Nextpower beats Q3 revenue estimates, raises FY26 revenue outlook

Overview

• Solar power systems provider's Q3 FY26 revenue rose 34% yr/yr, beating analyst expectations

• Adjusted EPS for Q3 FY26 beat analyst expectations

• Company announced $500 mln share buyback program over 3 year period

Outlook

• Nextpower raises FY26 revenue outlook to $3.425-$3.500 bln from $3.275-$3.475 bln

• Company raises FY26 GAAP net income forecast to $525-$540 mln from $499-$529 mln

• Nextpower expects FY26 adjusted EBITDA of $810-$830 mln, up from $775-$815 mln

Result Drivers

• STRONG DEMAND - Record backlog and bookings driven by robust demand in U.S. and Europe

• GLOBAL EXPANSION - Expanded operations with a joint venture in MENA and product launch in Australia

• REBRANDING - Transition to Nextpower marks shift to comprehensive solar technology platform

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the renewable energy equipment & services peer group is "buy"

• Wall Street's median 12-month price target for Nextpower Inc is $108.00, about 0.7% above its January 26 closing price of $107.28

• The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nBw9BP9pNa

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