Notizie in diretta • Jul 12
Nextpower to Acquire Zimmermann PV-Steel Group for €330 Million in Expansion Move Nextpower has signed a definitive deal to acquire Germany-based Zimmermann PV-Steel Group for up to €330 million, adding four new product lines and reach into 15 additional countries, with closing targeted for the second half of fiscal 2027.
The Zimmermann purchase follows Nextpower’s move into storage and data center power with the planned Prevalon acquisition, indicating a push to broaden its hardware and software offering across solar, storage and power infrastructure.
Nextpower shares trade at $111.50, with the stock up 20.2% year to date, and the new M&A steps arrive alongside the recent launch of its NX Gemini solar tracker and NX Anchor foundation system in Europe.
The bigger picture is that Nextpower is tying together more of the solar and power value chain, which could increase complexity and integration risk as it absorbs Zimmermann and Prevalon while also rolling out new products. Annuncio • Jul 10
Nextpower Inc. to Report Q1, 2027 Results on Jul 30, 2026 Nextpower Inc. announced that they will report Q1, 2027 results After-Market on Jul 30, 2026 Buy Or Sell Opportunity • Jun 30
Now 26% overvalued The stock has been flat over the last 90 days, currently trading at US$119. The fair value is estimated to be US$94.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 44%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Recent Insider Transactions Derivative • Jun 29
Co-Founder exercised options and sold US$3.9m worth of stock On the 22nd of June, Daniel Shugar exercised options to acquire 30k shares at no cost and sold these for an average price of US$128 per share. This trade did not impact their existing holding. For the year to March 2022, Daniel's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Daniel currently holds less than 1% of total shares outstanding. Company insiders have collectively sold US$70m more than they bought, via options and on-market transactions in the last 12 months. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$107, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Electrical industry in the US. Total returns to shareholders of 169% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$93.50 per share. Annuncio • Jun 25
Nextpower Inc., Annual General Meeting, Aug 18, 2026 Nextpower Inc., Annual General Meeting, Aug 18, 2026. Notizie in diretta • Jun 24
Nextpower to Acquire Zimmermann PV-Steel Group in €330 Million European Solar Expansion Nextpower has agreed to acquire Germany-based Zimmermann PV-Steel Group for up to €330 million (about $378 million) in cash, stock and contingent consideration, with closing targeted for the second half of fiscal 2027, subject to regulatory and customary approvals.
The deal is expected to add about €300 million in annual revenue and €45 million in adjusted EBITDA, broadening Nextpower’s European ground-mount solar offering while Zimmermann continues operating as “Zimmermann PV, a Nextpower Company” and keeps serving existing customers.
Nextpower shares trade at $120.64, with the stock up 30% year to date, while the latest session showed a decline of 6.5%.
The acquisition meaningfully increases Nextpower’s scale in Europe’s utility-scale solar hardware market, but integration execution, regulatory timing and the mix of cash, stock and contingent payouts will be key factors for investors to track as the deal progresses. Notizie in diretta • Jun 17
Nextpower Stock in Focus as New Solar Tracker and Foundation Systems Launch in Europe Nextpower has launched a reworked NX Gemini two-in-portrait (2P) solar tracker system for global markets, with an initial focus on Europe.
The company is expanding its broader solar solutions portfolio in Europe, targeting a wider range of project needs.
Nextpower also introduced the NX Anchor integrated foundation system, co-engineered for the NX Horizon 1P tracker, aimed at addressing variable European soil conditions and construction risks.
This expansion of Nextpower’s product line points to an effort to serve more complex project requirements, particularly in regions where site conditions can be challenging and contractors seek systems that can be deployed efficiently.
