NXT · Nextpower Inc.

FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower™ (Nasdaq: NXT), a leading provider of clean power technology solutions, today announced that the U.S. Patent and Trademark Office has issued U.S. patent number 12,712,292, which covers its NX PowerMerge™ electrical balance of systems (eBOS) solution. This patent expands Nextpower’s intellectual property in a critical layer of utility-scale solar power plants. The company also announced a significant project award from BUILD Renewables increasing Nextpower’s NX PowerMerge backlog to over 2 GW. Nextpower awarded U.S. patent for NX PowerMerge solar trunk connector technology “BUILD Renewables is excited to be partnering with Nextpower on their NX PowerMerge eBOS product, which provides exemplary safety, installation velocity, and performance features. We also appreciate the integrated design with the tracker and other solar power plant components,” said Craig Sandeen, president and CEO of BUILD Renewables. In utility-scale solar plants, DC collection systems connect power from multiple solar panel strings to larger trunk conductors across thousands of locations. NX PowerMerge combines controlled manufacturing quality and reliability at critical electrical interfaces with superior field flexibility during installation. "What we consistently hear from customers is that NX PowerMerge sets a new bar for robust field-installed design,” said Ryan Schofield, vice president, electrical – eBOS at Nextpower. “They point to the single trunk cable connection point and an installation tool that verifies pressure every time, so there is no more guesswork in the field. The connector body is universal across trunk cable sizes, giving EPC teams the flexibility to handle design changes as projects evolve. This patent recognizes these innovations, and with demand already exceeding 2 GW, our customers are validating the value it brings to solar installation.” With NX PowerMerge, the Nextpower eBOS portfolio includes both trunk bus and combiner box DC collection methods. Delivering both architectures from a single technology partner enables utility-scale solar owners, developers, and EPCs to select the DC collection approach best suited to each project. To learn more about Nextpower’s eBOS portfolio, including trunk bus solutions with NX PowerMerge, combiner box solutions, and project-specific DC collection architecture support, visit www.nextpower.com/products/ebos . For additional eBOS market insight, read this recent Q&A with Ryan Schofield on the Nextpower blog. About Nextpower Nextpower™ (Nasdaq: NXT) innovates and delivers integrated technology solutions for modern energy infrastructure. Its solar and energy storage platforms help customers design, build, and operate utility-scale power plants and other critical power applications with faster project deployment, improved system performance, greater reliability, and long-term operational value. Building on more than a decade of energy technology and market leadership, Nextpower partners with customers worldwide to scale and accelerate the deployment of reliable firm power needed for a rapidly electrifying world. Learn more at www.nextpower.com . Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including: statements regarding the expansion of NX PowerMerge backlog; statements regarding the anticipated benefits of the NX PowerMerge issued patent; statements discussing the potential benefits from the announced NX PowerMerge eBOS order by BUILD renewables; statements describing the quality and reliability of the NX PowerMerge manufacturing quality, design and field flexibility at installation; and statements regarding the momentum of Nextpower’s eBOS business. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including, but not limited to: the market demand for products,

Acquisition adds experienced power conversion team and modular solutions for utility-scale solar and energy storage applications FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower™ (Nasdaq: NXT), a leading provider of clean power technology solutions, today announced the completion of its previously announced acquisition of complementary assets of Zigor Corporation’s power conversion business and its U.S.-based subsidiary, Apex Power. This acquisition expands Nextpower’s power technology platform, including UL-certified central inverters for utility-scale solar and energy storage projects in the United States and IEC certified products for Europe and rest of world. The acquisition adds proprietary inverter technology, established supply chain capabilities, and global engineering talent in the U.S. and Spain with hundreds of years of combined power conversion experience. Nextpower's power conversion solutions combine modular technology and a field-serviceable design to support reliable long-term operation. “Reliable power conversion is fundamental to modern energy infrastructure, and customers are looking for solutions designed for long-term reliability and serviceability at utility scale,” said Dan Shugar, founder and CEO of Nextpower. “We are excited to welcome this highly experienced team of experts and market-ready technology engineered for superior reliability and availability, core attributes in keeping with Nextpower’s proven track record of successful project execution and long-term performance optimization.” Unlike conventional inverter architectures that often require specialized tools or factory repairs, Nextpower's modular platform was designed around field serviceability, helping owners restore systems more quickly and maximize uptime long-term. Nextpower’s utility-scale central inverters are now commercially available in the U.S. market with full UL certification. “UL certification is an important step to bringing our power conversion solutions to customers in the U.S. at scale,” said Jacob Marshall, vice president and general manager, power conversion, Nextpower. “We designed our central inverter platform around the needs of utility-scale owners and EPCs with a modular architecture that simplifies maintenance, reduces downtime, and supports long-term performance. Field replaceable power modules using standard components and tools gives owners more flexibility and control over maintenance and repair throughout the life of the system.” The Nextpower power conversion product portfolio offers central inverter solutions and modular configurations up to 5.2 MVA designed for utility-scale solar and energy storage applications, with communication exclusively via a hard-wired, cyber-secure site-level optical fiber network. The Company is accelerating its U.S. manufacturing buildout across multiple locations, with deliveries ramping in early 2027 and over 10 GW of capacity expected to be online within twelve months. To learn more about Nextpower’s power conversion solutions, visit nextpower.com/products/power-conversion or email [email protected] . About Nextpower Nextpower™ (Nasdaq: NXT) innovates and delivers integrated technology solutions for modern energy infrastructure. Its solar and energy storage platforms help customers design, build, and operate utility-scale power plants and other critical power applications with faster project deployment, improved system performance, greater reliability, and long-term operational value. Building on more than a decade of energy technology and market leadership, Nextpower partners with customers worldwide to scale and accelerate the deployment of reliable firm power needed for a rapidly electrifying world. Learn more at www.nextpower.com . Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, statements regarding: the acquisition of assets

