Nextpower Receives Investment Grade Credit Rating from Fitch

Core Viewpoint - Nextpower has achieved an inaugural investment grade credit rating from Fitch Ratings, reflecting the strength of its business model and financial management [1][2]. Group 1: Company Overview - Nextpower, formerly known as Nextracker, is a leading provider of intelligent power generation systems for solar power plants [1]. - The company designs, engineers, and delivers advanced energy technology platforms, innovating across structural, electrical, and digital domains [2]. - Nextpower's integrated solutions aim to streamline project execution, increase energy yield, enhance long-term reliability, and improve customer ROI [2]. Group 2: Financial Performance - Fitch Ratings has assigned a Long-Term Issuer Default Rating of BBB- to Nextpower with a Stable outlook, indicating a solid financial position [1]. - The achievement of an investment grade credit rating signifies consistent cash flow generation and disciplined financial management [2]. - This milestone reinforces confidence in the durability of Nextpower's business and its ability to execute long-term strategies [2].