Business
Nextracker Rebrands as Nextpower to Reflect the Company’s Position as an Integrated Power Technology Innovator
Announces development of power conversion product line to expand the company’s portfolio of customer solutions Hosts Capital Markets Day; announces FY27
About this update from Nextpower Inc.
Announces development of power conversion product line to expand the company’s portfolio of customer solutions Hosts Capital Markets Day; announces FY27 outlook and FY30 financial targets FREMONT, Calif.--(BUSINESS WIRE)-- Nextracker (Nasdaq: NXT), today announced its corporate rebranding to Nextpower™, marking its transformation into a global supplier of fully integrated energy technology solutions. The new brand reflects Nextracker’s evolution from the global leader in solar tracking into a full-platform company, delivering an integrated portfolio of advanced technologies and services for utility-scale solar power plants. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251112663209/en/ Nextpower delivers an integrated, connected ecosystem spanning structural, electrical, and digital solutions across the full lifecycle of advanced power plants—from design and construction through operations and maintenance. As part of its expanding technology platform, Nextpower announced the development of a new line of utility-scale power conversion systems with first shipments expected in 2026. “Our customers want coherent, integrated solutions that install faster, perform better, and operate more reliably over their lifetime,” said Dan Shugar, founder and CEO of Nextpower. “Over the past several years, we have been systematically executing a strategy to expand our portfolio and create a comprehensive technology platform that delivers significant benefits across the solar value chain.” “Our new name reflects this transformation,” Shugar continued. "Nextpower is building on decades of leadership in solar tracking, creating a leading integrated technology platform to support the world’s most advanced clean energy systems. The world is in an electricity super-cycle, and solar is the primary driver, adding more capacity than any other source, at lower cost. As we expand into power conversion systems (PCS), robotics, and AI, we’re enabling customer solutions engineered for the scale, reliability, and complexity of today’s solar power plants.” In conjunction with the company’s Capital Markets Day being held today, Nextpower reaffirms its FY26 outlook and announces its FY27 outlook and long-term financial targets, including $4.8 billion to $5.6 billion in revenue by FY30, with approximately one-third of revenue exp...