Record quarterly revenue and backlog driven by strong customer demand and disciplined execution; continued expansion of power technology platform FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower™ (Nasdaq: NXT), a leading provider of clean power technology solutions, today announced financial results for the first quarter for fiscal year 2027, ended July 3, 2026. Financial Summary (In millions, except per share) Q1 FY27 Q4 FY26 Q1 FY26 Revenue $935 $881 $864 GAAP Gross Profit $336 $297 $282 GAAP Gross Margin 35.9 % 33.8 % 32.6 % GAAP Net Income $165 $151 $157 GAAP Net Income Margin 17.7 % 17.1 % 18.2 % GAAP Diluted EPS $1.07 $0.97 $1.04 Adjusted Gross Profit $342 $304 $285 Adjusted Gross Margin 36.6 % 34.5 % 33.0 % Adjusted EBITDA $233 $202 $215 Adjusted EBITDA Margin 24.9 % 22.9 % 24.9 % Adjusted Net Income $186 $162 $176 Adjusted Diluted EPS $1.20 $1.05 $1.16 Q1 FY27, Q4 FY26, and Q1 FY26 results include approximately $99 million, $47 million, and $82 million, respectively, of IRA 45X advanced manufacturing tax credit vendor rebates and tariffs, net. Please refer to Nextpower’s most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K for more information on schedules III, IV and V attached to this press release for a reconciliation of non-GAAP to GAAP financial measures. Additional information can be found on the Investor Relations section of our website. Business Highlights Grew backlog to more than $5.5 billion, reflecting strong customer demand and bookings momentum across core tracker products and accelerating growth in complementary platform technologies. Prevalon, closed in July 2026, adds incremental backlog significantly above $300 million. Expanded Nextpower’s clean power technology platform through acquisition of the Prevalon energy storage business as well as Apex Power and key assets of Zigor Corporation’s inverter business. Also announced an agreement to acquire Zimmermann PV-Steel Group to expand Nextpower’s European footprint and product portfolio. Delivered record quarterly eBOS bookings, with eBOS revenue on track to exceed well over $100 million for the year, achieved UL certification of NX PowerMerge™ and grew cumulative PowerMerge bookings to over 850 MW. Expanded the company’s #1 U.S. and global tracker market shares, according to Wood Mackenzie, while expanding Nextpower’s global project footprint to over 50 countries. “Nextpower delivered record quarterly revenue and backlog, with strong bookings momentum across our business,” said Dan Shugar, CEO and founder of Nextpower. “These results confirm that customers are responding positively to our expanding clean power technology platform, including strong adoption of eBOS and growing traction across the broader product portfolio. With the recent addition of power conversion and energy storage product lines, we believe Nextpower is positioned to deliver even more value to customers as they generate, store, control, and deliver reliable power at scale. Our team remains focused on enhanced customer value, operational excellence, and disciplined growth.” “This quarter’s financial performance and strong cash generation reinforce the durability of our business model and the execution of our operating platform,” said Chuck Boynton, CFO of Nextpower. “We remain focused on disciplined capital allocation maintaining a strong balance sheet, and investing in capabilities that complement our core business, deepen customer relationships, and drive long-term profitable growth.” FY2027 Annual Outlook Updated Outlook Previous Outlook Revenue $4.1 to $4.4 billion $4.0 to $4.4 billion GAAP Net Income $540 to $573 million $507 to $573 million GAAP Diluted EPS $3.42 to $3.64 $3.22 to $3.64 Adjusted EBITDA $870 to $930 million $845 to $930 million Adjusted Diluted EPS $4.42 to $4.73 $4.30 to $4.73 Updated outlook includes planned incremental costs of approximately $50 million related to the acceleration of our entry into the power conversion market. Adjusted EB

