Nextracker Rebrands as Nextpower, Expands into Integrated Power Technology Solutions
Mumbai: Nextracker Inc. (Nasdaq: NXT), the global leader in solar tracking, has announced its rebranding to Nextpower™, marking a strategic transformation into a full-spectrum energy technology company. The new identity reflects its evolution into a provider of integrated structural, electrical, and digital solutions for utility-scale solar power plants.
As part of its expanded platform, Nextpower unveiled plans to launch a new line of utility-scale power conversion systems (PCS), with initial shipments expected in 2026. The company’s portfolio now spans trackers, foundations, eBOS, module frames, robotics, software, and control systems—engineered to optimize performance across the solar lifecycle.
“Our customers want integrated solutions that install faster and perform better,” said Dan Shugar, Founder and CEO. “Nextpower is built to meet the scale and complexity of today’s clean energy systems.”
The rebranding was announced during the company’s Capital Markets Day, where Nextpower reaffirmed its FY26 outlook and projected $4.8–$5.6 billion in revenue by FY30, with one-third expected from non-tracker products and services.
“Our financial targets reflect confidence in our growth trajectory and disciplined execution,” said Chuck Boynton, CFO.
The move comes amid surging global electricity demand, driven by AI, data centers, electric mobility, and building electrification. Solar remains the fastest-growing and lowest-cost source of new power generation, with Nextpower investing heavily in localized supply chains across steel, electronics, and components.
Nextpower will retain its Nasdaq ticker NXT and continue under the same leadership team. With over 150 GW of systems shipped globally and 10 consecutive years as the top tracker provider, the company is now positioned to lead the next phase of clean energy innovation.
