New York, Jan 28, 2026, 13:12 ET — Regular session
- Nextpower shares surged about 14% in afternoon deals, peaking at $131.07 earlier
- The company raised its FY2026 forecast and unveiled a $500 million share buyback plan
- After the earnings came out, Wall Street analysts pushed through fresh upgrades and lifted their price targets
Nextpower Inc shares climbed about 14% to $120.30 Wednesday afternoon, after briefly hitting $131.07. The surge followed an upgraded forecast and the launch of a new buyback program.
Fremont, California-based solar tech firm raised its fiscal 2026 guidance Tuesday after releasing third-quarter results. The company’s board approved a share buyback program with a $500 million ceiling. CFO Chuck Boynton pointed to “the strength of our bookings and execution” as the reason for the updated forecast. Nextracker
The rally spotlights whether Nextpower can turn its expanding pipeline into real revenue, while investors wrestle with U.S. permitting challenges and policy uncertainties that might hold up projects.
Revenue for the quarter ending Dec. 31, 2025, came in at $909 million, while adjusted earnings reached $1.10 per share. These adjusted numbers strip out items such as stock-based compensation and acquisition-related expenses—standard tweaks firms and analysts use to weed out one-offs.
Nextpower raised its full-year revenue forecast to a range of $3.425 billion to $3.500 billion. The company also lifted its adjusted earnings per share guidance, now expecting between $4.26 and $4.36. By the end of the quarter, Nextpower held roughly $953 million in cash and cash equivalents, carrying zero debt.
The company revealed in a recent filing that the buyback program will run for three years but could be changed, halted, or ended at any time if needed. Nextpower said it may buy shares through open-market trades, private deals, tender offers, or other methods. sec.gov
The company also cautioned that it might not repurchase any shares, noting that the timing and size of any buybacks will depend on the stock price, trading volume, and broader market conditions.
Nextpower announced it has earned an investment-grade credit rating from Fitch. The upgrade could widen its pool of investors and potentially lower its borrowing costs over time.
KeyBanc’s Sophie Karp upgraded Nextpower from “Sector Weight” to “Overweight,” with a $142 price target in hand. She called the quarter “another beat and raise.” KeyBanc noted the stock’s risk-reward has improved as growth drivers become “increasingly visible” and the company expands beyond its core solar tracker business. TipRanks
The key event ahead is the company’s quarterly report on Form 10-Q for the period ended Dec. 31. Investors are looking for clearer details on cash flow, the impact of tax credits, and management’s plans for the buyback.