Expands Nextpower's integrated energy technology platform to support grid-connected storage, hybrid power, and AI data center applications FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower ™ (Nasdaq: NXT), a leading provider of integrated energy technology solutions, today announced it has completed its previously announced acquisition of Prevalon Energy, a U.S.-headquartered provider of large-scale battery energy storage systems (BESS), power stabilization solutions, and lifecycle services. A 50 MW 250 MWh solar + storage and grid firming project in the Atacama Region of Chile This acquisition marks another milestone in Nextpower’s strategy to provide end-to-end solutions spanning power plant design, deployment, optimization, and long-term operations. With the addition of energy storage, Nextpower’s integrated platform extends beyond solar with a proven portfolio of BESS, energy management software, and power control technologies and lifecycle services supporting grid-connected storage, hybrid power plants, AI data center infrastructure, and other critical power applications. The business brings a proven track record with more than 6 GWh of energy storage systems deployed worldwide. “We are very pleased to welcome the talented Prevalon team to Nextpower. The team will continue to be run by Tom Cornell, who led Prevalon as CEO since its founding,” said Dan Shugar, founder and CEO of Nextpower. “Reliable energy storage is foundational to designing, building, and operating critical energy infrastructure. The addition of Prevalon expands our ability to serve utility-scale customers and data centers with a broader portfolio of proven technologies from a trusted, bankable partner. It also provides Nextpower with a significant foothold in one of the fastest growing segments of the global power industry. "As demand for electricity accelerates, utilities, power producers, data center developers, and grid operators need accountable, bankable partners that can deliver reliable, dispatchable power at unprecedented scale and speed. With our customer-centric approach, reputation for high-quality execution, and proven ability to rapidly scale, Nextpower is uniquely positioned to serve both continued growth of utility-scale solar and the rapidly growing energy storage market.” To learn more about Nextpower's energy storage solutions, visit www.nextpower.com/products/energy-storage or email [email protected] . A replay of Nextpower’s recent analyst and investor conference call discussing the acquisition is available for additional insight. Inducement Awards In connection with the closing of the acquisition of Prevalon Energy, Nextpower also announced today the grant of inducement awards (the “Inducement Awards”) to former Prevalon employees as a material inducement to commencing employment with Nextpower following the transaction. The Inducement Awards consist of an aggregate of 810,733 performance-based restricted stock units (“PSUs”) and up to 375,000 service-based restricted stock units (“RSUs”), in each case with respect to Nextpower’s Class A common stock. The RSUs vest in equal annual installments on each of the first four anniversaries of the closing date, subject generally to the employee’s continued employment through the applicable vesting date. The PSUs will be earned and vest between 0% and 100% based on the level of Prevalon’s achievement of a gross profit performance goal measured from April 1, 2026 to March 31, 2030, subject generally to the employee’s continued employment through the last day of the performance period. The Inducement Awards were granted in accordance with Nasdaq Listing Rule 5635(c)(4) and were unanimously approved by the Compensation and People Committee of the Board of Directors of Nextpower, which is comprised solely of independent directors under Nasdaq Listing Rules. While the Inducement Awards were granted outside of Nextpower’s Second Amended and Restated 2022 Equity Incentive Plan, the awards

FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower (Nasdaq: NXT) will announce its first quarter fiscal 2027 financial results after the market closes on Thursday, July 30, 2026. The company will hold a conference call to discuss the results on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Q1 FY2027 Earnings Call July 30, 2026 2:00 p.m. PT / 5:00 p.m. ET Live webcast available on investors.nextpower.com The webcast replay, along with supporting materials, will be available on the Nextpower IR website following the conclusion of the event. About Nextpower Nextpower™ (Nasdaq: NXT) designs, engineers, and delivers an advanced energy technology platform for solar power plants, innovating across structural, electrical, and digital domains. Its integrated solutions streamline project execution, increase energy yield and long-term reliability, and enhance customer ROI. Building on over a decade of technology and market leadership, Nextpower partners with leading energy companies worldwide to meet rapidly expanding global electricity demand. Learn more at www.nextpower.com . Investor Contact: Sarah Lee [email protected] Media Contact: Brandy Lee [email protected] Source: Nextpower