Investors may want to watch how quickly these new products gain traction in international project tenders and whether the company can manage any added execution or cost risks associated with a broader hardware portfolio. Annuncio • Jun 17
Nextpower Announces Global Launch of Nx Gemini Two-In-Portrait Solar Tracker System and Nx Anchor Integrated Foundation System Nextpower announced the global launch of its reimagined NX Gemini two-in-portrait (2P) solar tracker system. The launch is part of a broader expansion of Nextpower’s solar solutions portfolio in Europe, which includes NX Anchor, an integrated foundation system co-engineered for the company’s flagship NX Horizon 1P tracker. Nextpower integrated solar tracking systems deployed at Greece’s landmark Ptolemaida Solar Park. Nextpower is expanding its platform to help support this next phase of solar development in Europe with high-density tracker systems, integrated foundations, and intelligent controls that address increasingly site-specific project needs. With over 160 GW deployed globally and a growing European footprint, Nextpower continues to invest in integrated solutions and broaden its product portfolio to streamline project execution and expand sites where solar can be built and operated reliably at scale. Building on five years of operational experience with 2P tracker technology, the reimagined NX Gemini system is designed to deliver improved performance, constructability, and cost effectiveness for customers. The system incorporates advancements in Nextpower’s proven tracker controls and software architecture, enabling row-level control, network communications, weather response, and centralized site intelligence. Engineered for Europe’s variable geotechnical conditions, the NX Anchor foundation system offers multiple pile types for soft, expansive, frost-prone, medium, and mixed soils. All piles can be installed with readily available standard equipment. Co-engineered for installation with Nextpower’s NX Horizon 1P tracker, the integrated foundation supports higher tracker clearances, with up to 70% less embedment depth than standard H-piles, and enables up to 20% faster installation. Nextpower will extend existing control and software-enabled capabilities to its NX Gemini 2P tracking system. These capabilities include TrueCapture advanced tracker control technology to maximize energy production and agriPV-specific operating modes available through the NX Navigator monitoring and control software. Nextpower’s advancements in agriPV tracker controls are part of a comprehensive agriPV solutions portfolio, recently showcased in Rimini, Italy. Buy Or Sell Opportunity • Jun 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.9% to US$122. The fair value is estimated to be US$101, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 44%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to US$157, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 17x in the Electrical industry in the US. Total returns to shareholders of 284% over the past three years. Recent Insider Transactions Derivative • May 23
Insider exercised options and sold US$15m worth of stock On the 20th of May, Bruce Ledesma exercised options to acquire 123k shares at no cost and sold these for an average price of US$125 per share. This trade did not impact their existing holding. Since June 2025, Bruce's direct individual holding has increased from 10.00k shares to 75.65k. Company insiders have collectively sold US$38m more than they bought, via options and on-market transactions in the last 12 months. Annuncio • May 14
Nextpower Inc. Updates Earnings Guidance for the Fiscal Year 2027 Nextpower Inc. updated earnings guidance for the fiscal year 2027. For the year, the company expected revenue of $3.8 billion to $4.1 billion as compared to previous guidance of $3.6 billion to $3.8 billion; GAAP Net Income of $501 million to $559 million; GAAP Diluted EPS of $3.19 to $3.56. Price Target Changed • May 13
Price target increased by 12% to US$140 Up from US$125, the current price target is an average from 26 analysts. New target price is approximately in line with last closing price of US$136. Stock is up 148% over the past year. The company is forecast to post earnings per share of US$3.68 for next year compared to US$3.96 last year. Notizie in diretta • May 13
Nextpower Expands Into Battery Storage With US$365 Million Prevalon Deal and Raises Outlook Nextpower agreed to acquire U.S.-based battery storage provider Prevalon Energy for up to US$365m, adding utility-scale battery systems, energy management software and lifecycle services to its existing solar tracking and inverter platform.
The company raised its fiscal 2027 outlook to at least US$4b in revenue and US$4.52 per share in adjusted earnings, citing expected contributions from the Prevalon acquisition.
Shares rose more than 12% following the announcement, while several Wall Street firms, including RBC Capital Markets, BNP Paribas and Susquehanna, lifted their price targets and kept positive or outperform ratings. Nextpower also filed a patent infringement lawsuit to defend its solar tracking technology.
The key shift here is that Nextpower is positioning itself as a broader clean energy systems provider, with exposure to battery storage, intelligent controls and potential AI data center demand rather than just solar tracking hardware.
