Nextpower closed the 2 November Nasdaq session at $91.13, up $11.80 from the prior close of $79.33. I pulled the Yahoo Finance daily chart for NXT before writing, and the regular-session change field read 14.875%, timestamped 21:00 UTC that day. The stock opened at $83.41, reached $92.98, held a low of $83.325, and traded 5,509,418 shares, against 1,907,600 on Friday 30 October.
The jump landed four sessions after the earnings release, not on the release itself. On 28 October Nextpower closed at $82.08, up from $79.44 the session before, and by Friday the close was back at $79.33, with $79.83 in between on 29 October. A record quarter was public while the price walked home, the same split I have already written up in the AbbVie earnings reaction.
I opened the Form 10-Q, accession 0001852131-26-000058, accepted at 19:40:13 on 30 October 2026 with a filing date of 2 November. It covers the quarter ended 2 October, and the headline figures were already in Exhibit 99.1 to the 8-K filed on 28 October. TIKR, updated 2 November 2026, reported that Jefferies analyst Julien Dumoulin-Smith added Nextpower to the firm's Franchise Pick list and removed GE Vernova to free the slot, after Thursday target cuts at Mizuho to $98 from $101, Roth Capital to $140 from $175, and Needham to $143 from $149. Monday's open was about 5.1% above Friday's close.
What the quarter contained
The 10-Q puts three-month revenue at $1,109,276 thousand, against $905,268 thousand a year earlier, and net income at $165,453 thousand, against $146,861 thousand. Diluted earnings were $1.08 a share, against $0.97. Revenue rose $204.0 million, or 23%, with about $100 million from recent acquisitions, a higher average selling price, and stronger United States demand, while revenue outside the United States fell $13.7 million, or 6%. United States revenue alone rose about $217.7 million, or 32%. Cost of sales rose $151.6 million, or 25%, so gross profit of $345,316 thousand lines up with the 31.1% GAAP gross margin in the 28 October earnings release, down from 32.4% a year earlier and 35.9% in the prior quarter.
That release puts adjusted diluted earnings at $1.31 and adjusted EBITDA at $250 million. Bookings set a quarterly record, backlog exceeded $6 billion, and energy storage plus other complementary offerings were about 22% of revenue. Dan Shugar, chief executive and founder, said the company "delivered record quarterly revenue and bookings and grew backlog to more than $6 billion." The balance sheet lists cash and cash equivalents of $1,029,886 thousand as of 2 October 2026, and the repurchase note shows about 1.8 million shares retired for $162.1 million, with $337.5 million still authorized.
The updated fiscal 2027 outlook is revenue of $4.2 billion to $4.45 billion, from $4.1 billion to $4.4 billion, and adjusted diluted earnings of $4.61 to $4.87, from $4.42 to $4.73. On the Yahoo chart the 52-week high is $163.13 and the low is $75.405, so the $91.13 close still sits $72 under the high. Vertiv after its fluid-services close is another one-session move I have already filed on this desk.
Key facts
- Nextpower closed at $91.13 on 2 November 2026, up 14.875% from $79.33, on volume of 5,509,418 shares. Source: Yahoo Finance chart API, 21:00 UTC, 2 November 2026.
- Revenue was $1,109,276 thousand and net income was $165,453 thousand for the quarter ended 2 October 2026. Source: Nextpower Form 10-Q, filing date 2 November 2026.
- Adjusted diluted EPS was $1.31, adjusted EBITDA was $250 million, and backlog exceeded $6 billion. Source: Exhibit 99.1 to the Form 8-K, 28 October 2026.
- Cash and cash equivalents were $1,029,886 thousand as of 2 October 2026, and six-month repurchases were $162.1 million. Source: Nextpower Form 10-Q, filed 2 November 2026.
- Julien Dumoulin-Smith added Nextpower to the Jefferies Franchise Pick list in place of GE Vernova, TIKR reported, after Thursday cuts to $98, $140 and $143. Source: TIKR, 2 November 2026.
What to watch
On 16 November 2026 Nextpower holds its Capital Markets Day in Las Vegas, the date the 28 October release set for a longer strategy and financial framework. I will read those slides against a backlog above $6 billion and the 31.1% GAAP gross margin.
RelatedWhere do Goldman Sachs and Morgan Stanley books diverge?
The fiscal third-quarter frame is already printed: revenue growth near 10% and an adjusted EBITDA margin 1 to 2 points under the fourth quarter, with the report date still blank on the exhibit. The repurchase authorization still had $337.5 million open as of 2 October.
This article records a session, a filing, and a secondary report of a research list. It is not a recommendation to buy or sell Nextpower shares.