Nextpower (NXT) Q3 Performance Highlights Accelerated U.S. Operations, BMO Retains Market Perform

Nextpower Inc. (NASDAQ:NXT) ranks among the best sustainability stocks to invest in. On January 28, BMO Capital increased Nextpower Inc. (NASDAQ:NXT)’s price target to $104 from $93 while keeping a Market Perform rating on the company’s shares. The hike followed Nextpower’s third-quarter earnings, which BMO reported were “well ahead of consensus” forecasts. The company generated EBITDA of $214 million, 19% above expectations, driven by increased demand in the US. Nextpower Inc. (NASDAQ:NXT) also boosted its fiscal year 2026 forecasts, bringing it closer to BMO’s higher-than-expected estimates.

BMO attributed the solid performance to accelerated U.S. operations during the quarter. Moreover, the company’s 2027 projection remained unchanged, as expected by BMO. Nextpower’s backlog and orders continue hinting at a book-to-bill ratio of more than 1.0x, including ongoing Saudi partnerships and projects.

Nextpower Inc. (NASDAQ:NXT) is a California-based company that provides solar tracker technologies and solutions. The company’s core offerings include NX Horizon, NX Horizon-XTR, NX Horizon Hail Pro, NX Horizon Low Carbon, and TrueCapture.

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Disclosure: None. This article is originally published at Insider Monkey.