Record Revenue with Upgraded 2027 Guidance: The Surge of Solar Infrastructure Leaders

Nextpower Inc. (NASDAQ: NXT) reported fiscal 2026 fourth-quarter and full-year results, recording annual revenue of $3.56 billion—up 20 percent year-over-year. The company also announced a backlog exceeding $5.25 billion and cumulative tracker shipments of more than 160 GW, and raised its fiscal 2027 revenue guidance to $3.8–4.1 billion. To accelerate its entry into the power-conversion market, Nextpower has included approximately $50 million of additional operating expense in its guidance. These investments will support the acquisition of core power-conversion product lines and related intellectual property, the launch of new offerings such as eBOS, foundations, robotics solutions, NX PowerMerge and NX Anchor, and the expansion of software and controller features across its Gen 3 SPC, NCU and NX One platforms.

On May 19–20, Bruce Ledesma, Executive Vice President and Chief Legal & Compliance Officer, exercised performance-based stock options with $0 exercise price and, under a pre-established Rule 10b5-1 plan, sold approximately 120,000 shares in the open market, generating roughly $15.1 million in proceeds. Certain unvested options lapsed under the plan’s limits, leaving him with about 256,000 shares outstanding.

In the same period, Nextpower signed a definitive agreement to acquire the power-conversion business of Spain’s Zigor and the assets of its U.S. subsidiary, Apex Power, for up to $80.5 million. The company also plans an additional $50 million investment to accelerate growth in its power-conversion division. Earlier, in February, Nextpower entered into a multi-gigawatt, long-term supply agreement with Jinko Solar U.S. for domestically produced steel module frames. Under that deal, it will supply up to 3 GW of frames over three years to its Florida facility and others, strengthening the U.S. solar-manufacturing supply chain.

Formerly known as Nextracker, Nextpower has repositioned itself as a global leader in integrated solar-power plant infrastructure, combining trackers, foundations, power conversion, eBOS and software into a unified platform. The company is targeting the rapidly expanding large-scale solar and energy-storage markets catalyzed by the U.S. Inflation Reduction Act. As utility-scale projects grow and power-quality requirements increase for data centers and battery storage, the demand for integrated solutions that bundle tracker hardware with power-conversion and control software continues to rise.