Nextpower rises after raising annual revenue forecast, Q4 beat

ReutersMay 12, 2026 8:31 PM

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Shares of solar tracking equipment maker Nextpower NXT.O climb 9.9% to $137.78 in extended trading

NXT raises 2027 revenue forecast to $3.8 billion to $4.1 billion, from its earlier projection of $3.6 billion to $3.8 billion

Raised outlook is supported by NXT's growing backlog and strong bookings momentum, CFO Chuck Boynton says

NXT posts Q4 revenue of $881 million, beating estimate of $827 million; reports adj. EPS of $1.05, also above estimate of 92 cents

NXT has risen ~50% so far this year

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