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Equity · Technology
Nextpower Inc. (NXT) perpetual futures
NXT perpetual futures on 1 crypto exchange – live perp price vs the stock, funding rate, open interest and where to trade NXTUSDT.
Nextpower Inc. provides integrated solar tracker and software solutions for utility-scale and ground-mounted distributed generation solar projects, helping panels follow the sun to optimize plant performance.
$99.42+0.8%NASDAQ closed
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venue perp mark · Gate.io (NXT/USDT)
Auto: highest-volume live perp venueOpen in TradingView
Trading data
Perpetual market activity
1/1 live markets
Trading data
Perpetual market activity
Venues
1
Live markets
1/1
24h volume
$771
Open interest
$18.8K
Best liquidity
$1.7K
Gate.io
Tightest spread
+118.9 bps
Gate.io
Highest volume
$771
Gate.io
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $179.6M
OI / float
0.00%
Float $14.7B
Spot performance
1D+0.77%
5D-1.19%
1M+16.82%
6M-20.33%
YTD+15.47%
1Y-4.95%
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kNo sufficient depth · 0 of 1 venues absorb $10k
No fresh book data: Gate.io
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
NXTTightest spread
NXTHighest volume
NXTFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketNext catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2027-01-26
Revenue est. $1.05B · Updated 6h ago
No unusual perp activity right now.
Reference data
Market context
Reference data
Market context
NASDAQ
Extended-hours reference
Bid99
Ask103
Volume1,850
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 20274.78$4.4B+23%11
FY 20285.76$5.2B+46%12
FY 20296.97$6B+67%8
FY 20307.74$6.7B+87%3
FY 20318.43$7.1B+100%4
Q3 20281.58$1.4B+52%6
Source: FMP · Consensus
Company events
62027-01-26EarningsActual - / Estimate 0.99-
2026-10-28Earnings · After market closeActual 1.31 / Estimate 1.1Beat
2026-07-30EarningsActual 1.2 / Estimate 1.05Beat
2026-05-12EarningsActual 1.05 / Estimate 0.92Beat
2026-01-27EarningsActual 1.1 / Estimate 0.93Beat
2025-10-23EarningsActual 1.19 / Estimate 1.06Beat
Peer comparison
Similar listed perpsRevenue mix
Latest annualReportable SegmentProduct$3.6B
Analysts
Price targets in USD| Consensus rating | Buy |
|---|---|
| Average price target | $140.48 |
| Target range (low – high) | $101 – $179 |
| Ratings counted | 29 |
Analyst rating history
Ratings| Month | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| Nov 2026 | 7 | 20 | 3 | 0 | 1 |
| Oct 2026 | 7 | 19 | 3 | 0 | 0 |
| Sep 2026 | 7 | 19 | 3 | 0 | 0 |
| Aug 2026 | 6 | 19 | 4 | 0 | 1 |
| Jul 2026 | 6 | 19 | 5 | 1 | 1 |
| Jun 2026 | 6 | 15 | 5 | 1 | 1 |
| May 2026 | 6 | 15 | 5 | 1 | 0 |
| Apr 2026 | 6 | 16 | 5 | 1 | 0 |
| Mar 2026 | 6 | 16 | 5 | 1 | 0 |
| Feb 2026 | 6 | 16 | 5 | 1 | 0 |
| Jan 2026 | 6 | 17 | 6 | 1 | 1 |
| Dec 2025 | 6 | 15 | 6 | 0 | 1 |
Ownership
Institutional · 2026-Q2Free float97.1%148M shares
Shares outstanding152.5M shares
Institutional106%769 investors
Investor count change+30
Reference market activity
NXT-PERPDay range$97.24$102.29
52 week$75.41$163.13
Spot volume1.8M
Average volume-
Price performance
111D+0.8%
5D-1.2%
1M+16.8%
3M-4.1%
6M-20.3%
YTD+15.5%
1Y-5.0%
3Y+192.7%
5Y+224.4%
10Y+224.4%
MAX+224.4%
Insider activity
FY2026 Q4Acquisitions1 transactions2,547 shares
Dispositions0 transactions0 shares
Purchases0Ratio 0
Sales0
Insider transactions
25DateReporting persontransactionssharesPriceFilings
Nextpower Inc. director Slusser Sarah A received an award of 2,547 common shares at a $0.00 price on 2026-11-01, per Form 4 filed 2026-11-02, leaving 2,547 shares owned.