Extends addressable market with four new product lines, expanding reach across 15 additional countries, and access to large, legacy customer base Strong, established go-to-market channels expected to facilitate incremental demand for Nextpower product portfolio including trackers, eBOS, PCS, and BESS Business expected to contribute approximately €300 million in revenue and €45 million of adjusted EBITDA on an annual run-rate basis following transaction close, and is expected to be accretive MUNICH--(BUSINESS WIRE)-- INTERSOLAR EUROPE 2026 — Nextpower ™ (Nasdaq: NXT), a leading provider of solar and power technology solutions, today announced it has entered into a definitive agreement to acquire Zimmermann PV-Steel Group, a Germany-based solar technology provider with more than 20 gigawatts (GW) deployed and deep market presence in Germany, one of Europe’s largest solar markets. Built on steep slopes and engineered for heavy snow loads, the Osterberg solar project in Germany demonstrates fixed-tilt systems highly complementary to Nextpower's solar technology portfolio. Zimmermann was founded in 1950 and expanded into the solar industry in 2009, delivering more than 2,500 solar projects across 58 countries. By broadening its product portfolio and deepening its regional presence, this acquisition will accelerate Nextpower’s ability to deliver world-class support and comprehensive solutions to solar developers and EPC customers across Europe. The total consideration for the transaction is comprised of cash and stock of up to €330 million, or approximately $378 million based on exchange rates as of June 20, 2026, and is subject to customary closing conditions including required regulatory review. The transaction is expected to close in the second half of Nextpower’s fiscal 2027. “This transaction represents the next chapter for Nextpower internationally,” said Dan Shugar, founder and CEO of Nextpower. “With Zimmermann, we will significantly expand our product platform and add complementary market presence and supply chain capability in Europe and beyond. Zimmermann’s structural solutions, including fixed tilt, carports, high-density trackers, innovative agriPV solutions, and floating PV will expand our European portfolio to support a broader range of land-use, permitting requirements, and regional use cases. We see a clear opportunity to combine Zimmermann’s strong product engineering and execution capabilities with Nextpower’s bankability and complete product platform to better meet the needs of customers in Europe and accelerate profitable international growth.” “Zimmermann has built its business by staying customer-focused and delivering high-quality engineered solutions for specific project needs,” said Robert Zimmermann, owner and CEO, Zimmermann. “In Nextpower, we see a partner with highly complementary technologies, geographic fo

New two-in-portrait (2P) tracker system and innovative integrated foundation solution address comprehensive range of site and land-use requirements FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower™ (Nasdaq: NXT), a leading provider of solar and power technology solutions for utility-scale power plants, today announced the global launch of its reimagined NX Gemini™ two-in-portrait (2P) solar tracker system. The launch is part of a broader expansion of Nextpower’s solar solutions portfolio in Europe, which includes NX Anchor™, an integrated foundation system co-engineered for the company’s flagship NX Horizon ® 1P tracker. Nextpower integrated solar tracking systems deployed at Greece’s landmark Ptolemaida Solar Park. Watch video to learn more. As Europe and other global markets accelerate toward ambitious renewable energy goals, developers and EPCs are navigating evolving permitting frameworks, land-use priorities, site suitability requirements, agrivoltaics (agriPV) applications, and long-term performance needs. Nextpower is expanding its platform to help support this next phase of solar development in Europe with high-density tracker systems, integrated foundations, and intelligent controls that address increasingly site-specific project needs. “European solar projects are becoming more specialized, and customers need more flexibility in how projects are designed and built,” said Yves Figuerola, general manager, Nextpower Europe. “We are excited to bring our foundation solutions and a differentiated 2P tracker system to our customers in Europe where site and soil conditions can be challenging. These offerings are designed to provide a comprehensive solution set with more flexibility to help improve efficiency and reduce construction risk, while bringing Nextpower’s proven controls and software platform to more project configurations.” With over 160 GW deployed globally and a growing European footprint, Nextpower continues to invest in integrated solutions and broaden its product portfolio to streamline project execution and expand sites where solar can be built and operated reliably at scale. Building on five years of operational experience with 2P tracker technology, the reimagined NX Gemini system is designed to deliver improved performance, constructability, and cost effectiveness for customers. The system incorporates advancements in Nextpower’s proven tracker controls and software architecture, enabling row-level control, network communications, weather response, and centralized site intelligence. Engineered for Europe’s variable geotechnical conditions, the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnextpower.com%2Fproducts%2Ffoundations%2Fnx-anchor&esheet=54555756&newsitemid=202606161233

FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower™ (Nasdaq: NXT), a leading provider of solar and power technology solutions for utility-scale power plants, today announced that it has filed a patent infringement lawsuit against GameChange Solar in the United States District Court for the District of Delaware. Nextpower’s lawsuit charges GameChange with infringing three patents related to the company’s proprietary self-powered solar tracker technology and TrueCapture™ energy management control system, based on GameChange’s sales of its Genius Tracker systems and associated software. “Nextpower invests heavily in the development of our best-in-class solar tracker products, and we treat intellectual property very seriously,” said Dan Shugar, founder and CEO of Nextpower. “We respect legitimate competition, but we will vigorously defend our patent rights in all global markets in which we conduct business.” Nextpower’s lawsuit seeks remedies available under U.S. patent law, including injunctive relief and monetary damages. About Nextpower Nextpower™ (Nasdaq: NXT) designs, engineers, and delivers an advanced energy technology platform for solar power plants, innovating across structural, electrical, and digital domains. Our integrated solutions are designed to streamline project execution, increase energy yield and long-term reliability, and enhance customer ROI. Building on over a decade of technology and market leadership, the company delivers intelligent power generation systems and services to meet rapidly expanding global electricity demand. Nextpower partners with the world’s leading energy companies to power what’s next. Learn more at www.nextpower.com. Investor Relations Contact Sarah Lee [email protected] Media Contact Brandy Lee [email protected] Source: Nextpower

Acquisition is expected to extend Nextpower’s solar power technology platform with the integration of BESS and energy management software Expands market opportunity for energy infrastructure to serve the utility grid, AI data centers, and industrial power systems Prevalon has over 6 GWh of BESS systems deployed globally and 1.3 GW of firm supply contracts supporting AI and hyperscaler data center infrastructure deployments Transaction expected to be accretive to FY27 financial outlook FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower™ (Nasdaq: NXT), a leading provider of solar and power technology solutions for utility-scale power plants, today announced it has entered into a definitive agreement to acquire Prevalon Energy, a U.S.-headquartered joint venture between Mitsubishi Power Americas and EES, for total consideration of up to $365 million, not including cash to be acquired, comprising cash and stock. Closing of the transaction is subject to customary closing conditions, including antitrust regulatory review. Featured technology: Prevalon Energy's Hybrid Power Stabilizer (HPS) at an AI data center The acquisition is expected to extend Nextpower’s technology platform across BESS and intelligent controls for critical power infrastructure. The Company projects that the global demand for BESS outside China could represent an opportunity of up to $35 billion by 2030, with the U.S. comprising up to $15 billion. In connection with the transaction, Nextpower is raising its fiscal year 2027 outlook, which assumes the successful closing of the transaction. Nextpower now expects fiscal 2027 revenue of approximately $4.0 billion to $4.4 billion, compared to its prior outlook of $3.8 billion to $4.1 billion, and adjusted EBITDA of approximately $845 million to $930 million, compared to its prior outlook of $825 million to $900 million. Nextpower will provide additional details on its updated outlook during an investor conference call later today. “Prevalon was the perfect choice for Nextpower to expand into BESS,” said Markus Wilhelm, founder and CEO of Strata Energy. “Both companies are technology focused and understand power, utilities, and complex use cases for customers. Prevalon’s BESS hardware and software platform solves challenging problems for utility-connected and self-powered AI data centers, including inertia support, grid stabilization, contingency management, and GPU AI workload smoothing. This is a differentiated, competitive advantage that Nextpower’s customers will value.” Strata was one of the early movers in BESS, delivering over a dozen utility-scale BESS projects since 2018. “Many of our customers have rapidly expanded their storage programs and asked us to extend Nextpower’s platform into power conversion and BESS to deliver fully integrated firm power soluti

