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Stock impact report

Nextpower Receives Investment Grade Credit Rating from Fitch [Yahoo! Finance]

Nextpower Inc. - Class A (NXT) 
Company Research Source: Yahoo! Finance
systems for solar power plants, announced today that Fitch Ratings ("Fitch") has issued inaugural investment grade credit ratings for the company. Fitch has assigned a Long-Term Issuer Default Rating of BBB- to the Company with a Stable outlook. "Achieving an investment grade credit rating is an important milestone for Nextpower and reflects the strength of our business model, consistent cash flow generation, and disciplined financial management," said Chuck Boynton, chief financial officer of Nextpower. "This milestone reinforces our confidence in the durability of the business and our ability to execute our long-term strategy." About Nextpower Nextpower™ (Nasdaq: NXT, formerly Nextracker) designs, engineers, and delivers an advanced energy technology platform for solar power plants, innovating across structural, electrical, and digital domains. Our integrated solutions are designed to streamline project execution, increase energy yield and long-term reliability, and enhance Show less Read more
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