Nextpower Inc. develops solar tracking systems and related hardware for utility-scale and distributed generation solar projects globally. The company's primary product line consists of single-axis tracking solutions designed to optimize energy capture by adjusting solar panel orientation throughout the day. Its NX Horizon platform serves as the foundation for multiple product variants, including terrain-following trackers for sloped or uneven terrain, weather-responsive stowing systems, and a low-carbon manufacturing version. Beyond trackers, Nextpower offers complementary systems including TrueCapture, an energy yield management platform; NX Anchor, a foundation system for challenging soil conditions; NX Navigator, a monitoring and control software for solar plant operators; and NX Truss Driver, specialized installation equipment.
The company generates revenue primarily through sales to engineering, procurement, and construction firms as well as to solar project developers and owners. Nextpower operates from its headquarters in Fremont, California, and employs approximately 1,300 full-time staff. The company maintains a substantial international presence alongside domestic operations in the United States. Nextpower trades on Nasdaq and was incorporated in Delaware. The company was founded in 2013 under the name Nextracker Inc. and rebranded to Nextpower Inc. in November 2025.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2025 | $3.47 | $3.55 | +3.0% | |
| 2024 | $3.37 | $3.97 | +16750.0% | |
| 2023 | $0.02 | $0.02 | — |