Nextpower Reports Record Q2 2027 Results and Raises Full-Year Guidance
Nextpower (NXT) delivered strong second quarter 2027 results, reporting revenue of $1.109 billion, a 23% year-over-year increase driven by core tracker sales and expanding non-tracker product demand. The company achieved an adjusted EBITDA of $249.7 million with a 22.5% margin. A record backlog of over $6 billion was established following quarterly bookings exceeding $1 billion, bolstered significantly by the NX PowerMerge solution and energy storage projects for AI data centers. Reflecting this momentum, management raised its full-year fiscal 2027 outlook for revenue, adjusted EBITDA, and diluted EPS. Despite these gains, the company faces significant macroeconomic headwinds, including rising costs for diesel, steel, and freight, alongside domestic logistics constraints caused by a shortage of qualified truck drivers. To mitigate future risks and expand capacity, Nextpower plans to invest $40 million in a new domestic manufacturing facility.
Tickers: $NXT
Topics: Acquisition Backlog EBITDA Energy Storage Guidance Increase Revenue Growth