Nextpower Inc. director Slusser Sarah A filed a Form 3 on 2026-11-02 reporting an initial statement of holdings. The filing records one transaction line with 0 shares of common stock at $0.00, leaving 0 shares owned. No purchase, sale or award is reported.
Nextpower Inc. (NXT) CFO Charles D. Boynton sold 4,500 common shares at $79.98 on Sept 1, 2026, leaving 354,000 shares held, per a Form 4 filed Sept 2, 2026.
Nextpower Inc. director Blunden Julia reported two open-market sales (S-Sale) of Common Stock totaling 7,415 shares on Aug 21 and Aug 24, 2026, at prices of $84.101-$88.08.
Nextpower Inc. (NXT) director Thomas Brandi Elizabeth sold 7,415 common shares at $91.25 each on 2026-08-19, leaving 7,914 shares owned.
Director Karuturi Monica received a grant of 2,742 shares of Nextpower Inc. common stock on 2026-08-19, leaving 6,853 shares owned. An A-Award is compensation, not an open-market purchase.
Nextpower Inc. (NXT) director William D Watkins received a grant (A-Award) of 3,455 common shares at $0.00 on 2026-08-19, bringing his holding to 15,232 shares. This is compensation, not an open-market purchase.
Nextpower Inc. director Thomas Brandi Elizabeth received an award (A) of 2,742 shares of common stock on 2026-08-19, with 15,329 shares owned afterward.
Nextpower Inc. (NXT) director SHIH WILLY C received a grant of 2,742 shares of Common Stock on 2026-08-19, an award rather than an open-market purchase, bringing direct holdings to 52,698 shares.
Nextpower Inc. (NXT) director Menezes Mark received an award of 2,742 shares of common stock on 2026-08-19, bringing his holdings to 6,853 shares. The award was not an open-market purchase.
Nextpower director Jeffrey B. Guldner received an award of 2,742 common shares at $0.00 on 2026-08-19, bringing his holdings to 10,603 shares.
Director Blunden Julia received a grant of 2,742 shares of Nextpower Inc. common stock on 2026-08-19 under code A-Award, a compensation grant rather than an open-market purchase. She held 10,157 shares after the transaction.
Nextpower director and President Howard Wenger sold 11,176 common shares at $104.78 on Aug 11, 2026, leaving 419,868 shares owned.
Nextpower Inc. (NXT) CEO Daniel S. Shugar sold 67,636 common shares in 3 open-market transactions on 2026-08-10 at $102.39-$103.91, leaving 871,131 shares directly owned.
Nextpower Inc. director Julia Blunden sold 2,289 common shares at $97.22 on Aug 5, 2026, leaving 7,415 shares owned.
Nextpower Inc. (NXT) officer Wiedmann Lindsey Roon reported an award of 13,898 shares of Common Stock at $0.00 per share on 2026-07-20, leaving 13,898 shares owned. This is a grant/compensation, not an open-market purchase.
Nextpower Inc. (NXT) officer Wiedmann Lindsey Roon filed a Form 3 on 2026-07-20, an initial statement of beneficial ownership. No reportable transactions or share amounts were listed.
Nextpower officer Bruce Ledesma reported a June 18 exercise of 20,326 restricted stock units into 20,326 common shares, plus a June 22 other disposition of 10,436 common shares at $128.38. He held 249,439 shares after.
CEO Daniel S. Shugar reported exercising options on 57,165 common shares (Form M, $0.00) and a separate other disposition of 30,077 shares at $128.38 under code J. He held 938,767 shares after the two transactions.
Filings
35 · Latest SEC filings2026-11-024Insider transaction report (Form 4)
Nextpower Inc. director Slusser Sarah A received an award of 2,547 common shares at a $0.00 price on 2026-11-01, per Form 4 filed 2026-11-02, leaving 2,547 shares owned.
2026-11-023Initial insider ownership statement (Form 3)
Nextpower Inc. director Slusser Sarah A filed a Form 3 on 2026-11-02 reporting an initial statement of holdings. The filing records one transaction line with 0 shares of common stock at $0.00, leaving 0 shares owned. No purchase, sale or award is reported.
