Earnings ·
Nextpower Inc. reported financial results for its first fiscal quarter ended July 3, 2026, announcing record quarterly…
NXTNextpower Inc.
Nextpower Inc. reported financial results for its first fiscal quarter ended July 3, 2026, announcing record quarterly revenue of $935 million and GAAP net income of $165 million. The company grew its backlog to more than $5.5 billion, driven by strong customer demand and the recent acquisition of Prevalon’s energy storage business. Management updated its full-year fiscal 2027 outlook, raising revenue guidance to a range of $4.1 to $4.4 billion from $4.0 to $4.4 billion. The company operates in the clean power technology sector, providing integrated solar tracker and energy storage solutions for utility-scale infrastructure.