TacticScaleWhat Nextpower Does & How It Makes Money (NXT)
Updated October 2026 · reflects Nextpower's latest reported financials
Solar tracker and energy technology maker for utility-scale solar plants. It sells solar tracking hardware, foundations and installation equipment to engineering, procurement and construction firms and to solar project developers and owners.
How Nextpower makes money
It sells solar tracking hardware, foundations and installation equipment to engineering, procurement and construction firms and to solar project developers and owners. It adds software for energy yield optimization and plant monitoring.
What Nextpower does
Nextpower Inc., formerly Nextracker Inc. until its November 2025 name change, supplies solar and energy technology for utility-scale power plants in the United States and internationally. Its main product line is the NX Horizon solar tracker family, which includes the terrain-following XTR for sloped or uneven sites, Hail Pro with automatic stowing based on weather service information, and a Low Carbon version with a smaller carbon footprint. Beyond trackers, it offers TrueCapture yield management software, NX Anchor and NX Earth Truss foundations for challenging soils, Truss Driver installation equipment, and the NX Navigator monitoring and control platform. Its customers are EPC firms, solar developers and plant owners. Founded in 2013, the company is headquartered in Fremont, California.
Products & services
- NX Horizon
- NX Horizon-XTR
- NX Horizon Hail Pro
- TrueCapture
- NX Earth Truss
- NX Navigator
What is Nextpower worth?
On an owner-earnings DCF, Nextpower's most-likely value is about $110 versus a recent price near $86 (27% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$36) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
Related companies
SolarEdge Technologies (SEDG) · Shenzhen S.C New Energy Technology (300724.SZ) · Arctech Solar Holding (688408.SS) · Jinko Power Technology (601778.SS) · NextEra Energy (NEE)