Fundsmith Equity Fund adds NXT to its portfolio, citing 20-30% energy yield gains and $365m battery acquisition for data center expansion.
Nextpower Inc. (NASDAQ:NXT) closed at $89.87 on July 31, 2026, reflecting a $13.80 billion market capitalization. The stock rose 59.61% over the past year but fell 21.87% in the last month.
The company’s solar tracking systems boost energy yields by 20-30% compared to fixed panels, driven by proprietary software and low-cost manufacturing. A $365m acquisition of battery maker Prevalon Energy in May 2026 targets data center-adjacent clean energy demand.
Fundsmith Equity Fund highlighted NXT’s 50% return on invested capital and 3.2% free cash flow yield in its Q2 2026 investor letter.