Acquisition to accelerate Company’s entry into power conversion market with complementary IP and planned U.S. manufacturing footprint FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower™ , a leading provider of intelligent power generation systems for solar power plants, today announced it has entered into a definitive agreement to acquire complementary assets of Zigor Corporation’s power conversion business and its U.S.-based subsidiary, Apex Power. Once complete, the transaction will expand Nextpower’s product portfolio and capabilities in utility-scale solar power conversion and support its entry into battery energy storage and data center markets. Nextpower advances its power conversion platform, expanding into a critical layer of power plant architecture “With this acquisition, Nextpower will launch a comprehensive inverter offering in response to strong customer requests for reliable, high-quality power conversion solutions rounding out our integrated platform,” said Dan Shugar, founder and CEO of Nextpower. “We will be in market with products for solar, storage, and data centers, and building out U.S. manufacturing as quickly as is prudent. Initial customer demand is promising and we look forward to welcoming the legacy Apex Power and Zigor team members to Nextpower once the transaction closes.” This acquisition will include modular, field-deployed inverter technology, and experienced engineering talent. The product technology is suitable for new battery storage and solar inverter applications at 1500V, repowering applications at 600V and 1000V, and is 2000V ready. The modular skid design can be configured up to 5.2 MVA. The transaction is expected to enable rapid scale-up of inverter manufacturing capacity in the U.S. with a production ramp expected to begin in 2027. It also supports closer integration of power electronics with Nextpower’s leading solar trackers, electrical balance of systems (eBOS), and broader technology platform. This integration can help improve overall system performance, reduce procurement complexity, and enable faster, more efficient project design and deployment. Intelligent power conversion systems are increasingly utilized in advanced grid infrastructure, including battery storage and energy supply systems designed to support complex large loads such as AI data centers. The closing of the acquisition is subject to foreign direct investment (FDI) approval by the Spanish government and other customary conditions. The transaction consideration includes approximately $80.5 million in cash, consisting of $46 million at closing and up to $34.5 million in potential earnouts. In addition to the purchase consideration, Nextpower plans an incremental investment of approximately $50 million related to growth initiatives, including the acceleration of its entry into the power conversion market. These investments are expected to position Nextpower to capture a significant, durable growth opportunity. Following the relevant approval, the acquired assets, inclu

Achieves Record FY26 Revenue and Earnings Raises FY27 Financial Outlook on Strong Execution and Bookings FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower ™ (Nasdaq: NXT), a leading provider of intelligent power generation systems for solar power plants, today announced financial results for the fourth quarter and full year for fiscal year 2026, ended March 31, 2026. Financial Summary (In millions, except per share) Q4 FY26 Q3 FY26 Q4 FY25 Revenue $881 $909 $924 GAAP Gross Profit <p class="bwalignr bwcellpmargin"

FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower (Nasdaq: NXT) will announce its fourth quarter fiscal 2026 and full-year financial results after the market closes on Tuesday, May 12, 2026. The company will hold a conference call to discuss the results on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Q4 FY2026 Earnings Call May 12, 2026 2:00 p.m. PT / 5:00 p.m. ET Live webcast available on investors.nextpower.com The webcast replay, along with supporting materials, will be available on the Nextpower IR website following the conclusion of the event. About Nextpower Nextpower™ (Nasdaq: NXT) designs, engineers, and delivers an advanced energy technology platform for solar power plants, innovating across structural, electrical, and digital domains. Our integrated solutions are designed to streamline project execution, increase energy yield and long-term reliability, and enhance customer ROI. Building on over a decade of technology and market leadership, the company delivers intelligent power generation systems and services to meet rapidly expanding global electricity demand. Nextpower partners with the world’s leading energy companies to power what’s next. Learn more at www.nextpower.com . Investor Contact: Sarah Lee [email protected] Media Contact: Brandy Lee [email protected] Source: Nextpower

FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower ™ (NASDAQ: NXT), a leading provider of intelligent power generation technology and solutions for solar power plants, today announced the validation of its near-term carbon emissions reduction targets by the Science Based Targets initiative (SBTi), a coalition of CDP, the United Nations Global Compact, World Resources Institute, and the World Wide Fund for Nature. Under its validated SBTi targets, the company commits to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 58.8% by fiscal year 2035 from a FY25 baseline, and to reduce Scope 3 emissions intensity per megawatt of solar trackers deployed by 63.8% over the same period. “Over the past several years, we have strengthened our global supply chains, expanded domestic manufacturing in key markets, and launched new product innovations such as the NX Horizon ® low carbon tracker,” said Dan Shugar, founder and CEO. “These actions are delivering carbon improvements while creating additional value for our customers. The SBTi validation is another important milestone for our company and reinforces our strategy and the progress we are making.” In recent years, Nextpower has optimized regional supply chains and increased adoption of lower-carbon electric arc furnace (EAF) steel. The NX Horizon low carbon tracker solution now reduces embodied carbon emissions by up to 42% compared to traditional trackers, supported by third-party verified lifecycle assessments. The SBTi validation follows Nextpower’s formal establishment of its ESG program in 2024 and its recent upgrade to “Prime” status in the ISS Corporate ESG rating in Q3 FY26. Together, these independent evaluations strengthen the company’s competitive position in global markets where ESG performance is an increasingly important consideration for investors and customers. To learn more about Nextpower’s global sustainability initiatives, read the fiscal year 2025 Sustainability Report , or visit nextpower.com/sustainability . About Nextpower (formerly Nextracker) Nextpower™ (Nasdaq: NXT) designs, engineers, and delivers an advanced energy technology platform for solar power plants, innovating across structural, electrical, and digital domains. Our integrated solutions are designed to streamline project execution, increase energy yield and long-term reliability, and enhance customer ROI. Building on over a decade of technology and market leadership, the company delivers intelligent power generation systems and services to meet rapidly expanding global elec

