Nextpower (NXT) stock jumps on Saudi joint venture launch and 12‑GW factory plan
New York, Jan 12, 2026, 13:36 EST — Regular session Nextpower Inc shares surged roughly 9% on Monday following the announcement of a completed Saudi joint venture and plans for a new manufacturing facility in the kingdom. The stock traded as high as $99.70 before settling up 9.3% at $99.62 in early afternoon trading, bouncing between $89.95 and $99.70. Nextpower announced its new joint venture, Nextpower Arabia, will be based in Riyadh and focus on providing tracker systems and related controls for large-scale solar projects throughout the Middle East and North Africa. The partners revealed a facility in Jeddah is