2026-09-024Insider transaction report (Form 4)
Nextpower Inc. (NXT) CFO Charles D. Boynton sold 4,500 common shares at $79.98 on Sept 1, 2026, leaving 354,000 shares held, per a Form 4 filed Sept 2, 2026.
2026-08-244Insider transaction report (Form 4)
Nextpower Inc. director Blunden Julia reported two open-market sales (S-Sale) of Common Stock totaling 7,415 shares on Aug 21 and Aug 24, 2026, at prices of $84.101-$88.08.
2026-08-204Insider transaction report (Form 4)
Nextpower Inc. (NXT) director Thomas Brandi Elizabeth sold 7,415 common shares at $91.25 each on 2026-08-19, leaving 7,914 shares owned.
2026-08-204Insider transaction report (Form 4)
Director Karuturi Monica received a grant of 2,742 shares of Nextpower Inc. common stock on 2026-08-19, leaving 6,853 shares owned. An A-Award is compensation, not an open-market purchase.
2026-08-194Insider transaction report (Form 4)
Nextpower Inc. (NXT) director William D Watkins received a grant (A-Award) of 3,455 common shares at $0.00 on 2026-08-19, bringing his holding to 15,232 shares. This is compensation, not an open-market purchase.
2026-08-194Insider transaction report (Form 4)
Nextpower director Jeffrey B. Guldner received an award of 2,742 common shares at $0.00 on 2026-08-19, bringing his holdings to 10,603 shares.
2026-08-194Insider transaction report (Form 4)
Director Blunden Julia received a grant of 2,742 shares of Nextpower Inc. common stock on 2026-08-19 under code A-Award, a compensation grant rather than an open-market purchase. She held 10,157 shares after the transaction.
2026-08-194Insider transaction report (Form 4)
Nextpower Inc. director Thomas Brandi Elizabeth received an award (A) of 2,742 shares of common stock on 2026-08-19, with 15,329 shares owned afterward.
2026-08-194Insider transaction report (Form 4)
Nextpower Inc. (NXT) director SHIH WILLY C received a grant of 2,742 shares of Common Stock on 2026-08-19, an award rather than an open-market purchase, bringing direct holdings to 52,698 shares.
2026-08-194Insider transaction report (Form 4)
Nextpower Inc. (NXT) director Menezes Mark received an award of 2,742 shares of common stock on 2026-08-19, bringing his holdings to 6,853 shares. The award was not an open-market purchase.
2026-08-124Insider transaction report (Form 4)
Nextpower director and President Howard Wenger sold 11,176 common shares at $104.78 on Aug 11, 2026, leaving 419,868 shares owned.
2026-08-114Insider transaction report (Form 4)
Nextpower Inc. (NXT) CEO Daniel S. Shugar sold 67,636 common shares in 3 open-market transactions on 2026-08-10 at $102.39-$103.91, leaving 871,131 shares directly owned.
2026-08-064Insider transaction report (Form 4)
Nextpower Inc. director Julia Blunden sold 2,289 common shares at $97.22 on Aug 5, 2026, leaving 7,415 shares owned.
2026-07-204Insider transaction report (Form 4)
Nextpower Inc. (NXT) officer Wiedmann Lindsey Roon reported an award of 13,898 shares of Common Stock at $0.00 per share on 2026-07-20, leaving 13,898 shares owned. This is a grant/compensation, not an open-market purchase.
2026-07-203Initial insider ownership statement (Form 3)
Nextpower Inc. (NXT) officer Wiedmann Lindsey Roon filed a Form 3 on 2026-07-20, an initial statement of beneficial ownership. No reportable transactions or share amounts were listed.
2026-06-234Insider transaction report (Form 4)
CEO Daniel S. Shugar reported exercising options on 57,165 common shares (Form M, $0.00) and a separate other disposition of 30,077 shares at $128.38 under code J. He held 938,767 shares after the two transactions.
2026-06-234Insider transaction report (Form 4)
Nextpower CAO Bennett David P converted 25,407 restricted stock units into common stock and disposed of 13,368 common shares at $128.38 in an other transaction.