Company Plans to Expand Steel Frames Manufacturing Capacity in the Southeast U.S. FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower™ (NASDAQ: NXT), a leading provider of intelligent power generation technology and solutions for solar power plants, today announced its second major commercial order for U.S.-manufactured steel module frames, entering into a multi-year supply agreement with Jinko Solar (U.S.) Industries Inc. (NYSE: JKS), one of the longest operating solar module manufacturers in the United States. Under the agreement, Nextpower plans to supply more than one gigawatt (GW) of steel frames, scalable to up to 3 GW over a three-year period, to support module manufacturing in Jinko Solar’s Jacksonville, Fla. facility, with production expected mid-2026. This supply arrangement helps underscore the growing market adoption of steel frames as a more structurally durable, cost-effective solution for tier-one solar modules while further localizing the U.S. supply chain. For developers, U.S.-made steel frames add six percent to a tracker project’s domestic content calculation, according to U.S. Treasury Department guidance. “Arevon is excited about Nextpower’s introduction of advanced solar module frames that enhance module durability and are designed and manufactured in the USA,” said Justin Johnson, COO of Arevon, a utility-scale solar developer. “Nextpower’s focus on component and system reliability is greatly welcomed for solar projects, especially in areas of extreme weather.” “This agreement with Jinko Solar represents clear market validation of steel frames as a reliable and cost-effective solution that supports both module durability and U.S. manufacturing priorities,” said Dan Shugar, founder and CEO of Nextpower. “It also reinforces how the U.S. solar industry is industrializing, aligning domestic manufacturing, policy incentives, and proven technology at gigawatt scale.” To simplify project logistics and reinforce the domestic supply chain, Nextpower plans to further expand its steel frame manufacturing presence in the Southeastern United States to enable direct supply to the Jinko Solar U.S. facility in Jacksonville. This strategy follows Nextpower’s recent expansion of its steel component manufacturing capacity in Memphis – one of more than 25 U.S. factories Nextpower has opened or expanded since 2021. “Improving module durability and strengthening domestic supply chains are closely linked priorities and areas where Jinko Solar has long been a leader,” said Nigel Cockroft, General Manager at Jinko Solar (U.S.) Industries Inc. “From our fourth generation extreme weather module platform to our Jacksonville facility, which has operated since 2018, we have consistently invested ahead of the market. Partnering with Nextpower to integrate domestically produced steel frames into our U.S. modules is a natural extension of that leadership, aligning with U.S. manufacturing priorities, while delivering greater durability at scale for customers and the broader solar industry.” Industry-wide reliability data is increasingly shaping procuremen

First landmark project to be fulfilled through newly formed Nextpower Arabia joint venture; localized production to support Saudi National Renewable Energy Program RIYADH, Saudi Arabia--(BUSINESS WIRE)-- Nextpower Arabia , the newly formed joint venture between Nextpower (Nasdaq: NXT, formerly Nextracker) and Abunayyan Holding, today announced it will provide 2.25 gigawatts (GWp) of advanced solar tracking systems to Larsen & Toubro (L&T) for the Bisha Solar project, one of the largest utility-scale solar plants being developed by an ACWA Power-led consortium. The project was procured by the Saudi Power Procurement Company (SPPC) as part of Wave 6 of the Kingdom’s National Renewable Energy Program (NREP) overseen by the Ministry of Energy. Flagship NX Horizon solar tracking system, deployed well over 150 GW globally and engineered for maximum uptime, energy yield, and resilience Located in the Asir Province, Bisha is the largest of the Wave 6 solar projects. The project represents a significant addition to Saudi Arabia’s expanding utility-scale portfolio and supports the Kingdom’s long-term energy and decarbonization objectives. This new 2.25 GWp order is the first major project to be fulfilled through the Nextpower Arabia joint venture, now fully operational. Through localized sales, manufacturing, delivery and supply chain capabilities, Nextpower Arabia will support the efficient deployment of utility-scale solar power plants, while advancing industrial development and workforce development in the Middle East and North Africa (MENA) region. Bharathi Kumar, general manager (Renewable International), L&T, said, “We have tremendous confidence in Nextpower Arabia to provide the most advanced utility-grade solar solutions that will help us deliver maximum performance and low-cost clean energy through the new Bisha Solar Plant long into the future. Localizing the production of these new systems that will form the foundation of the Bisha plant will deliver greater efficiencies throughout the development process while reducing the cost and impact of international shipping.” Dan Shugar, founder and CEO, Nextpower, said, “The MENA region is a top strategic priority for Nextpower. This project builds on our longstanding partnerships with ACWA Power and L&T and marks an important milestone for our new joint venture with Abunayyan Holding. Through Nextpower Arabia, we are localizing the industry’s most resilient and intelligent solar plant technologies, engineered specifically for the region’s demanding conditions, while strengthening the local supply chain to support Saudi Arabia’s long-term en

