Nextpower, formerly known as Nextracker, focuses on solar panel technology that tracks the Sun’s movements. The company is profitable with a large backlog of work. Nextpower plans to expand into new business lines, aiming for $5.2 billion in revenue by 2030, with tracking technology contributing $3.54 billion. The company has no debt, $845 million in cash, and a record backlog of $5 billion. Nextpower plans to grow revenue by nearly 25% in the next five years, with a focus on new product lines like software and electrical components. Investors should keep an eye on the company’s growth progress.

Read more at Nasdaq: Where Will Nextpower Be in 5 Years?