Investors may want to watch how integration of Prevalon progresses, regulatory approvals for the deal, and any financial or legal impact from the company’s patent litigation. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$124, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 20x in the Electrical industry in the US. Total returns to shareholders of 287% over the past three years. Annuncio • Apr 22
Nextpower Inc. to Report Q4, 2026 Results on May 12, 2026 Nextpower Inc. announced that they will report Q4, 2026 results After-Market on May 12, 2026 Buy Or Sell Opportunity • Mar 17
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to US$122. The fair value is estimated to be US$100, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 57%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$101, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Electrical industry in the US. Total returns to shareholders of 198% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$101 per share. Buy Or Sell Opportunity • Feb 18
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 43% to US$123. The fair value is estimated to be US$102, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 57%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Price Target Changed • Jan 28
Price target increased by 11% to US$115 Up from US$104, the current price target is an average from 27 analysts. New target price is approximately in line with last closing price of US$120. Stock is up 144% over the past year. The company is forecast to post earnings per share of US$3.58 for next year compared to US$3.55 last year. Reported Earnings • Jan 28
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: US$0.88 (up from US$0.80 in 3Q 2025). Revenue: US$909.4m (up 34% from 3Q 2025). Net income: US$131.2m (up 14% from 3Q 2025). Profit margin: 14% (down from 17% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electrical industry in the US. Annuncio • Jan 07
Nextpower Inc. to Report Q3, 2026 Results on Jan 27, 2026 Nextpower Inc. announced that they will report Q3, 2026 results After-Market on Jan 27, 2026 Recent Insider Transactions • Nov 20
Independent Chairman recently sold US$919k worth of stock On the 18th of November, William D. Watkins sold around 10k shares on-market at roughly US$91.85 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. William D. has been a net seller over the last 12 months, reducing personal holdings by US$1.5m. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$88.09, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Electrical industry in the US. Total returns to shareholders of 122% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$106 per share. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$103, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 14x in the Electrical industry in the US. Total returns to shareholders of 221% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$106 per share. Annuncio • Oct 28
Nextracker Debuts NX Earth Truss Foundation Solution in Australia Backed by ARENA to Accelerate Large-Scale Solar Deployment Nextracker announced the launch of its NX Earth Truss®? foundation solution in Australia, supported by a grant from the Australian Renewable Energy Agency (ARENA) to accelerate large-scale solar in the country. With support from ARENA, and working with leading Australian developers, EPCs, and installation partners, Nextracker aims to cut the cost and complexity of building large-scale solar projects on challenging terrain such as hard or rocky soils. By overcoming these barriers, NX Earth Truss expands Australia's solar siting potential, easing land-use constraints and accelerating project timelines. With increased automation and lighter labour requirements, NX Earth Truss also improves the viability of building in remote project sites, opening new opportunities for utility-scale solar developments that might otherwise face delays or environmental limitations. At the core of Nextracker's system is the NX Truss Driver™?, a semi-autonomous drilling machine equipped with precision GNSS controls and unique drill-and-drive technology. It installs NX Earth Truss foundations in a single pass, reducing labour hours, eliminating rework, and de-risking construction timelines -- a critical advantage as Australia races to deploy renewables at unprecedented speed. Reported Earnings • Oct 24
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: US$0.99 (up from US$0.80 in 2Q 2025). Revenue: US$905.3m (up 42% from 2Q 2025). Net income: US$146.9m (up 27% from 2Q 2025). Profit margin: 16% (down from 18% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electrical industry in the US. Annuncio • Oct 24
Nextracker Inc. Updates Earnings Guidance for the Fiscal Year 2026 Nextracker Inc. updated earnings guidance for the fiscal year 2026. For the period, the company updates Revenue to be in the range of $3.275 billion to $3.475 billion compared to previous guidance of $3.2 billion to $3.45 billion. The company expects GAAP Net Income to be in the range of $499 million to $529 million compared to previous guidance of $496 million to $543 million. GAAP Diluted EPS is expected to be in the range of $3.26 to $3.46 compared to previous guidance of $3.24 to $3.55. Price Target Changed • Oct 18
Price target increased by 7.7% to US$79.15 Up from US$73.46, the current price target is an average from 26 analysts. New target price is 9.1% below last closing price of US$87.06. Stock is up 160% over the past year. The company is forecast to post earnings per share of US$3.57 for next year compared to US$3.55 last year. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$93.12, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 13x in the Electrical industry in the US. Total returns to shareholders of 166% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$73.17 per share. Buy Or Sell Opportunity • Oct 15
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 54% to US$93.12. The fair value is estimated to be US$73.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 7.2% per annum over the same time period. Annuncio • Oct 03
Nextracker Inc. to Report Q2, 2026 Results on Oct 23, 2025 Nextracker Inc. announced that they will report Q2, 2026 results After-Market on Oct 23, 2025 Annuncio • Sep 09
Nextracker Inc. (NasdaqGS:NXT) acquired Origami Solar, Inc. Nextracker Inc. (NasdaqGS:NXT) acquired Origami Solar, Inc. for $53 million on September 8, 2025.