Raises FY26 Financial Outlook on Strong Execution and Bookings Achieves Investment Grade Rating, Announces Share Buyback Program Nextpower (Nasdaq: NXT, formerly Nextracker), a leading provider of intelligent power generation systems for solar power plants, today announced financial results for the third quarter of fiscal year 2026, ended December 31, 2025. Financial Summary (In millions, except per share) Q3 FY26 Q2 FY26 Q3 FY25 Revenue $909 $905 $679 GAAP Gross Profit $288 $293 $241 GAAP Gross Margin 31.7 % 32.4 % 35.5 % GAAP Net Income $131 $147 $117 GAAP Net Income Margin 14.4 % 16.2 % 17.3 % GAAP Diluted EPS $0.85 $0.97 $0.79 Adjusted Gross Profit $295 $300 $245 Adjusted Gross Margin 32.4 % 33.1 % 36.0 % Adjusted EBITDA $214 $224 $186 Adjusted EBITDA Margin 23.5 % 24.7 % 27.4 % Adjusted Net Income $170 $181 $154 Adjusted Diluted EPS $1.10 $1.19 $1.03 Q3 FY26, Q2 FY26, and Q3 FY25 results include approximately $53 million, $67 million, and $48

Nextpower (Nasdaq: NXT, formerly Nextracker), a leading provider of intelligent power generation systems for solar power plants, announced today that Fitch Ratings (“Fitch”) has issued inaugural investment grade credit ratings for the company. Fitch has assigned a Long-Term Issuer Default Rating of BBB- to the Company with a Stable outlook. “Achieving an investment grade credit rating is an important milestone for Nextpower and reflects the strength of our business model, consistent cash flow generation, and disciplined financial management,” said Chuck Boynton, chief financial officer of Nextpower. “This milestone reinforces our confidence in the durability of the business and our ability to execute our long-term strategy.” About Nextpower Nextpower™ (Nasdaq: NXT, formerly Nextracker) designs, engineers, and delivers an advanced energy technology platform for solar power plants, innovating across structural, electrical, and digital domains. Our integrated solutions are designed to

New Saudi manufacturing facility to produce advanced solar tracking systems for the Middle East and North Africa region Nextpower (Nasdaq: NXT, formerly Nextracker) and Abunayyan Holding today announced the completion of the incorporation of the previously announced joint venture, Nextpower Arabia , headquartered in Riyadh, Kingdom of Saudi Arabia. The new joint venture will accelerate the deployment of utility-scale solar power plants across the Middle East and North Africa (MENA) region, supporting national and regional renewable energy transformation objectives and Net Zero targets. As part of the new joint venture, the partners also announced a new advanced manufacturing facility in Jeddah, Saudi Arabia. Nextpower Arabia will provide advanced tracker systems, yield management, and control solutions for installation on large-scale solar projects across the MENA region. The facility is expected to enable total manufacturing and localized supply chain capacity of up to 12 GW per

Nextpower (Nasdaq: NXT) will announce its third quarter fiscal 2026 financial results after the market closes on Tuesday, January 27, 2026. The company will hold a conference call to discuss the results on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Q3 FY2026 Earnings Call January 27, 2026 2:00 p.m. PT / 5:00 p.m. ET Live webcast available on investors.nextpower.com The webcast replay, along with supporting materials, will be available on the Nextpower IR website following the conclusion of the event. About Nextpower Nextpower™ (Nasdaq: NXT, formerly Nextracker) designs, engineers, and delivers an advanced energy technology platform for solar power plants, innovating across structural, electrical, and digital domains. Our integrated solutions are designed to streamline project execution, increase energy yield and long-term reliability, and enhance customer ROI. Building on over a decade of technology and market leadership, the company delivers