NXT

Company expands independent third-party assurance, integrated technology systems, and use of lower-carbon steel FREMONT, Calif., September 01, 2026--(BUSINESS WIRE)--Nextpower™ (Nasdaq: NXT), a leading provider of clean power technology solutions, today published its fiscal year 2026 Sustainability Report, highlighting its environmental, social, and governance (ESG) progress across its operations, global supply chain, products, and expanding technology solutions platform. The company’s third annual report, and the first published under the Nextpower brand, highlights the validation of the company’s climate targets by the Science Based Targets initiative (SBTi), expanded independent third-party assurance across scope 1, 2, and 3 GHG emissions, and continued investment in lower-carbon materials, product innovation, and responsible supply chain operations. It also details a 12% reduction in Scope 3 emissions intensity compared with FY2025 levels due in part to the use of lower carbon electric arc furnace (EAF) steel in its products. The report also expands the depth and transparency of its ESG disclosures. "Sustainability is embedded in how we engineer products, operate our business, and create long-term value for our customers," said Lindsey Wiedmann, chief legal and compliance officer, Nextpower. "This year’s report demonstrates measurable progress stemming from our focus on product innovation, disciplined execution, and supply chain quality across a global network of over 100 partner manufacturing facilities. These efforts help reduce environmental impact while enabling our customers to build faster, operate more reliably, and improve the long-term economics of critical power infrastructure." Since the close of FY2026, Nextpower has also received higher ratings from two third-party ESG rating organizations. In July 2026, the company’s ISS STOXX ESG Corporate Rating improved from C+ to B-, maintained Prime status, and achieved a Decile Rank of 1 within its applicable industry classification. The company’s MSCI ESG Rating increased from A to AA, placing Nextpower in MSCI’s "Leader" category among 180 companies in the electrical equipment industry. Download the full FY2026 Sustainability Report. Key Highlights Responsible Products and Supply Chain Increased utilization of lower-carbon electric arc furnace (EAF) steel across Nextpower products Showed greater renewable energy adoption among suppliers, lower-carbon logistics solutions, and packaging optimization GHG Emissions and Accountability Nextpower strengthened the targets, transparency, and accountability supporting its climate program during FY2026, including: Received validation from the Science Based Targets initiative (SBTi) for targets to reduce absolute Scope 1 and 2 emissions by 58.8% and Scope 3 emissions by 63.8% per MW of solar tracker systems sold by FY2035 Reduced Scope 3 emissions intensity by 12% compared with FY2025 levels per MW of solar tracker systems sold Expanded independent third-party limited assurance over greenhouse gas emissions inventory to include Scope 3, which currently represents the majority of the company's reported GHG footprint Incorporated SBTi commitments into its corporate goals and performance-based executive compensation framework, strengthening management’s accountability for progress against the company’s climate targets People and Culture Volunteered and funded delivery of solar-powered lighting, battery storage, and refrigeration for 50 families in the Navajo Nation and the Hopi Tribe near Holbrook and Chinle, Arizona, with EPC customer SOLV Energy and the Skip the Grid initiative Partnered with SD Foundation to provide scholarships to 213 students across India pursuing graduate degrees in science, engineering, and computer applications Continued collaboration with the United Way of Hyderabad through the Rural Forestry Project and other projects, including planting nearly 4,500 native saplings and installing solar-powered LED streetlights in remote areas with limited grid access Download the FY26 Sustainability Report. For additional information about Nextpower's sustainability program, visit www.nextpower.com/sustainability or reach out to the ESG team at [email protected]. About Nextpower Nextpower™ (Nasdaq: NXT) innovates and delivers integrated technology solutions for modern energy infrastructure. Its solar and energy storage platforms help customers design, build, and operate utility-scale power plants and other critical power infrastructure with faster project delivery, improved system performance, greater reliability, and long-term operational value. Building on more than a decade of energy technology leadership, Nextpower partners with customers worldwide to accelerate the deployment of reliable firm power needed for a rapidly electrifying world. Learn more at www.nextpower.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, statements relating to: Nextpower’s sustainability strategy, climate targets, emission reductions, and expected progress toward its FY2035 targets; the validation of Nextpower’s climate targets by the Science Based Targets initiative and related third-party assurances; Nextpower’s past and future investment in lower-carbon materials and future reductions in emissions; and the potential benefits of Nextpower’s ESG strategies, including product innovations and customer benefits. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including but not limited to: our ability to execute our strategies, mission, plans, objectives and goals; our ability to integrate our recently completed acquisitions and to realize their anticipated benefits and synergies; the market demand for our products, solutions and services and our ability to deliver them to customers; projections regarding the U.S. and global demand for electricity and solar power; macro-economic trends; changes in emissions-measurement methodologies; technological developments; Nextpower’s ability to implement its sustainability initiatives and achieve its climate targets; changing business conditions in our industry and markets overall; and legislative, regulatory and economic developments. These forward-looking statements are based on various assumptions and on the current expectations of Nextpower’s management. These statements involve risks and uncertainties that could cause the actual results to differ materially from those anticipated by these forward-looking statements, including risks and uncertainties that are also described under "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations" in Nextpower’s most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and other documents that Nextpower has filed or will file with the Securities and Exchange Commission. There may be additional risks that Nextpower is not aware of or that Nextpower currently believes are immaterial that could also cause actual results to differ from these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Nextpower assumes no obligation to update these forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260901636368/en/ Contacts Investor Relations Contact Sarah [email protected] Media Contact Brandy [email protected]

Nextpower (NXT) recently approved amendments to its Second Amended & Restated Certificate of Incorporation at its August 18, 2026 AGM, shortly after Q2 results that came in below analyst expectations. At a share price of $84.81, Nextpower has seen short term momentum fade, with the 30 day share price return down 15.22% and the 90 day share price return down 37.54%, even though the 1 year total shareholder return is 23.67% and the 3 year total shareholder return is 102.17%. The 13.1% drop in the stock since Q2 results and the recent amendments to the incorporation documents are now feeding into how investors weigh Nextpower’s growth potential against execution risk and governance changes. Compare how Nextpower stacks up against other solar and power infrastructure plays by scanning a curated 38 power grid technology and infrastructure stocks that are also reacting to earnings and policy shifts. After a sharp pullback in Q2 and fresh governance changes, some investors may view Nextpower near $84 as an early entry opportunity, while others may prefer to wait for more clarity. How does the current valuation frame that choice? Analysts following the most popular narrative see Nextpower’s fair value at $150.19 compared with the recent $84.81 close. This creates a wide gap that hinges on specific growth and profitability assumptions. Read the complete narrative. Read the complete narrative. Want to see what is baked into that gap between price and fair value? The narrative leans heavily on faster top line growth, resilient margins and a premium future earnings multiple. Curious which specific revenue path and profitability mix support that $150.19 figure? Result: Fair Value of $150.19 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, those fair value assumptions could be challenged if U.S. policy shifts affect tariffs or domestic content rules, or if international pricing pressure squeezes Nextpower’s margins. Find out about the key risks to this Nextpower narrative. With sentiment on Nextpower split between concern and optimism, this is a good time to act quickly and review the full picture yourself using 4 key rewards and 1 important warning sign. If you stop with Nextpower, you risk missing other stocks that might suit your goals even better. Take a few minutes to scan focused ideas built from hard numbers. Target reliable income streams by reviewing a curated set of 12 dividend fortresses that could help anchor the income side of your portfolio. Hunt for quality at a reasonable price by scanning a focused group of 18 high quality undiscovered gems before the crowd pays closer attention. Prioritise resilience by assessing companies in our 74 resilient stocks with low risk scores that pair sturdier fundamentals with lower overall risk scores. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NXT. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Wrapping up Q2 earnings, we look at the numbers and key takeaways for the renewable energy stocks, including Nextpower (NASDAQ:NXT) and its peers. Renewable energy companies are buoyed by the secular trend of green energy that is upending traditional power generation. Those who innovate and evolve with this dynamic market can win share while those who continue to rely on legacy technologies can see diminishing demand, which includes headwinds from increasing regulation against “dirty” energy. Additionally, these companies are at the whim of economic cycles, as interest rates can impact the willingness to invest in renewable energy projects. The 15 renewable energy stocks we track reported a satisfactory Q2. As a group, revenues beat analysts’ consensus estimates by 3.1% while next quarter’s revenue guidance was 7.9% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 7.6% since the latest earnings results. With its technology playing a key role in the massive 1.2 gigawatt Noor Abu Dhabi solar farm project, Nextpower (NASDAQ:NXT) is a provider of solar tracker systems that help solar panels follow the sun. Nextpower reported revenues of $935.2 million, up 8.2% year on year. This print fell short of analysts’ expectations by 0.9%. Overall, it was a softer quarter for the company with a significant miss of analysts’ EBITDA estimates and full-year EBITDA guidance missing analysts’ expectations. The market seems disappointed with the results as the stock is down 13.1% since reporting and currently trades at $84.23. Is now the time to buy Nextpower? Access our full analysis of the earnings results here, it’s free. Working