Nextracker Inc. (NasdaqGS:NXT) completed the acquisition of Origami Solar, Inc. on September 8, 2025. Annuncio • Sep 05
Nextracker Inc. Introduces NX PowerMerge, a Transformative Electrical Balance of Systems (eBOS) Trunk Connector Nextracker announced the launch of its proprietary NX PowerMerge trunk connector, a next generation DC power component designed to streamline electrical balance of systems (eBOS) installation and boost long-term reliability. With NX PowerMerge, Nextracker has reimagined DC architectures to deliver a field flexible, cost efficient, and reliable solution to aggregate DC power collection to meet the needs of engineering procurement and construction (EPC) providers and owners. This innovative solution marks the first product introduction to the Nextracker eBOS portfolio since its acquisition of Bentek earlier this year and reinforces its commitment to delivering high performance solar plant solutions at scale. Compared to traditional trunk systems, NX PowerMerge provides field flexibility with fewer connections and a simplified installation process, establishing a more secure, stable power distribution path across the tracker array. Built for compatibility with all solar trackers and fixed systems, NX PowerMerge accelerates installation and commissioning, and enhances long-term reliability and energy production yield. NX PowerMerge is available for purchase now with deliveries beginning in spring 2026 with a manufactured in the U.S.A. option. Developed to meet the demands of today's high-voltage, high-density solar arrays, Nextracker's NX PowerMerge trunk connector delivers a robust, 2kV-ready solution for PV string-to-trunk bus connections. With 400A+ capacity, support for up to eight tap wires (6-8 AWG), and compatibility with trunk conductors up to 1000 kcmil, NX PowerMerge enables developers to reduce the number of connection points, simplify inverter block layouts, and streamline project designs. NX PowerMerge trunk connector key features include: Field adaptable installation that aligns flexibly with diverse solar field layouts and site conditions; Expanded contact surface area, lowering electrical resistance and enhancing connection stability; Maintenance-free operation that reduces long-term O&M and enhances energy production. As labor costs rise and skilled field resources tighten, NX PowerMerge helps EPCs to accelerate timelines through simplified installation and standardized, scalable architecture designed for long-term field performance. This solution also supports the industry's shift toward more centralized testing, standardization, and greater visibility for operators with fewer units to monitor in the field. Price Target Changed • Aug 18
Price target increased by 7.2% to US$70.68 Up from US$65.94, the current price target is an average from 25 analysts. New target price is approximately in line with last closing price of US$67.70. Stock is up 68% over the past year. The company is forecast to post earnings per share of US$3.56 for next year compared to US$3.55 last year. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to US$67.70, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Electrical industry in the US. Total returns to shareholders of 68% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$74.68 per share. Recent Insider Transactions • Aug 07
Independent Chairman recently sold US$568k worth of stock On the 5th of August, William D. Watkins sold around 10k shares on-market at roughly US$56.79 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was William D.'s only on-market trade for the last 12 months. Buy Or Sell Opportunity • Jul 30
Now 23% undervalued Over the last 90 days, the stock has risen 41% to US$58.88. The fair value is estimated to be US$76.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 5.6% per annum over the same time period. Price Target Changed • Jul 29
Price target increased by 7.5% to US$67.50 Up from US$62.78, the current price target is an average from 24 analysts. New target price is approximately in line with last closing price of US$64.90. Stock is up 38% over the past year. The company is forecast to post earnings per share of US$3.24 for next year compared to US$3.55 last year. Annuncio • Jul 11
Nextracker Inc. to Report Q1, 2026 Results on Jul 29, 2025 Nextracker Inc. announced that they will report Q1, 2026 results After-Market on Jul 29, 2025 Buy Or Sell Opportunity • Jul 08
Now 21% undervalued Over the last 90 days, the stock has risen 63% to US$63.94. The fair value is estimated to be US$81.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 9.4% per annum. Earnings are also forecast to grow by 6.8% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to US$66.31, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 12x in the Electrical industry in the US. Total returns to shareholders of 38% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$79.27 per share. Recent Insider Transactions Derivative • Jun 26
Co-Founder exercised options and sold US$1.3m worth of stock On the 23rd of June, Daniel Shugar exercised options to acquire 22k shares at no cost and sold these for an average price of US$57.24 per share. This trade did not impact their existing holding. For the year to March 2022, Daniel's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2024, Daniel's direct individual holding has increased from 147.09k shares to 326.54k. Company insiders have collectively sold US$24m more than they bought, via options and on-market transactions in the last 12 months. Annuncio • Jun 26
