NXT

Nextpower (rebranded from Nextracker in November 2025) is the global market leader in solar tracking systems, having shipped over 160 GW across six continents. The financial trajectory is exceptional: revenue grew 20.3% to $3.56B in FY2026, the latest leg of a steep ramp from $1.46B in FY2022, while net income reached $586M (up 15.1%) at a 16.5% net margin and a 25.1% ROE. Crucially the company carries zero long-term debt and $1.09B of cash (up 42.9%), and equity jumped 43.4% to $2.33B. This is a rare combination of hypergrowth and a pristine, self-funded balance sheet.

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