Movement Alert|Nextpower Rises 5.11% in Regular Trading, Patent Litigation and NX PowerMerge Orders Boost Sentiment

Market Focus
Oct 06

On October 6, Nextpower rose 5.11% in regular trading, trading at $87.21/share, with turnover of $47.6 million. The stock's advance came as the company recently filed a patent infringement lawsuit against competitor Gamechange, while its patented NX PowerMerge technology surpassed 2 GW in order backlog, reinforcing its technology advantage and legal posture.

Analysts broadly maintain an overweight rating on Nextpower with an average price target of $150.75, well above the current level. The company holds a leading position in the global solar tracker market, with operations across the US, Brazil, Europe, India, and Australia.

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