Nextracker, a global leader in solar tracking technology, has rebranded as Nextpower, signalling its evolution into a full-platform provider of integrated energy solutions.
Headquartered in the United States, the company has been a dominant force in Australia’s utility-scale solar market, with more than 6 gigawatts (GW) of installed tracker systems by May 2023 – representing roughly half of the national market.
The rebrand from Nextracker to Nextpower reflects a strategic transformation from a pure tracker manufacturer to a provider of connected structural, electrical and digital technologies for large-scale solar plants.
Nextpower has also announced the development of a utility-scale power conversion systems line, with first shipments expected in 2026, expanding its footprint beyond trackers.
“Our customers want coherent, integrated solutions that install faster, perform better, and operate more reliably,” said Dan Shugar, Founder and CEO at Nextpower.
At its Capital Markets Day, the company unveiled a FY27 outlook and an ambitious FY30 revenue target of USD $4.8-5.6 billion, with around one-third expected from non-tracker products and services. The corporate name change to Nextpower Inc. retains its Nasdaq ticker, NXT, and current leadership team.
“We expect to deliver continued growth, expand cash generation and maintain strong margins through disciplined execution,” said Chuck Boynton, CFO at Nextpower.
With over 150 GW shipped globally and ten consecutive years as the world’s leading solar tracker supplier, Nextpower is striving to redefine how utility-scale solar assets are built and optimised worldwide.