Defending Nextpower's Premium (NASDAQ:NXT)

Editor's note: Seeking Alpha is proud to welcome Arnav Dash Choudhury as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Defending Nextpower's Premium Summary Nextpower is a leading utility scale solar tracker manufacturer, benefiting from falling solar costs, increasing adoption, and its position as one of the largest players by cumulative GW shipped. Recent acquisitions across foundations, eBOS, and structural components, along with expansion into the Middle East, have expanded the company’s project scope and supported improvements in margins and project economics. NXT has delivered strong financial performance, with FY2025 revenue of approximately $2.96 billion, significantly higher profitability, a fully deleveraged balance sheet, and over $800 million in cash. Given the strong growth, valuation analysis suggests the stock is fairly priced after its sharp rise over the past year, supporting a Hold, in line with management's forward guidance. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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