Nextpower at Barclays energy conference: diversification gains speed
Nextpower (NXT) announced at the Barclays Energy-Power Conference that it is ahead of schedule on revenue, earnings, and diversification, targeting over 33% of revenue from non-tracker products by 2030. The company reported $3.5B in revenue for the prior fiscal year, with a path to $5.2B by 2030, and a $500M buyback plan. Management highlighted record revenue, backlog, and growth in power conversion, energy storage, and software, while acknowledging policy uncertainty and tariff pressures.

