Nextpower Q2 revenue rises 22%, beats analyst estimates

By Reuters News


Overview

  • U.S. clean power tech firm's fiscal Q2 revenue rose, beating analyst expectations

  • Adjusted diluted EPS for fiscal Q2 increased from a year earlier

  • Company completed Zimmermann PV-Steel Group acquisition and repurchased $162 mln in shares


Outlook

  • Nextpower raises FY27 revenue outlook to $4.2-$4.45 bln from $4.1-$4.4 bln

  • Company now sees FY27 GAAP net income of $559-$598 mln, up from $540-$573 mln

  • Nextpower expects Q3 FY27 revenue to grow about 10% year over year


Result Drivers

  • PRODUCT DEMAND - Co said record revenue and bookings reflected continued demand for tracker products and accelerating demand for additional products and services

  • INTEGRATED PLATFORM ADOPTION - Co said customer adoption of its integrated platform, including energy storage and complementary offerings, accounted for about 22% of Q2 revenue


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$1.11 bln

$1.06 bln (23 Analysts)

Q2 Gross Profit

$345 mln

Q2 Operating Income

$207.55 mln

Q2 Pretax Profit

$215.07 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 26 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the renewable energy equipment & services peer group is "buy"

  • Wall Street's median 12-month price target for Nextpower Inc is $131.50, about 65.5% above its October 27 closing price of $79.44

  • The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 24 three months ago


Reuters Recommended Reads

  • Oct 27 - World to add less clean energy capacity this year, renewables agency chief says

  • Oct 28 - India seeks $220 billion clean energy push to meet 2030 target

  • Oct 26 - India's Jakson Solar to invest up to $525 million in solar cells, ingot-wafer plants


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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