earnings
confidence high
sentiment positive
materiality 0.85
Nextracker Q1 FY25 revenue $720M (+50% YoY), GAAP EPS $0.84; acquires Ojjo ($120M) and Solar Pile ($48M)
Nextpower Inc.
2025-Q1 EPS reported
$0.84
revenue$719,921,000
- Revenue $720M, up 50% YoY from $480M; GAAP net income $125M (EPS $0.84).
- Adjusted diluted EPS $0.93 vs $0.48 YoY; reaffirms FY25 outlook: rev $2.8-2.9B, adj EPS $2.89-3.09.
- Acquired Ojjo Inc. for ~$120M (June 20) and Solar Pile Intl foundations for ~$48M (July 31) to add foundation solutions.
- Expanded revolver from $500M to $1B on June 21; total liquidity over $1.4B.
- Launched NX Horizon Low Carbon Tracker and agrivoltaics; expanded US manufacturing with partners.