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Stock Comparison

NXT vs STEM vs ARRY vs SHLS

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
NXT
Nextpower Inc.

Consumer Electronics

TechnologyNASDAQ • US
Market Cap$17.94B
5Y Perf.+297.0%
STEM
Stem, Inc.

Software - Infrastructure

TechnologyNYSE • US
Market Cap$74M
5Y Perf.-94.7%
ARRY
Array Technologies, Inc.

Solar

EnergyNASDAQ • US
Market Cap$1.25B
5Y Perf.-56.2%
SHLS
Shoals Technologies Group, Inc.

Solar

EnergyNASDAQ • US
Market Cap$1.32B
5Y Perf.-68.1%

NXT vs STEM vs ARRY vs SHLS — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
NXT logoNXT
STEM logoSTEM
ARRY logoARRY
SHLS logoSHLS
IndustryConsumer ElectronicsSoftware - InfrastructureSolarSolar
Market Cap$17.94B$74M$1.25B$1.32B
Revenue (TTM)$3.60B$153M$1.21B$536M
Net Income (TTM)$592M$144M$-67M$34M
Gross Margin32.4%36.3%22.4%33.5%
Operating Margin20.5%-35.1%4.5%11.2%
Forward P/E27.7x11.7x19.4x
Total Debt$0.00$369M$766M$175M
Cash & Equiv.$766M$49M$244M$7M

NXT vs STEM vs ARRY vs SHLSLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

NXT
STEM
ARRY
SHLS
StockFeb 23May 26Return
Nextpower Inc. (NXT)100397.0+297.0%
Stem, Inc. (STEM)1005.3-94.7%
Array Technologies,… (ARRY)10043.8-56.2%
Shoals Technologies… (SHLS)10031.9-68.1%

Price return only. Dividends and distributions are not included.

Quick Verdict: NXT vs STEM vs ARRY vs SHLS

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: NXT and STEM are tied at the top with 2 categories each — the right choice depends on your priorities. Stem, Inc. is the stronger pick specifically for profitability and margin quality and operational efficiency and capital deployment. ARRY also leads in specific categories worth noting. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
NXT
Nextpower Inc.
The Long-Run Compounder

NXT has the current edge in this matchup, primarily because of its strength in long-term compounding and defensive.

  • 289.7% 10Y total return vs SHLS's -74.7%
  • Beta 1.88, current ratio 2.09x
  • Beta 1.88 vs STEM's 3.66
  • +176.1% vs STEM's -16.2%
Best for: long-term compounding and defensive
STEM
Stem, Inc.
The Quality Compounder

STEM is the #2 pick in this set and the best alternative if quality and efficiency is your priority.

  • 94.2% margin vs ARRY's -5.6%
  • 43.2% ROA vs ARRY's -4.4%, ROIC -57.1% vs 9.0%
Best for: quality and efficiency
ARRY
Array Technologies, Inc.
The Growth Play

ARRY is the clearest fit if your priority is growth exposure.

  • Rev growth 40.2%, EPS growth 62.6%, 3Y rev CAGR -7.8%
  • 40.2% revenue growth vs STEM's 8.1%
  • Lower P/E (11.7x vs 19.4x)
Best for: growth exposure
SHLS
Shoals Technologies Group, Inc.
The Income Pick

SHLS is the clearest fit if your priority is income & stability and sleep-well-at-night.

  • Dividend streak 3 yrs, beta 2.08
  • Lower volatility, beta 2.08, Low D/E 29.2%, current ratio 2.03x
Best for: income & stability and sleep-well-at-night
See the full category breakdown
CategoryWinnerWhy
GrowthARRY logoARRY40.2% revenue growth vs STEM's 8.1%
ValueARRY logoARRYLower P/E (11.7x vs 19.4x)
Quality / MarginsSTEM logoSTEM94.2% margin vs ARRY's -5.6%
Stability / SafetyNXT logoNXTBeta 1.88 vs STEM's 3.66
DividendsTieNone of these 4 stocks pay a meaningful dividend
Momentum (1Y)NXT logoNXT+176.1% vs STEM's -16.2%
Efficiency (ROA)STEM logoSTEM43.2% ROA vs ARRY's -4.4%, ROIC -57.1% vs 9.0%

NXT vs STEM vs ARRY vs SHLS — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

NXTNextpower Inc.
FY 2025
Reportable Segment
100.0%$3.0B
STEMStem, Inc.
FY 2025
Service
56.1%$88M
Hardware
43.9%$69M
ARRYArray Technologies, Inc.

Segment breakdown not available.

SHLSShoals Technologies Group, Inc.
FY 2025
System Solutions
78.7%$374M
Components
21.3%$101M

NXT vs STEM vs ARRY vs SHLS — Financial Metrics

Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLNXTLAGGINGSHLS

Income & Cash Flow (Last 12 Months)

STEM leads this category, winning 3 of 6 comparable metrics.

