Nextpower and Abunayyan Launch 12GW Solar Tracking Systems Facility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 12 2026
0mins
Should l Buy NXT?
Source: Newsfilter
Nextpower Inc. shares fell 5.21% as the stock crossed below its 5-day SMA amid a broader market decline, with the Nasdaq-100 down 1.73% and the S&P 500 down 1.02%.
Nextpower has formed a joint venture with Abunayyan Holding to establish Nextpower Arabia in Saudi Arabia, aimed at deploying utility-scale solar power plants across the MENA region. The new facility in Jeddah is expected to have an annual production capacity of 12GW, creating around 2,000 jobs and supporting local engineering development. The joint venture plans to invest approximately $88 million over the next two years to enhance manufacturing capabilities and contribute to Saudi Arabia's clean energy goals.
This strategic partnership positions Nextpower to leverage its technology leadership while benefiting from Abunayyan's regional expertise, potentially enhancing its market competitiveness and supporting the broader renewable energy transformation in the region.
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Analyst Views on NXT
Wall Street analysts forecast NXT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NXT is 105.33 USD with a low forecast of 76.00 USD and a high forecast of 125.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
15 Buy
5 Hold
0 Sell
Strong Buy
Current: 114.440
Low
76.00
Averages
105.33
High
125.00
Current: 114.440
Low
76.00
Averages
105.33
High
125.00
About NXT
Nextpower Inc., formerly Nextracker Inc., designs, engineers, and delivers an advanced energy technology platform for solar power plants. Its integrated solutions are designed to streamline project execution, increase energy yield and long-term reliability. The Company's products and services include trackers, foundations, eBOS, software, controls, and module mounting. Its services include design, deploy, and operate. Its design services include site evaluations, design and engineering, and training programs. Its deploying services include efficient commissioning, fully equipped, and fast-tracked scheduling. Its operating services engaged in the monitor, manage, and mitigating risk with tools and tech.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Sentiment Insights: This analytical tool reveals shifts in market sentiment by examining trading volume, timing, and order size, helping investors better grasp market dynamics and optimize their trading strategies.
- Decision Support: The real-time order flow analysis not only enhances traders' decision-making capabilities but also provides institutional investors with competitive market insights, strengthening their ability to respond in rapidly changing market conditions.
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- Strong Backlog: The company currently has a backlog of $5 billion, and with a run rate of approximately $1 billion in revenue per quarter, Nextpower has ample work lined up for over a year, ensuring stable cash flow and business expansion potential.
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