in stealth mode for eight years, Bloom Energy (NYSE:BE) designs, manufactures, and markets solid oxide fuel cell systems for on-site power generation. Bloom Energy reported revenues of $1.07 billion, up 166% year on year, outperforming analysts’ expectations by 27.7%. The business had an incredible quarter with a beat of analysts’ EPS and EBITDA estimates. Bloom Energy pulled off the biggest analyst estimate beat, fastest revenue growth, and highest full-year guidance raise of the whole group. The market seems happy with the results as the stock is up 24.8% since reporting. It currently trades at $208.28. Is now the time to buy Bloom Energy? Access our full analysis of the earnings results here, it’s free. Pioneering the use of lithium-ion batteries for grid storage, Fluence (NASDAQ:FLNC) helps store renewable energy sources with battery systems. Fluence Energy reported revenues of $649.8 million, up 7.9% year on year, falling short of analysts’ expectations by 18.8%. It was a disappointing quarter as it posted full-year revenue guidance missing analysts’ expectations significantly and full-year EBITDA guidance missing analysts’ expectations significantly. Fluence Energy delivered the weakest performance against analyst estimates and weakest full-year guidance update in the group. As expected, the stock is down 23.3% since the results and currently trades at $10.91. Read our full analysis of Fluence Energy’s results here. With its name deriving from a combination of “generating” and “AC”, Generac (NYSE:GNRC) offers generators and other power products for residential, industrial, and commercial use. Generac reported revenues of $1.17 billion, up 10.6% year on year. This result missed analysts’ expectations by 0.5%. More broadly, it was actually a very strong quarter as it logged a beat of analysts’ EPS and EBITDA estimates. The stock is up 3.2% since reporting and currently trades at $201.78. Read our full, actionable report on Generac here, it’s free. Created through a settlement between NRG Energy and the California Public Utilities Commission, EVgo (NASDAQ:EVGO) is a provider of electric vehicle charging solutions, operating fast charging stations across the United States. EVgo reported revenues of $82.65 million, down 15.7% year on year. This number beat analysts’ expectations by 3.5%. However, it was a slower quarter as it logged full-year revenue guidance missing analysts’ expectations significantly and full-year EBITDA guidance missing analysts’ expectations significantly. The stock is down 13.6% since reporting and currently trades at $1.50. Read our full, actionable report on EVgo here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

Interested in Nextpower Inc.? Here are five stocks we like better. Record first-quarter performance: Revenue rose 8% year over year to $935 million, while adjusted EBITDA reached $233 million and adjusted free cash flow totaled $105 million. Nextpower ended the quarter with more than $1.2 billion in cash and no debt. Backlog and product expansion accelerated: Backlog surpassed $5.5 billion, including more than $300 million from the Prevalon acquisition, as non-tracker products such as storage, eBOS, foundations and TrueCapture gained momentum. The company also expanded into inverters through its Apex acquisition and has a pending German acquisition to broaden its European offerings. Fiscal 2027 outlook raised: Nextpower now expects revenue of $4.1 billion to $4.4 billion, adjusted EBITDA of $870 million to $930 million and adjusted diluted EPS of $4.42 to $4.73, including approximately $50 million in planned growth investments. 3 Clean Energy Stocks With Bullish Moving Average Signals Nextpower (NASDAQ:NXT) reported record first-quarter fiscal 2027 revenue and expanded its backlog while advancing a strategy to broaden its offerings beyond solar trackers into energy storage, power conversion and electrical balance-of-system products. Revenue for the quarter totaled $935 million, up 8% from a year earlier and 6% sequentially. Adjusted EBITDA was $233 million, representing a 25% margin, while adjusted gross margin reached 37%. The company generated $121 million of operating cash flow and $105 million of adjusted free cash flow, ending the quarter with more than $1.2 billion in cash and cash equivalents and no debt. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now If Solar’s Rally Has Legs, These 2 Stocks Could Benefit Most CEO and Founder Dan Shugar said the quarter reflected continued bookings momentum, operational execution and progress expanding the company’s technology platform. Tracker and non-tracker demand helped lift backlog to more than $5.5 billion, with Nextpower Energy Storage adding more than $300 million of additional backlog following the recent closing of the Prevalon acquisition. Shugar said Wood Mackenzie recognized Nextpower as the leading solar tracker provider in the U.S. and globally for the 11th consecutive year in its 2025 market-share data. The company held 55% of the U.S. tracker market and 30% of the global market, according to Shugar, and has deployed its technology across projects totaling more than 160 gigawatts. → Microsoft Just Flipped the AI Spending Narrative Overnight 3 Stocks Quietly Powering the AI and Tech Revolution While tracker systems remain the primary business, non-tracker offerings represented about 14% of first-quarter revenue. CFO Chuck Boynton said revenue during the period included contributions from TrueCapture controls, eBOS, foundations, robotic solutions and other platform products. President Howard Wenger said eBOS had record bookings and remains on track to generate well over $100 million in revenue during fiscal 2027. The company has booked 850 megawatts of its UL-certified NX PowerMerge eBOS solution, with deliveries expected to begin in the current quarter. → Carrier