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

California-based Nextracker has announced its firm rebranding to Nextpower. The institution connected November 12 said the caller sanction reflects the group's translation into a planetary supplier of afloat integrated vigor exertion solutions. Nextracker, known arsenic a planetary person successful tracking systems for star power, present volition present an integrated portfolio of precocious technologies and services for utility-scale star powerfulness plants. As portion of its expanding exertion platform, Nextpower announced the improvement of a caller enactment of utility-scale powerfulness conversion systems with archetypal shipments expected successful 2026. “Our customers privation coherent, integrated solutions that instal faster, execute better, and run much reliably implicit their lifetime,” said Dan Shugar, laminitis and CEO of Nextpower (watch video here). “Over the past respective years, we person been systematically executing a strategy to grow our portfolio and make a broad exertion level that delivers important benefits crossed the star worth chain.” “Our caller sanction reflects this transformation,” Shugar continued. “Nextpower is gathering connected decades of enactment successful star tracking, creating a starring integrated exertion level to enactment the world’s astir precocious cleanable vigor systems. The satellite is successful an energy super-cycle, and star is the superior driver, adding much capableness than immoderate different source, astatine little cost. As we grow into powerfulness conversion systems (PCS), robotics, and AI [artificial intelligence], we’re enabling lawsuit solutions engineered for the scale, reliability, and complexity of today’s star powerfulness plants.” Nextpower successful the company’s Capital Markets Day connected Wednesday reaffirmed its FY26 outlook, and besides announced its FY27 outlook and semipermanent fiscal targets. The targets see $4.8 cardinal to $5.6 cardinal successful gross by FY30, with astir one-third of the gross expected to travel from income of non-tracker products and services. “Our multi-year fiscal targets bespeak our assurance successful Nextpower’s maturation trajectory and the spot of our concern model,” said Chuck Boynton, CFO of Nextpower. “We expect to present continued top-line growth, grow currency generation, and money ongoing investments successful maturation portion maintaining steadfast margins and a fortress equilibrium expanse done disciplined execution and operational efficiency.” Nextpower connected Wednesday said the rebranding comes astatine a pivotal infinitesimal arsenic planetary energy request accelerates, driven by the accelerated emergence of AI and information centers, electrical transportation, and the electrification of buildings. In response, policymakers are emphasizing the strategical request for localized proviso chains, an country wherever Nextpower has made investments for much than a decennary crossed home steel, electronics, and components manufacturing. Nextpower volition clasp its Nasdaq ticker awesome NXT, and proceed operating nether the aforesaid enforcement enactment team. The company’s implicit merchandise portfolio including trackers, foundations, eBOS, precocious module frames, robotics, software, output absorption and power systems, and services volition proceed nether the Nextpower marque architecture. —POWER edited this content, which was contributed by Nextpower’s communications team.