Bookings hit a quarterly record as Nextpower's backlog topped $6 billion.

Nextpower Inc. (NXT) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Nextpower Reports Q2 Fiscal Year 2027 Financial Results Record Revenue of $1.1 Billion Record Bookings Increase Backlog to over $6 Billion FREMONT, Calif., October 28, 2026 – Nextpower ™ (Nasdaq: NXT), a leading provider of clean power technology solutions, today ann

Nextpower (NXT) received a patent for its NX PowerMerge electrical balance of systems technology. The company's backlog surpassed 2 gigawatts after a new order from BUILD Renewables. Revenue grew to $935 million in Q1, with a gross margin of 35.9%. The company has also made acquisitions to expand into adjacent markets. About $99 million of Q1 earnings came from tax credits and rebates. Hedge fund ownership increased, and the stock trades at a forward P/E of 17.92.

Flex agreed to acquire EPC Power for $4.4B, aiming to replicate its successful strategy of acquiring, scaling, and spinning out infrastructure tech companies. EPC Power designs power conversion systems. Flex plans to spin off its Cloud and Power Infrastructure segment, including EPC Power, in Q1 2027. The segment is expected to grow 65-80% annually. Flex's previous acquisition, Nextracker, grew to a $13-15B valuation after its spin-off.

Simply Wall St reports Nextpower (NXT) shares rose 13.9% after the company raised fiscal 2027 guidance. Nextpower increased 2027 revenue guidance to US$4.1–4.4 billion and GAAP net income to US$540–573 million, reiterated a US$500 million share repurchase authorization, and said it will continue focusing on acquisitions and organic investment.

The Trump administration announced a 15% tariff and minimum import prices for polysilicon derivatives, including silicon wafers, photovoltaic cells, and solar modules, to support the US solar supply chain. Analysts cited by BMO, Citi, Truist, BNP Paribas, and Barclays expect First Solar (FSLR) to benefit, with module prices potentially rising to the low to mid 40 cents per watt. Premarket: FSLR +4%, TAN +3%.

Next shares rose 6.1% to 15,710p after the company’s Q2 trading statement showed full-priced sales up 9.2% and led it to raise its full-year pretax profit outlook for a third time. Management targets pretax profit of £1.24 billion, up 7.3% and £25 million above prior guidance, citing UK summer weather and Middle East demand.