Earnings Could Send the Stock to a New All-Time High Nextpower’s foundations business posted a 50% year-over-year revenue increase in the first quarter, while TrueCapture produced record revenue and backlog. Wenger said the company is seeing a higher TrueCapture attach rate, though it did not provide a specific figure. Boynton said TrueCapture historically represented about 2% of revenue and was above that level during the quarter. Nextpower closed its acquisition of Prevalon, launching Nextpower Energy Storage. Shugar said Prevalon brings a team with experience across 6 gigawatt-hours of turnkey storage solutions and approximately 38 projects. The business serves applications including dispatchable peaking power, data-center stabilization and utility-scale storage. The company also closed its acquisition of the Apex inverter business and said its inverter product received UL 1741 SB certification. Nextpower expects deliveries to begin in early 2027 and plans to have more than 10 gigawatts of U.S. inverter capacity online by next summer. Shugar said the company had begun investing in inverters more than two years ago in response to customer needs for operating performance, domestic manufacturing, cybersecurity and service support. He said the company is accelerating its U.S. manufacturing buildout across multiple locations and intends to offer inverters and power-conditioning products for both solar and storage applications. The company also addressed the Federal Communications Commission’s announcement related to imported inverters, with Shugar saying Nextpower’s inverter business could help customers manage potential restrictions on overseas equipment. He said the UL-certified Apex product is designed to use site-level optical-fiber communications and to meet government requirements. Internationally, Nextpower secured a tracker order for what Wenger described as Australia’s largest solar-plus-storage project to date, a 721-megawatt project that includes locally made steel. The company’s customer reach now spans more than 50 countries. Nextpower also has a pending acquisition of Germany-based Zimmermann PV-Steel Group. If completed, the transaction would add five product lines, extend the company’s presence into 15 additional countries and expand its offerings in fixed-tilt and structural solar systems. Wenger said Zimmermann has deployed more than 20 gigawatts of projects and would strengthen Nextpower’s European position, particularly in Germany, where fixed-tilt systems represent a significant portion of the ground-mount market. The acquisition is not included in the company’s fiscal 2027 outlook because the timing of its closing remains uncertain, Boynton said. Based on first-quarter results, backlog and demand across established and newer product categories, Nextpower raised the lower end of its fiscal 2027 outlook. The company now expects: Revenue of $4.1 billion to $4.4 billion. Adjusted EBITDA of $870 million to $930 million. Adjusted diluted earnings per share of $4.42 to $4.73. The outlook includes approximately $50 million of planned growth investments, primarily to accelerate the company’s power-conversion market entry. Boynton said this is the same $50 million investment previously disclosed, rather than an additional amount. Management reiterated its longer-term margin framework of gross margins in the low 30% range and operating margins in the low 20% range. First-quarter margins exceeded those targets partly because of IEEPA tariff recoveries, a higher relative contribution from U.S. revenue and strong TrueCapture revenue, partially offset by higher logistics costs. Nextpower plans to provide an updated 2030 outlook at its Capital Markets Day on Nov. 16 at the RE+ conference in Las Vegas. Shugar said the update will reflect market momentum, recent acquisitions and the company’s operating performance. Nextpower, formerly known as Nextracker, is traded on NASDAQ under the symbol NXT and is a leading provider of advanced solar tracking solutions for utility-scale and distributed energy projects. The company specializes in the design, engineering and manufacturing of single-axis tracker systems that optimize the capture of solar energy by following the sun’s trajectory throughout the day. Nextpower’s core hardware offerings aim to enhance energy yield, reduce balance-of-system costs and simplify installation and maintenance for downstream solar developers and operators. In addition to its tracker hardware, Nextpower provides a suite of digital software and analytics tools to maximize asset performance. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Nextpower Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

This article first appeared on GuruFocus. Revenue: Record quarterly revenue of $935 million, representing 8% year-over-year and 6% sequential growth. Adjusted Gross Profit: $342 million in Q1, with an adjusted gross margin of 37%. Adjusted EBITDA: $233 million, representing an adjusted EBITDA margin of 25%. Backlog: Grew to over $5.5 billion, with an additional $300 million from NextPower Energy Storage. Geographic Revenue Mix: Approximately 83% US and 17% Rest of World. Non-Tracker Revenue: Represented approximately 14% of total revenue, including contributions from TrueCapture, EBOS, Foundations, and Robotic Solutions. EBOS Bookings: Record bookings in the quarter, on track to contribute well over $100 million in revenue for the year. Foundations Business: 50% year-over-year increase in the quarter. Cash and Cash Equivalents: Over $1.2 billion with no debt. Operating Cash Flow: $121 million generated in the quarter. Adjusted Free Cash Flow: $105 million in the quarter. Fiscal 2027 Outlook: Revenue expected in the range of $4.1 billion to $4.4 billion; adjusted EBITDA between $870 million and $930 million; adjusted diluted EPS between $4.42 and $4.73. Warning! GuruFocus has detected 2 Warning Sign with NXT. Is NXT fairly valued? Test your thesis with our free DCF calculator. Release Date: July 30, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Record quarterly revenue of $935 million and adjusted EBITDA of $233 million, with backlog growing to over $5.5 billion. Continued global market leadership in solar trackers, with 55% US and 30% worldwide market share for 2025. Successful expansion into non-tracker products, with EBOS on track to contribute over $100 million in revenue this year and strong attach rates. Strategic acquisitions (Prevalon, Apex inverter, Zimmermann) are expanding the platform into energy storage and power conversion, with UL certification achieved for the Apex inverter. Strong balance sheet with over $1.2 billion in cash, no debt, and an investment-grade credit rating, supporting continued investment and M&A. Adjusted operating expenses increased year-over-year due to platform expansion and R&D investment, impacting near-term margins. Gross margin overachievement was partly due to one-time IEPA tariff recoveries, which may not be sustainable in future quarters. Integration of recent acquisitions (Prevalon, Apex, Zimmermann) may cause near-term margin dilution and require significant management attention. The company faces potential risks from US government restrictions on imported inverters, which could disrupt supply chains and increase costs. Project timing remains uncertain, with some projects accelerating and others moving to the right, creating potential revenue volatility. Q: How do you view the scale of the opportunity in the inverter segment following the FCC's announcement on imported inverters, and how incremental is this to your long-term outlook for market share? A: Dan Shugar (CEO and Founder): We made the decision to launch our inverter and power conditioning business over two years ago based on direct customer feedback identifying these as major pain points. Our objective is to deliver the most available inverter and power conditioning products in the industry. The recent FCC announcement validates our strategy, as customers are increasingly valuing domestic production, enhanced cybersecurity, and support from an investment-grade U.S. company. We have seen very strong demand and feedback, which is why we are accelerating our investment with an incremental $50 million. We are doubling down on our ramp plan with the goal of having the highest availability operating inverters for solar and storage power plant owners. Q: Can you provide an early read on the integration efforts and realization of synergy potential for your recent M&A deals, and how has your engagement with hyperscaler and data center customers evolved with your more robust portfolio? A: Dan Shugar (CEO and Founder) and Howard Wenger (President): We have a strong history of successful M&A integration, from the BrightBox acquisition that led to TrueCapture to the recent integration of EBOS, which has doubled its revenue run rate to over $100 million annually. The Prevalon acquisition is different as it brings a mature team with 38 completed projects and strong customer references, requiring less integration. Regarding hyperscalers, we serve them both indirectly through IPP developer partners and directly with products like Prevalon's Hybrid OS power stabilizer, which provides sub-10-millisecond response for data center demand fluctuations. The demand from this segment is very real, and we are seeing expanding pipelines and closing business. Q: Can you provide more color on the percentage of tracker projects coming with other technologies and the average number of offerings per project? Also, is the $50 million incremental investment in power conversion the same as what you announced in May, or is it incremental on top of that? A: Chuck Boynton (CFO) and Howard Wenger (President): The $50 million investment is the same number we announced in May, not incremental. Regarding attach rates, we are seeing strong progress in porting more products alongside our tracker platform. Foundations grew 50% year-over-year, and the EBOS attach rate is exceeding the overall non-tracker attach rate of 14%. For example, integrating our foundations with trackers reduced install time by 20% by eliminating all fasteners between the foundation and tracker, demonstrating the value of our bundled solutions. Q: Can you split out the margin expansion drivers, specifically the impact of TrueCapture and tariff recoveries? What percentage of your install base has TrueCapture, and what is the attach rate on new bookings? A: Chuck Boynton (CFO) and Howard Wenger (President): TrueCapture historically represented 2% of revenue, but it has gone higher with a strong quarter tied to commissioning. The overall beat on margins was primarily driven by significant IEPA tariff recoveries, with more expected in Q2, partially offset by freight headwinds. We are not publishing exact attach rates, but TrueCapture attach rates are increasing. We have many tens of gigawatts of TrueCapture installed with validated performance, and it becomes even more valuable on uneven terrain and difficult installation sites. Q: Can you share the bookings mix between different products, and do you see the quarterly bookings level of around $1 billion accelerating? A: Chuck Boynton (CFO) and Howard Wenger (President): We raised our backlog to over $5.5 billion, with the energy storage business adding more than $300 million on top. We booked well over $1 billion in the quarter, supported by strong U.S. and international sales and meaningful contributions from non-tracker products. We are not breaking out the precise mix, but the non-tracker contributions are very meaningful and directionally increasing. Q: With 10 gigawatts of U.S. inverter capacity planned, is this directional to about 