Nextracker Rebrands to Nextpower as Part of Move to Expand Solar Power Services

Core Viewpoint - California-based Nextracker has rebranded to Nextpower, reflecting its transformation into a global supplier of integrated energy technology solutions, particularly for utility-scale solar power plants [1] Company Overview - Nextpower is recognized as a global leader in solar tracking systems and is expanding its technology platform to include utility-scale power conversion systems, with first shipments expected in 2026 [1] - The company aims to provide coherent, integrated solutions that install faster, perform better, and operate more reliably over their lifetime [1] Financial Outlook - Nextpower reaffirmed its FY26 outlook and announced FY27 outlook and long-term financial targets, projecting revenues of $4.8 billion to $5.6 billion by FY30, with approximately one-third expected from non-tracker products and services [1] - The CFO stated that the multi-year financial targets reflect confidence in Nextpower's growth trajectory and business model, expecting continued top-line growth and healthy margins [1] Market Context - The rebranding occurs at a crucial time as global electricity demand accelerates, driven by AI, data centers, electric transportation, and building electrification [1] - Policymakers are emphasizing the need for localized supply chains, an area where Nextpower has invested for over a decade [1] Product Portfolio - Nextpower will maintain its complete product portfolio, including trackers, foundations, eBOS, advanced module frames, robotics, software, yield management and control systems, and services under the new brand architecture [1]