2026-06-234Insider transaction report (Form 4)
Director Wenger Howard reported a 30,488-share exempt option exercise (common stock acquired) and a 16,041-share other disposition of common stock at $128.38.
2026-06-234Insider transaction report (Form 4)
Nextpower officer Bruce Ledesma reported a June 18 exercise of 20,326 restricted stock units into 20,326 common shares, plus a June 22 other disposition of 10,436 common shares at $128.38. He held 249,439 shares after.
Transcripts
Earnings callsFY2027 Q22026-10-28
Earnings calls
AI summary
positiveKey takeaways
- Record Q2 FY2027: revenue over $1.1 billion, up 23% year-over-year; adjusted EBITDA approximately $250 million, up 12% year-over-year
- Record quarterly bookings, well above book-to-bill of 1, grew backlog to over $6 billion; non-tracker bookings were greater than 20% of the quarter
- Energy storage delivered approximately $100 million of revenue and more than $20 million of adjusted EBITDA, including a behind-the-meter project for a Tier 1 hyperscaler AI data center
- eBOS bookings exceeded $100 million with PowerMerge a material portion, over 2 gigawatts of firm orders secured, and a 100% pass rate in post-installation testing
- Company raised FY2027 revenue, adjusted EBITDA, EPS and free cash flow outlook and will detail FY2028 and long-term strategy at its November 16 Capital Markets Day
Financial highlights
- Q2 revenue over $1.1 billion, up 23% year-over-year
- Q2 adjusted EBITDA approximately $250 million, up 12% year-over-year, a 23% adjusted EBITDA margin
- Adjusted free cash flow approximately $135 million for the quarter and $240 million year-to-date; over $1 billion of cash and no debt at quarter end
- Energy storage contributed approximately $100 million of revenue and more than $20 million of adjusted EBITDA; U.S. was approximately 82% of quarterly revenue
Guidance
- FY2027 revenue of $4.2 billion to $4.45 billion, adjusted EBITDA of $890 million to $940 million and adjusted diluted EPS of $4.61 to $4.87 per share
- FY2027 free cash flow estimate increased from $450 million to over $500 million
- Full-year adjusted gross margins in the low 30s and adjusted EBITDA margins in the low 20s; back half adjusted gross margin in the high 20s and adjusted EBITDA margin in the high teens
- Q3 revenue expected down sequentially from Q2 but up approximately 10% year-over-year, with second-half revenue weighted toward Q4; Zimmermann expected to contribute approximately $100 million of revenue and $10 million of adjusted EBITDA for the balance of the fiscal year
Q&A themes
- Backlog and bookings composition, including non-tracker contribution and Q3 momentum
- Margin drivers in the second half, including diesel, steel and freight inflation and new-product mix; FY2028 deferred to Capital Markets Day
- Zimmermann acquisition rationale, reduced consideration, revised outlook and European cross-sell opportunity
- Energy storage economics, hyperscaler/data center demand and long-term service agreement opportunity; inverter ramp timelines
Risks
- Significant cost increases in diesel, steel, freight and logistics are assumed to remain elevated in the back half and likely beyond fiscal 2027
- Lower back-half margins expected: adjusted gross margin in the high 20s and adjusted EBITDA margin in the high teens versus low 30s and low 20s for the full year
- Module pricing impact from Section 232 and tariffs expected to increase further in December, though management reported largely secured supply and no material permitting impact
Company news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.No articles from Reuters, WSJ, Bloomberg or FT for this company in our feed.
