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Goldman Sachs maintains a Buy rating on Nextpower (NXT) following a strong fiscal fourth-quarter performance that exceeded consensus estimates for both revenue and earnings. Operational strength is evidenced by record quarterly bookings of approximately $1.1 billion, which has propelled the company's backlog to a milestone exceeding $5.25 billion. In response to this momentum, management raised its fiscal 2027 revenue guidance to a midpoint of $3.95 billion and announced the strategic acquisition of Zigor Corp's power conversion assets. This acquisition marks a significant pivot as the firm enters the inverter and battery storage markets to capture broader energy sector demand. While near-term earnings per share estimates were revised downward due to increased operational spending for growth, the price target was raised to $153 to reflect strong execution. Analysts remain focused on NXT’s upside potential relative to long-term 2030 revenue targets within the evolving TMT and energy landscape.
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Nextpower Strong Demand and Execution Drives Beat and Raise
Nextpower (NXT) delivered a strong F4Q26 beat with revenue exceeding $880mn and record bookings, leading to a FY2027 guidance raise. The company's expansion into power conversion via the Zigor acquisition further bolsters its long-term growth prospects toward 2030.
Early Morning Research Recap: Ratings and Target Price Changes
A comprehensive daily digest of Goldman Sachs' global equity and macro research, highlighting key rating changes and price target adjustments for May 13, 2026.