8% of 2028 revenue? And what other areas are you looking to conquer next, such as medium voltage transformers or commercial solar battery kits? A: Dan Shugar (CEO and Founder) and Howard Wenger (President): We are sizing domestic production capacity in response to market needs and are not focused on a specific percentage of revenue. The inverter product family is actually a higher margin business than trackers, and we are focused on meeting customer expectations with schedule, product performance, and reliability. We have brought in Rob Vingey as COO to lead this effort. Regarding future areas, we are continuing to invest over $100 million annually in R&D and will pursue opportunities that help customers improve their IRR, either through organic development or disciplined M&A to accelerate time to market. Q: Now that Prevalon is closed, can you provide an update on the cell procurement strategy and the appetite for offering a U.S. domestic product? Also, why was only the bottom end of the guidance range raised? A: Dan Shugar (CEO and Founder) and Chuck Boynton (CFO): The NextPower Energy Storage team has a portfolio of supply options to meet customer domestic content requirements, and we have not heard any requirements we cannot meet. We are seeing additional battery factories being built in the U.S., and our position will grow as capacity grows. Regarding guidance, we raised the bottom end due to strong Q1 performance and increased visibility. However, we did not add an outlook for the Zimmermann acquisition due to uncertainty on closing timing. We are being prudent with only one quarter completed and three remaining. Q: Can you provide concrete numbers around the gating factors for the storage business, such as cell supply, module capacity, or containers? A: Dan Shugar (CEO and Founder): The NextPower Energy Storage team has both DC block and AC block solutions addressing eight of ten use cases in battery energy storage. I see no impediments from a supply, design, or financing standpoint to satisfy customer needs. The battery segment is growing at a 33% CAGR through 2030. We are seeing a transition from one-hour to four-hour and even six to eight-hour applications. Storage is highly synergistic with solar, addressing the need for more duration and dispatchability, and we are very bullish on the long-term prospects. Q: Can you talk about the international strategy, specifically the Saudi JV (NX Arabia) and the non-U.S. inverter strategy, particularly in Asia? A: Howard Wenger (President): For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Nextpower (NXT) came out with quarterly earnings of $1.2 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +15.39%. A quarter ago, it was expected that this solar energy equipment supplier would post earnings of $0.89 per share when it actually produced earnings of $1.05, delivering a surprise of +17.98%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Nextpower, which belongs to the Zacks Solar industry, posted revenues of $935.17 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.31%. This compares to year-ago revenues of $864.25 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Nextpower shares have added about 6.4% since the beginning of the year versus the S&P 500's gain of 6.9%. While Nextpower has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Nextpower was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.17 on $1.06 billion in revenues for the coming quarter and $4.67 on $4.35 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Solar is currently in the top 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. T1 Energy Inc (TE), another stock in the same industry, has yet to report results for the quarter ended June 2026. This company is expected to post quarterly loss of $0.13 per share in its upcoming report, which represents a year-over-year change of +38.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. T1 Energy Inc's revenues are expected to be $147 million, up 10.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nextpower Inc. (NXT) : Free Stock Analysis Report T1 Energy Inc (TE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Record quarterly revenue and backlog driven by strong customer demand and disciplined execution; continued expansion of power technology platform FREMONT, Calif., July 30, 2026--(BUSINESS WIRE)--Nextpower™ (Nasdaq: NXT), a leading provider of clean power technology solutions, today announced financial results for the first quarter for fiscal year 2027, ended July 3, 2026. Financial Summary(In millions, except per share) Business Highlights Grew backlog to more than $5.5 billion, reflecting strong customer demand and bookings momentum across core tracker products and accelerating growth in complementary platform technologies. Prevalon, closed in July 2026, adds incremental backlog significantly above $300 million. Expanded Nextpower’s clean power technology platform through acquisition of the Prevalon energy storage business as well as Apex Power and key assets of Zigor Corporation’s inverter business. Also announced an agreement to acquire Zimmermann PV-Steel Group to expand Nextpower’s European footprint and product portfolio. Delivered record quarterly eBOS bookings, with eBOS revenue on track to exceed well over $100 million for the year, achieved UL certification of NX PowerMerge™ and grew cumulative PowerMerge bookings to over 850 MW. Expanded the company’s #1 U.S. and global tracker market shares, according to Wood Mackenzie, while expanding Nextpower’s global project footprint to over 50 countries. "Nextpower delivered record quarterly revenue and backlog, with strong bookings momentum across our business," said Dan Shugar, CEO and founder of Nextpower. "These results confirm that customers are responding positively to our expanding clean power technology