By Connor Hart

Shares of Nextpower were higher after the company raised its outlook for the year, citing strong recent bookings, and logged a jump in profit and revenue during its fiscal third quarter.

The stock gained 12% to $118.48 in premarket trading Wednesday. Through Tuesday's close, shares have more than doubled over the past year.

Nextpower, which provides power-generation systems for solar power plants, late Tuesday said it now expects to post full-year earnings of $3.43 to $3.53 a share, or $4.26 to $4.36 a share on an adjusted basis. That is up from a prior outlook for earnings of $3.26 to $3.46 a share, or adjusted earnings of $4.04 to $4.25 a share.

Revenue is now projected to come in between $3.43 billion and $3.5 billion, compared with a prior view for $3.28 billion to $3.48 billion.

Analysts surveyed by FactSet are expecting 2026 earnings of $3.52 a share, adjusted earnings of $4.24 a share and revenue of $3.45 billion.

Chief Executive Dan Shugar said consumers have responded positively to the company's expanded product offerings and rebrand, and that demand remains robust across both the U.S. and international markets.

For its three months ended Dec. 31, Nextpower posted a profit of $131.2 million, or 85 cents a share, compared with $117.3 million, or 79 cents a share, a year earlier.

Stripping out certain one-time items, earnings were $1.10 a share. Analysts were looking for adjusted earnings of 93 cents a share.

Revenue jumped 34% to $909.4 million, ahead of the $815.3 million that Wall Street had modeled.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

January 28, 2026 08:35 ET (13:35 GMT)

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