# Nextpower Inc. Common Stock (NXT) — Stock CV

Nextpower Inc. 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.

> 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.

## Identity

- **Ticker**: NXT
- **Sector**: Technology
- **Industry**: Semiconductors & Related Devices
- **Headquarters**: FREMONT, CA
- **Employees**: 1 993
- **Website**: https://www.nextpower.com
- **Market cap**: $13.1B
- **Last price**: $86.00
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $3.63B
- **Net income**: $594M
- **Free cash flow**: $549M
- **Net cash**: $1.04B
- **P/E**: 22.0
- **Revenue growth (YoY)**: 17.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 64 |
| Growth | 100 |
| Profitability | 90 |
| Health | 75 |
| Quality | 52 |
| Moat | 68 |

## Qualifications (beginner checklist) — 9 of 10 passed

- [x] Revenue growing — +17.0% YoY
- [x] Profitable — $594M TTM
- [x] Profit growing — +689.4% YoY
- [x] Generates cash — $549M TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $13.1B market cap
- [x] Not printing shares — +4.7% shares over ~5y
- [x] Proven track record — 5/5 profitable years
- [ ] Financially stable — health score 50/100
- [x] Valuation not extreme — P/E 22.0

## Experience (career milestones)

- **FY2026** — Best year on record: $586M net income
- **FY2024** — Became debt-free: cash now exceeds total debt
- **FY2022** — Profitable every year on record: 5 consecutive profitable years in our data
- **FY2022** — Revenue already above $1B: $1.46B in first reported year

## 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

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $1.46B | $50.9M | -$153M |
| FY2023 | $1.90B | $1.14M | $104M |
| FY2024 | $2.50B | $306M | $423M |
| FY2025 | $2.96B | $509M | $622M |
| FY2026 | $3.56B | $586M | $514M |

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Source: https://stockcv.com/NXT — derived from company filings; may be delayed or incomplete. Information, not investment advice.