Nextpower Inc. (NASDAQ:NXT) shares rose in premarket trading Wednesday after the company reported fourth-quarter results that topped Wall Street estimates, raised its fiscal 2027 revenue outlook and announced an acquisition aimed at expanding its power conversion and energy…
frastructure business. Earnings Beat Expectations Nextpower reported adjusted earnings of $1.05 per share, ahead of analysts’ estimates of 92 cents, according to Benzinga Pro data
Quarterly revenue increased to $881 million, surpassing the consensus estimate of $827 million. The company said its Middle East joint venture reduced reported revenue by about 300 basis points because the venture is not consolidated into its financial statements. The company ended the quarter with approximately $1.1 billion in cash and cash equivalents and no debt.
Guidance And Growth Outlook For fiscal 2027, Nextpower projected adjusted earnings of $4.21 to $4.59 per share, compared with analysts’ expectations of $4.76 per share. The company raised its fiscal 2027 revenue guidance to a range of $3.8 billion to $4.1 billion, up from its prior outlook and roughly in line with the consensus estimate of $3.92 billion. Nextpower said it expects revenue to remain weighted toward the U.S. market, with high-70% range coming from domestic operations and low-20% range from international markets.