Nextpower raises FY2027 outlook after record Q1 revenue

Nextpower

30/07/2026 21:18

Overview
Clean power tech firm's fiscal Q1 revenue hit record but slightly missed analyst expectations
Adjusted diluted EPS for fiscal Q1 rose to $1.20 from $1.16 a year earlier
Company backlog grew above $5.5 bln, boosted by acquisitions and strong bookings

Outlook
Nextpower raises FY2027 revenue outlook to $4.1-$4.4 bln from $4.0-$4.4 bln
Company expects FY2027 GAAP net income of $540-$573 mln, up from $507-$573 mln
Company anticipates incremental costs of $50 mln for power conversion market entry in FY2027

Result Drivers
STRONG CUSTOMER DEMAND - Co cited robust demand and bookings momentum across core tracker products and complementary platform technologies
ACQUISITIONS - Recent acquisitions, including Prevalon, Apex Power, and Zigor assets, expanded platform and added to backlog
PRODUCT ADOPTION - Record eBOS bookings and increased adoption of NX PowerMerge contributed to quarterly performance

Company press release: ID:nBw13Z1cla

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$935 mln
$936.52 mln (20 Analysts)
Q1 Gross Profit
 
$336 mln
 
Q1 Operating Income
 
$190.91 mln
 
Q1 Pretax Profit
 
$198.93 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 24 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the renewable energy equipment & services peer group is "buy"
Wall Street's median 12-month price target for Nextpower Inc is $149.00, about 60.8% above its July 29 closing price of $92.67
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 25 three months ago

Reuters Recommended Reads
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July 29 - Nordex second-quarter core earnings nearly double, beating forecasts

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)