Nextracker Inc. (NASDAQ: NXT) reported strong financial results for the fourth quarter and fiscal year 2025. The company achieved Q4 revenue of $924 million, representing a 26% year-over-year increase, and a full-year revenue of approximately $3 billion, up 18% from fiscal 2024. Adjusted earnings per share (EPS) for Q4 stood at $1.29, exceeding estimates of $0.73. Nextracker also reported a backlog exceeding $4.5 billion and a strong cash position with no debt. The company closed fiscal 2025 with record revenue and expanded strategically into the electrical balance of system (eBOS) segment through the acquisition of Bentek. For fiscal year 2026, Nextracker provided revenue guidance in the range of $3.2 billion to $3.4 billion. Following the earnings release, several major financial institutions, including Susquehanna, JPMorgan, Barclays, and Citi, raised their price targets for Nextracker shares to new highs around $66. The stock saw a positive pre-market movement of 1.4% after the Q1 earnings beat and strong full-year sales outlook.