Nextracker Inc., Annual General Meeting, Aug 18, 2025 Nextracker Inc., Annual General Meeting, Aug 18, 2025. Annuncio • Jun 18
Nextracker Inc. Announces Directorate Changes Nextracker Inc. increased the number of directors serving on the Board from nine to eleven and appointed Monica Karuturi and Mark Menezes to serve as directors of the Company. Ms. Karuturi will serve as a Class III director of the Company and as a member of the Compensation and People Committee of the Board (the “ Compensation Committee”), effective immediately, with a term of office expiring at the Company’s 2025 annual meeting of stockholders, and Mr. Menezes will serve as a Class I director of the Company and a member of the Nominating, Governance and Public Responsibility Committee of the Board (the “Nominating Committee ”), also effective immediately, with a term of office expiring at the Company’s 2026 annual meeting of stockholders. Appointment of Monica Karuturi: Ms. Karuturi, 46, has served as Executive Vice President and General Counsel of CenterPoint Energy, an electric and gas utility company, since January 2022. Ms. Karuturi joined CenterPoint Energy in 2024, and held several leadership positions at CenterPoint Energy prior to her current role, including Senior Vice President and General Counsel from July 2020 to January 2022 and Vice President and Deputy General Counsel from April 2019 to July 2020. Prior to joining CenterPoint Energy, Ms. Karuturi served as Counsel, Corporate Finance and Strategic Transactions at LyondellBasell Industries. Ms. Karuturi earned her B.A. from Brown University, her M.P.H. from Columbia University, and her J.D. from Georgetown University Law Center. The Board has determined that Ms. Karuturi qualifies as an independent director in accordance with the Nasdaq listing rules and otherwise meets all applicable requirements to serve on each of the Board and the Compensation Committee. Ms. Karuturi will be compensated in accordance with Nextracker’s director compensation program. As such, Ms. Karuturi is entitled to receive an annual cash retainer of $77,500 for her service as a member of Nextracker’s Board, and as a member of the Compensation Committee, and an annual equity grant of $150,000 in restricted stock units to be paid at the conclusion of each annual meeting of our stockholders (the “ Annual Equity Award ”). Ms. Karuturi will receive a pro-rated portion of the Annual Equity Award and retainer fees for her service on our Board of Directors and Compensation Committee between the date of her appointment and Nextracker’s 2025 annual meeting. The number of shares of common stock underlying the Annual Equity Award will be determined based upon the closing price of Nextracker common stock on the Nasdaq Global Select Market on the business day immediately preceding the date of grant. Appointment of Mark Menezes: Mr. Menezes, 69, has served as the President and Chief Executive Officer of the United States Energy Association (USEA) since June 2023. USEA is a non-profit energy organization founded in 1924 to foster the advancement of scientific and technological energy knowledge and the adoption of sound policies to ensure the access of affordable, reliable, clean and resilient energy both in the U.S. and internationally. Additionally,Mr. Menezes has served as an adjunct professor at Georgetown University Law School since August 2021. Mr. Menezes also founded Global Sustainable Energy Advisors LLC, a strategic advisory firm focused on energy policy and security matters, as well as innovative technologies, transactions and investments. Mr. Menezes also served as the Deputy Secretary of the United States Department of Energy from August 2020 to January 2021. Prior to serving as the Deputy Secretary, Mr. Menezes held several positions at the Department of Energy, including Under Secretary. Previously, Mr. Menezes was a partner at the law firm Hunton & Williams LLP, where he headed and managed the firm’s regulated markets and energy infrastructure practice group. Mr. Menezes earned his B.A. from Louisiana State University and his J.D. from the Louisiana State University Law Center. Recent Insider Transactions Derivative • May 30
Co-Founder exercised options and sold US$6.0m worth of stock On the 28th of May, Daniel Shugar exercised options to acquire 109k shares at no cost and sold these for an average price of US$55.35 per share. This trade did not impact their existing holding. For the year to March 2022, Daniel's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2024, Daniel's direct individual holding has increased from 147.09k shares to 191.27k. Company insiders have collectively sold US$24m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • May 15
Price target increased by 11% to US$60.10 Up from US$54.21, the current price target is an average from 27 analysts. New target price is approximately in line with last closing price of US$61.60. Stock is up 41% over the past year. The company is forecast to post earnings per share of US$3.26 for next year compared to US$3.55 last year. Reported Earnings • May 15
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: US$3.55. Revenue: US$2.96b (up 18% from FY 2024). Net income: US$509.2m (up 66% from FY 2024). Profit margin: 17% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.0%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Electrical industry in the US. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to US$50.63, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 10x in the Electrical industry in the US. Total returns to shareholders of 18% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$78.46 per share. 
