Should You Buy Nextpower Stock

Should You Buy Nextpower Stock by Ashly Chole last updated on February 08, 2026

Should You Buy Nextpower (NXT) Stock?

The Nextpower stock jumped by 131% in the last year, but it is still below its 52-week high. Amidst all of this, does it make sense to buy the shares of this solar power business?

Nextpower offers services and products in the renewable (green) power industry. In simple words, they make the technology that allows the solar panels to move and track the sun's movement.

Nextpower Revenue Comes From Solar Tracking Tech

This is a simple technology, but it allows the solar panels to generate the maximum energy. So, it is a very useful technology, and it is not wrong to expect more people to start using it.

Around 90% of Nextpower's revenue comes from its solar tracking technology. Also, they have a work backlog of almost $5 billion, which means they are as busy as it gets. For FY2026, analysts think the revenue will be around $3.5 billion.

Also, the company has zero long-term debt, and its cash balance sits at $845 million. This provides a great foundation for Nextpower to grow and expand in 2026.

Also, the P/S ratio of Nextpower is 3.9, and that's below the long-term average of 4.4. The P/E ratio of Nextpower is also only 23, which is very reasonable, as the average P/E of the S&P 500 is 28.

The bottom line is that the Nextpower stock can be a great option to add to the portfolio. The only problem is that they need to diversify the income sources, as most of it is just coming from the solar tracking technology.

Regardless of this risk, Nextpower stock is a very good option for those who want to invest in the renewable energy sector. Given how more people are moving towards solar energy, the demand for Nextpower products will only increase in the coming months and years.

So yes, you should absolutely buy the Nextpower stock as it is available at a bargain, and the future prospects also look bright.