NXT is the larger business by revenue, generating $3.6B annually — 23.6x STEM's $153M. STEM is the more profitable business, keeping 94.2% of every revenue dollar as net income compared to ARRY's -5.6%. On growth, SHLS holds the edge at +74.9% YoY revenue growth, suggesting stronger near-term business momentum.

MetricNXT logoNXTNextpower Inc.STEM logoSTEMStem, Inc.ARRY logoARRYArray Technologie…SHLS logoSHLSShoals Technologi…
RevenueTrailing 12 months$3.6B$153M$1.2B$536M
EBITDAEarnings before interest/tax$766M-$16M$95M$73M
Net IncomeAfter-tax profit$592M$144M-$67M$34M
Free Cash FlowCash after capex$589M-$8M$58M-$77M
Gross MarginGross profit ÷ Revenue+32.4%+36.3%+22.4%+33.5%
Operating MarginEBIT ÷ Revenue+20.5%-35.1%+4.5%+11.2%
Net MarginNet income ÷ Revenue+16.4%+94.2%-5.6%+6.3%
FCF MarginFCF ÷ Revenue+16.4%-5.5%+4.8%-14.5%
Rev. Growth (YoY)Latest quarter vs prior year+33.9%-10.8%-26.1%+74.9%
EPS Growth (YoY)Latest quarter vs prior year+7.6%+27.2%-7.0%
STEM leads this category, winning 3 of 6 comparable metrics.

Valuation Metrics

ARRY leads this category, winning 3 of 6 comparable metrics.

At 34.8x trailing earnings, NXT trades at a 11% valuation discount to SHLS's 39.2x P/E. On an enterprise value basis, ARRY's 13.5x EV/EBITDA is more attractive than NXT's 26.3x.

MetricNXT logoNXTNextpower Inc.STEM logoSTEMStem, Inc.ARRY logoARRYArray Technologie…SHLS logoSHLSShoals Technologi…
Market CapShares × price$17.9B$74M$1.3B$1.3B
Enterprise ValueMkt cap + debt − cash$17.2B$394M$1.8B$1.5B
Trailing P/EPrice ÷ TTM EPS34.83x-0.95x-11.23x39.20x
Forward P/EPrice ÷ next-FY EPS est.27.66x11.75x19.40x
PEG RatioP/E ÷ EPS growth rate14.05x
EV / EBITDAEnterprise value multiple26.32x13.50x22.83x
Price / SalesMarket cap ÷ Revenue6.06x0.48x0.98x2.77x
Price / BookPrice ÷ Book value/share11.08x4.80x2.20x
Price / FCFMarket cap ÷ FCF28.85x10.82x15.72x
ARRY leads this category, winning 3 of 6 comparable metrics.

Profitability & Efficiency

NXT leads this category, winning 7 of 9 comparable metrics.

NXT delivers a 27.5% return on equity — every $100 of shareholder capital generates $28 in annual profit, vs $-21 for ARRY. SHLS carries lower financial leverage with a 0.29x debt-to-equity ratio, signaling a more conservative balance sheet compared to ARRY's 2.94x. On the Piotroski fundamental quality scale (0–9), NXT scores 6/9 vs SHLS's 5/9, reflecting solid financial health.

MetricNXT logoNXTNextpower Inc.STEM logoSTEMStem, Inc.ARRY logoARRYArray Technologie…SHLS logoSHLSShoals Technologi…
ROE (TTM)Return on equity+27.5%-20.6%+5.7%
ROA (TTM)Return on assets+15.6%+43.2%-4.4%+3.7%
ROICReturn on invested capital+62.8%-57.1%+9.0%+5.9%
ROCEReturn on capital employed+33.8%-23.9%+8.2%+7.6%
Piotroski ScoreFundamental quality 0–96655
Debt / EquityFinancial leverage2.94x0.29x
Net DebtTotal debt minus cash-$766M$320M$522M$168M
Cash & Equiv.Liquid assets$766M$49M$244M$7M
Total DebtShort + long-term debt$0$369M$766M$175M
Interest CoverageEBIT ÷ Interest expense161.08x14.43x-2.42x5.91x
NXT leads this category, winning 7 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

NXT leads this category, winning 6 of 6 comparable metrics.

A $10,000 investment in NXT five years ago would be worth $38,975 today (with dividends reinvested), compared to $217 for STEM. Over the past 12 months, NXT leads with a +176.1% total return vs STEM's -16.2%. The 3-year compound annual growth rate (CAGR) favors NXT at 55.4% vs STEM's -52.9% — a key indicator of consistent wealth creation.

