Nextpower rises on Q3 beat, revenue forecast hike

Nextpower

28/01/2026 11:05

** Shares of solar tracking equipment maker Nextpower NXT.O jump 1.3% to $119.98 premarket after Q3 beat

** Co posts Q3 rev of $909 mln, beating est. of $813.3 mln; adj EPS of $1.10 above est. of $0.93 - LSEG data

** Co sees FY2026 revenue of $3.425-$3.500 bln vs prior est of $3.275-$3.475 bln

** CEO Dan Shugar says "customer response to our expanding product offerings and rebrand has been very favorable"

** 21 out of 29 analysts rate stock "buy" or higher, eight rate it "hold"; median PT at $108 - data compiled by LSEG

** As of last close, NXT stock up 21.5% over the past year

 (Reporting by Tharuniyaa Lakshmi in Bengaluruo)

 ((tharuniyaa@thomsonreuters.com))