California-based Nextracker has rebranded to Nextpower, reflecting its global transformation into an energy technology solutions provider. The company will now offer a range of advanced technologies and services for utility-scale solar power plants, including a new line of power conversion systems. Nextpower reaffirmed its financial outlook and targets for FY30.

Nextpower’s CEO, Dan Shugar, emphasized the company’s evolution into a comprehensive technology platform supporting clean energy systems. The rebranding aligns with the global electricity demand surge, driven by AI, data centers, electric transportation, and building electrification. The company’s strategic investments in localized supply chains position it well for future growth and innovation.

Nextpower’s long-term financial targets include $4.8 billion to $5.6 billion in revenue by FY30, with a focus on non-tracker products and services. CFO Chuck Boynton expressed confidence in the company’s growth trajectory, emphasizing top-line growth, cash generation, and operational efficiency. The rebranding aims to strengthen Nextpower’s position in the rapidly evolving energy technology market.

Read more at Yahoo Finance: Nextracker Rebrands to Nextpower as Part of Move to Expand Solar Power Services