platform, including strong adoption of eBOS and growing traction across the broader product portfolio. With the recent addition of power conversion and energy storage product lines, we believe Nextpower is positioned to deliver even more value to customers as they generate, store, control, and deliver reliable power at scale. Our team remains focused on enhanced customer value, operational excellence, and disciplined growth." "This quarter’s financial performance and strong cash generation reinforce the durability of our business model and the execution of our operating platform," said Chuck Boynton, CFO of Nextpower. "We remain focused on disciplined capital allocation maintaining a strong balance sheet, and investing in capabilities that complement our core business, deepen customer relationships, and drive long-term profitable growth." FY2027 Annual Outlook Q1 FY2027 Earnings Call July 30, 20262:00 p.m. PT / 5:00 p.m. ETLive webcast available on investors.nextpower.com We encourage you to review our Q1 FY27 Shareholder Letter, which, along with this press release, is available on the Nextpower Investor Relations website and includes important information for Nextpower shareholders that supplements and expands on the information in this press release. The webcast replay will be available on the Nextpower Investor Relations website following the conclusion of the event. About Nextpower Nextpower™ (Nasdaq: NXT) innovates and delivers integrated technology solutions for modern energy infrastructure. Its solar and energy storage platforms help customers design, build, and operate utility-scale power plants and other critical power infrastructure with faster project delivery, improved system performance, greater reliability, and long-term operational value. Building on more than a decade of energy technology leadership, Nextpower partners with customers worldwide to accelerate the deployment of reliable firm power needed for a rapidly electrifying world. Learn more at www.nextpower.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation statements relating to: the trends for energy demand and future solar adoption; the demand for our products (including but not limited to trackers, foundations, eBOS, NX PowerMerge, our other products and our bundled solutions); the ability to grow our core tracker business, our bookings and backlog, including our ability to convert our backlog into revenue; our competitiveness and global market share; our expansion into energy storage solutions, data center power infrastructure and our ability to provide integrated solutions across solar, energy storage and data center applications; the expected benefits of the Prevalon, Apex/Zigor and other recent acquisitions and the proposed acquisition of Zimmermann PV-Steel Group (including the benefits our customers may realize as a result of integrating these businesses and assets into Nextpower’s); the benefits of UL certification for NX PowerMerge and the Apex inverter system; and statements regarding our outlook for fiscal year 2027 and other periods. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including but not limited to: our ability to execute our strategies, mission, plans, objectives and goals; our ability to complete the pending acquisition of Zimmermann PV-Steel Group and to satisfy the transaction’s closing conditions including obtaining the requisite government approvals; our ability to integrate our other recently completed acquisitions and to realize their anticipated benefits and synergies; the market demand for our products, solutions and services and our ability to deliver them to customers; projections regarding the U.S. and global demand for electricity and solar power; macro-economic trends; changing business conditions in our industry and markets overall; and legislative, regulatory and economic developments. These forward-looking statements are based on various assumptions and on the current expectations of Nextpower’s management. These statements involve risks and uncertainties that could cause the actual results to differ materially from those anticipated by these forward-looking statements, including risks and uncertainties that are also described under "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations" in Nextpower’s most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and other documents that Nextpower has filed or will file with the Securities and Exchange Commission. There may be additional risks that Nextpower is not aware of or that Nextpower currently believes are immaterial that could also cause actual results to differ from these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Nextpower assumes no obligation to update these forward-looking statements. Use of Adjusted Financial Information An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules III, IV and V attached to this press release, and can be found, along with other financial information including the Earnings Presentation, on the investor relations section of our website at investors.nextpower.com. Channels for Disclosure of Information Nextpower intends to announce material information to the public through the Nextpower Investor Relations website investors.nextpower.com, SEC filings, press releases, public conference calls, and public webcasts. Nextpower uses these channels to communicate with its investors, customers, and the public about the company, its offerings, and other issues. As such, Nextpower encourages investors, the media, and others to follow the channels listed above and to review the information disclosed through such channels. Schedule V Nextpower Inc.Notes To supplement Nextpower’s unaudited selected financial data presented consistent with U.S. Generally Accepted Accounting Principles ("GAAP"), the Company discloses certain non-GAAP financial measures that