Nextpower Reports Q2 Fiscal Year 2027 Financial Results

Nextracker reported Q2 Non-GAAP EPS of $1.31, exceeding estimates by $0.21. Revenue was $1.10B, up 21.5% year-over-year, and beat expectations by $40M. The company also provided its FY2027 annual outlook.

Nextpower reported record Q2 FY27 revenue of $250 million, net income of $1.1 billion, and adjusted EBITDA of $165 million. Bookings hit a quarterly high, and backlog exceeded $6 billion. The company completed the €230 million acquisition of Zimmermann PV-Steel Group and announced new board members. Nextpower also secured a 1.1 GW inverter framework agreement and expanded its product portfolio.

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%.