Company data
Company intelligence
Updated: Nov 2, 2026, 07:13 PM UTC
Company data
Company intelligence
Company profile
- Sector
- Energy
- Industry
- Solar
- Chief executive
- Daniel S. Shugar
- Employees
- 1,993
- IPO date
- Feb 9, 2023
- Country
- US
- Exchange
- NASDAQ
Altman Z-scorei5.42
Piotroski scorei4/9
Overall ratingiB+
Owner earningsi$138.15M$0.90 per share
ESG risk ratingiBIndustry rank: 1/2
Rating factors
- Return on equityi
- 5
- Return on assetsi
- 5
- Debt to equityi
- 1
- Price to earningsi
- 2
- Price to booki
- 1
Company press releases
Nextpower Reports Q2 Fiscal Year 2027 Financial ResultsBusiness WireNXT Energy Solutions Provides Operational UpdateAccesswireNextpower to Hold Capital Markets Day on November 16, 2026Business WireNextpower to Announce Second Quarter Fiscal 2027 Financial Results on October 28, 2026Business WireNextpower Releases Fiscal Year 2026 Sustainability Report, Highlights SBTi Validation and 12% Reduction in Scope 3 Emissions IntensityBusiness WireNextpower Awarded U.S. Patent for NX PowerMerge Solar Trunk Bus Technology, Expands NX PowerMerge Backlog to Over 2 GWBusiness Wire
Market cap history
$14.03B+2.6%Aug 26 – Nov 26
Latest: $14.03B · 2026-11-02High: $15.52B · 2026-08-10Low: $11.59B · 2026-10-26
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| IJH | 0.35% | 5.5M |
| XAW.TO | 0.01% | 5.5M |
| NJH | 0.54% | 5M |
| VTI | 0.02% | 4.6M |
| NJM | 0.63% | 3.4M |
| AIRR | 3.12% | 3.3M |
| VB | 0.14% | 3.2M |
| FOCKX | 0.51% | 3M |
| INRA.L | 8.04% | 3M |
| VHCAX | 0.67% | 2.7M |
| FNITX | 0.6% | 2.1M |
| ICLN | 8.04% | 2M |
Analyst track record
How the analysts covering NXT have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 155 | 390 |
| Analysts | 29 | 40 |
| Buy / hold / sell | 127 / 28 / 0 | 316 / 74 / 0 |
| Upgrades / downgrades / initiations | 5 / 0 / 7 | 13 / 7 / 22 |
| Price targets hit / missed | 16 / 128 (11%) | 227 / 137 (62%) |
| Avg. return after a rating (TipRanks) | -16.9% | +35.0% |
| Best / worst call | +40.4% / -40.7% | +160.2% / -40.7% |
After buy calls on this stock: median 21-day move -1.4% vs S&P 500 -5.5% (n = 307)
Most accurate on this stock
Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.
- Dimple GosaiPiper Sandler100% hit rate on this stock · 13 targets measuredBuytarget $115Nov 9, 2026
- Julien Dumoulin SmithJefferies100% hit rate on this stock · 10 targets measuredBuytarget $115Oct 16, 2026
- Christine Cho CFABarclays100% hit rate on this stock · 9 targets measuredBuytarget $146Oct 30, 2026
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Nov 10, 2026 | Vikram BagriCitiNov 10, 2026 | BuyMaintained | $126↗ | article ↗ |
| Nov 9, 2026 | Dimple GosaiPiper SandlerNov 9, 2026 | BuyReiterated | $115↗ | article ↗ |
| Nov 5, 2026 | Derek SoderbergCantor FitzgeraldNov 5, 2026 | BuyMaintained | $125↗ | article ↗ |
| Nov 3, 2026 | Gordon JohnsonGLJ ResearchNov 3, 2026 | BuyMaintained | $158↗ | article ↗ |
| Oct 30, 2026 | Praneeth SatishWells FargoOct 30, 2026 | BuyMaintained | $125↗ | article ↗ |
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data · computed Nov 10, 2026 · 155 ratings
Frequently asked questions
Where can I trade NXT perpetual futures?
Nextpower Inc. (NXT) perpetual futures trade on one crypto venue: Gate.io. PerpEquities shows its live price, funding rate, open interest and liquidity.
Can I trade NXT around the clock?
Yes. Unlike the underlying stock, NXT perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on NXT perpetuals?
Right now the NXT perp funding rate is 0.0% annualized (one venue). A positive rate means longs pay shorts. PerpEquities shows the live rate and its history.
How does the NXT perp price compare to the Nextpower Inc. stock?
The venue-median NXT perp mark is $99.4 versus a reference stock price of $99.4, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.
What is a NXT perpetual future?
A NXT perpetual is a derivative that tracks the price of Nextpower Inc. with no expiry date. It lets you take long or short exposure to Nextpower Inc. on crypto venues, around the clock.
What is NXTUSDT perpetual?
NXTUSDT is the symbol most crypto exchanges use for the Nextpower Inc. perpetual settled in USDT (Tether). It tracks the NXT share price through an index, trades 24/7 with leverage and never expires.
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