- Strong cash conversion — FCF is 15.1% of revenue
- Net cash position after subtracting debt from cash
- Interest covered 45.0× by operating earnings
- High returns on invested capital (ROIC 45.3%)
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+17.0% YoY
- Profitable — makes more than it spends$594M TTM
- Profit growing — earnings are higher than last year+689.4% YoY
- Generates cash — cash left after running and investing$549M TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$13.1B market cap
- Not printing shares — share count not ballooning — you keep your slice+4.7% shares over ~5y
- Proven track record — years of profitability behind it5/5 profitable years
- Financially stable — balance sheet not near distresshealth score 50/100
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 22.0
Peer comparisonNextpower Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| NXT this company | $13.1B | 22.0 | +17.0% | 16.4% | Mixed |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: NXT vs NVDA · NXT vs AAPL · NXT vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2022–FY2026. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/NXT
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of NXT on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $86.00 · market cap $13.1B.