exclude certain charges and gains, including adjusted earnings before interest, taxes, depreciation, and amortization ("Adjusted EBITDA"), adjusted EBITDA margin, adjusted gross profit, adjusted gross margin, adjusted operating income, adjusted operating margin, adjusted net income, adjusted net income margin, adjusted diluted earnings per share, and adjusted free cash flow. These supplemental measures exclude certain legal and other charges, stock-based compensation expense and intangible amortization, other discrete events as applicable and the related tax effects. These non-GAAP measures are not in accordance with or an alternative for GAAP and may be different from non-GAAP measures used by other companies. We believe that these non-GAAP measures have limitations in that they do not reflect all the amounts associated with Nextpower’s results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Nextpower’s results of operations in conjunction with the corresponding GAAP measures. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP measures. We compensate for the limitations of non-GAAP financial measures by relying upon GAAP results to gain a complete picture of the Company’s performance. In calculating non-GAAP financial measures, we exclude certain items to facilitate a review of the comparability of the Company’s operating performance on a period-to-period basis because such items are not, in our view, related to the Company’s ongoing operational performance. We use non-GAAP measures to evaluate the operating performance of our business, for comparison with forecasts and strategic plans, for calculating return on investment, and for benchmarking performance externally against competitors. In addition, management’s incentive compensation is determined using certain non-GAAP measures. Since we find these measures to be useful, we believe that investors benefit from seeing results "through the eyes" of management in addition to seeing GAAP results. We believe that these non-GAAP measures, when read in conjunction with the Company’s GAAP financials, provide useful information to investors by offering: the ability to make more meaningful period-to-period comparisons of the Company’s ongoing operating results; the ability to better identify trends in the Company’s underlying business and perform related trend analysis; a better understanding of how management plans and measures the Company’s underlying business; and an easier way to compare the Company’s operating results against analyst financial models and operating results of competitors that supplement their GAAP results with non-GAAP financial measures. The following are explanations of each of the adjustments that we incorporate into non-GAAP measures, as well as the reasons for excluding each of these individual items in the reconciliations of these non-GAAP financial measures: Stock-based compensation expense consists of non-cash charges for the estimated fair value of unvested restricted share unit and stock option awards granted to employees. The Company believes that the exclusion of these charges provides for more accurate comparisons of its operating results to peer companies due to the varying available valuation methodologies, subjective assumptions, and the variety of award types. In addition, the Company believes it is useful to investors to understand the specific impact stock-based compensation expense has on its operating results. Intangible amortization consists primarily of non-cash charges that can be impacted by, among other things, the timing and magnitude of acquisitions. The Company considers its operating results without these charges when evaluating its ongoing performance and forecasting its earnings trends, and therefore excludes such charges when presenting non-GAAP financial measures. The Company believes that the assessment of its operations excluding these costs is relevant to its assessment of internal operations and comparisons to the performance of its competitors. Acquisition costs consist primarily of nonrecurring transaction costs, including integration and diligence activities. Adjustment for taxes relates to the tax effects of the various adjustments that we incorporate into non-GAAP measures to provide a more meaningful measure on non-GAAP net income and certain adjustments related to non-recurring settlements of tax contingencies or other non-recurring tax charges, when applicable. Other includes an immaterial amount of non-cash equity in loss for the Nextpower Arabia joint venture which is accounted for under the equity method investment accounting. View source version on businesswire.com: https://www.businesswire.com/news/home/20260730493801/en/ Contacts Investor Contact: Sarah [email protected] Media Contact: Brandy [email protected]

The market expects Nextpower (NXT) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on July 30, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This solar energy equipment supplier is expected to post quarterly earnings of $1.04 per share in its upcoming report, which represents a year-over-year change of -10.3%. Revenues are expected to be $932.26 million, up 7.9% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.54% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Nextpower, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +12.08%. On the other hand, the stock currently carries a Zacks Rank of #1. So, this combination indicates that Nextpower will most likely beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Nextpower would post earnings of $0.89 per share when it actually produced earnings of $1.05, delivering a surprise of +17.98%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Nextpower appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nextpower Inc. (NXT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research