Nextpower rated Buy at ~$100 on strong solar park demand and battery storage expansion.

Nextpower (NXT) has earned a Buy rating at around $100, driven by strong demand for large solar parks and its expansion into battery storage and inverter products. Recent revenue growth has been fueled by acquisitions, with battery storage and related products now making up 22% of revenue, although margin pressure remains. The company’s order book exceeds $6 billion, enabling cross-selling opportunities to existing solar clients and potential revenue growth per project. While the valuation at 20.9 times FY2027 earnings suggests upside, improvements in margins and free cash flow are needed to elevate the rating to Strong Buy.

Nextpower (NXT) trades at USD 106.02 on Pluang as of Nov 09, 2026 18:21 WIB, showing a modest 1.06% gain in the last day. The stock's market cap stands at $15.80 billion, reflecting significant investor interest despite margin pressures noted in the company's earnings. This trading activity complements the news of Nextpower's expanding revenue streams beyond solar trackers, highlighting ongoing growth potential in battery storage and inverter products.