How Does Nextpower Stock Compare With Peers?
Nextpower (NXT) stock has vastly outperformed over the past year, but how does it measure up against peers in the dynamic renewable energy market as of March 9, 2026? A closer look reveals strong profitability, robust revenue growth, and moderate valuation. However, sustained outperformance could depend on maintaining its competitive edge against larger and rapidly scaling rivals in the intensely competitive solar sector.
- NXT’s 20.5% operating margin is robust, suggesting strong cost control or niche market focus, though below FSLR’s 30.6% from thin-film tech.
- NXT’s 30.0% revenue growth signals market penetration, outpacing FSLR/ENPH, yet trails ARRY/FTCI who benefit from tracker demand.
- NXT’s 160.2% gain, with a PE of 27.1, highlights robust investor confidence in its future growth trajectory, outperforming peers.
Here’s how Nextpower stacks up across size, valuation, and profitability versus key peers.
| NXT | ARRY | FSLR | SHLS | FTCI | ENPH | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 16.0 | 1.0 | 21.0 | 1.0 | 0.1 | 5.4 |
| Revenue ($ Bil) | 3.6 | 1.3 | 5.2 | 0.5 | 0.1 | 1.5 |
| PE Ratio | 27.1 | -19.7 | 13.7 | 28.7 | -1.2 | 31.1 |
| LTM Revenue Growth | 30.0% | 40.2% | 24.1% | 19.1% | 39.5% | 10.7% |
| LTM Operating Margin | 20.5% | 5.7% | 30.6% | 11.9% | -54.0% | 11.2% |
| LTM FCF Margin | 16.3% | 6.2% | 22.7% | -3.4% | -54.0% | 6.5% |
| 12M Market Return | 160.2% | 9.4% | 40.4% | 103.9% | 53.9% | -33.7% |
Below we compare NXT’s growth, margin, and valuation with peers across years

Revenue Growth Comparison
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| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| NXT | 30.0% | 18.4% | 31.4% | 30.5% | |
| ARRY | 40.2% | 40.2% | -41.9% | -3.7% | |
| FSLR | 24.1% | 24.1% | 26.7% | 26.7% | |
| SHLS | 19.1% | 19.1% | -18.4% | 49.6% | |
| FTCI | 39.5% | – | -62.7% | 3.2% | -54.5% |
| ENPH | 10.7% | 10.7% | -41.9% | -1.7% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| NXT | 20.5% | 21.6% | 23.5% | 8.9% | |
| ARRY | 5.7% | 5.7% | 11.0% | 13.8% | |
| FSLR | 30.6% | 30.6% | 33.1% | 26.7% | |
| SHLS | 11.9% | 11.9% | 12.8% | 16.2% | |
| FTCI | -54.0% | – | -111.6% | -40.0% | -80.9% |
| ENPH | 11.2% | 11.2% | 6.8% | 20.1% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| NXT | 27.1 | 24.6 | 9.2 | 18.1 | |
| ARRY | -19.7 | -26.9 | -3.8 | 18.5 | |
| FSLR | 13.7 | 18.3 | 14.6 | 22.1 | |
| SHLS | 28.7 | 42.3 | 38.6 | 63.8 | |
| FTCI | -1.2 | – | -2.8 | -1.3 | -0.7 |
| ENPH | 31.1 | 24.4 | 90.4 | 41.1 |
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