MetricNXT logoNXTNextpower Inc.STEM logoSTEMStem, Inc.ARRY logoARRYArray Technologie…SHLS logoSHLSShoals Technologi…
YTD ReturnYear-to-date+30.3%-48.6%-15.3%-13.8%
1-Year ReturnPast 12 months+176.1%-16.2%+62.7%+66.5%
3-Year ReturnCumulative with dividends+275.0%-89.5%-56.1%-60.2%
5-Year ReturnCumulative with dividends+289.7%-97.8%-67.7%-72.8%
10-Year ReturnCumulative with dividends+289.7%-95.5%-77.5%-74.7%
CAGR (3Y)Annualised 3-year return+55.4%-52.9%-24.0%-26.5%
NXT leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

NXT leads this category, winning 2 of 2 comparable metrics.

NXT is the less volatile stock with a 1.88 beta — it tends to amplify market swings less than STEM's 3.66 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NXT currently trades 91.8% from its 52-week high vs STEM's 27.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricNXT logoNXTNextpower Inc.STEM logoSTEMStem, Inc.ARRY logoARRYArray Technologie…SHLS logoSHLSShoals Technologi…
Beta (5Y)Sensitivity to S&P 5001.88x3.66x2.32x2.08x
52-Week HighHighest price in past year$131.72$32.23$12.23$11.36
52-Week LowLowest price in past year$43.17$5.93$4.92$3.81
% of 52W HighCurrent price vs 52-week peak+91.8%+27.0%+67.0%+69.0%
RSI (14)Momentum oscillator 0–10058.451.256.463.2
Avg Volume (50D)Average daily shares traded1.7M155K6.0M5.1M
NXT leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

SHLS leads this category, winning 1 of 1 comparable metric.

Analyst consensus: NXT as "Buy", STEM as "Hold", ARRY as "Buy", SHLS as "Buy". Consensus price targets imply 137.2% upside for STEM (target: $21) vs 2.6% for NXT (target: $124).

MetricNXT logoNXTNextpower Inc.STEM logoSTEMStem, Inc.ARRY logoARRYArray Technologie…SHLS logoSHLSShoals Technologi…
Analyst RatingConsensus buy/hold/sellBuyHoldBuyBuy
Price TargetConsensus 12-month target$124.00$20.67$9.17$9.83
# AnalystsCovering analysts28172823
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises113
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%0.0%+0.0%
SHLS leads this category, winning 1 of 1 comparable metric.
Key Takeaway

NXT leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). STEM leads in 1 (Income & Cash Flow).

Best OverallNextpower Inc. (NXT)Leads 3 of 6 categories
Loading custom metrics...

NXT vs STEM vs ARRY vs SHLS: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is NXT or STEM or ARRY or SHLS a better buy right now?

For growth investors, Array Technologies, Inc.

(ARRY) is the stronger pick with 40. 2% revenue growth year-over-year, versus 8. 1% for Stem, Inc. (STEM). Nextpower Inc. (NXT) offers the better valuation at 34. 8x trailing P/E (27. 7x forward), making it the more compelling value choice. Analysts rate Nextpower Inc. (NXT) a "Buy" — based on 28 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — NXT or STEM or ARRY or SHLS?

On trailing P/E, Nextpower Inc.

(NXT) is the cheapest at 34. 8x versus Shoals Technologies Group, Inc. at 39. 2x. On forward P/E, Array Technologies, Inc. is actually cheaper at 11. 7x — notably different from the trailing picture, reflecting expected earnings growth.

03

Which is the better long-term investment — NXT or STEM or ARRY or SHLS?

Over the past 5 years, Nextpower Inc.

(NXT) delivered a total return of +289. 7%, compared to -97. 8% for Stem, Inc. (STEM). Over 10 years, the gap is even starker: NXT returned +289. 7% versus STEM's -95. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — NXT or STEM or ARRY or SHLS?

By beta (market sensitivity over 5 years), Nextpower Inc.

(NXT) is the lower-risk stock at 1. 88β versus Stem, Inc. 's 3. 66β — meaning STEM is approximately 95% more volatile than NXT relative to the S&P 500. On balance sheet safety, Shoals Technologies Group, Inc. (SHLS) carries a lower debt/equity ratio of 29% versus 3% for Array Technologies, Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — NXT or STEM or ARRY or SHLS?

By revenue growth (latest reported year), Array Technologies, Inc.

(ARRY) is pulling ahead at 40. 2% versus 8. 1% for Stem, Inc. (STEM). On earnings-per-share growth, the picture is similar: Stem, Inc. grew EPS 91. 3% year-over-year, compared to 3. 0% for Nextpower Inc.. Over a 3-year CAGR, NXT leads at 26. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — NXT or STEM or ARRY or SHLS?

Stem, Inc.

(STEM) is the more profitable company, earning 88. 2% net margin versus -4. 1% for Array Technologies, Inc. — meaning it keeps 88. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NXT leads at 21. 6% versus -38. 7% for STEM. At the gross margin level — before operating expenses — STEM leads at 35. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is NXT or STEM or ARRY or SHLS more undervalued right now?

On forward earnings alone, Array Technologies, Inc.

(ARRY) trades at 11. 7x forward P/E versus 27. 7x for Nextpower Inc. — 15. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for STEM: 137. 2% to $20. 67.

08

Which pays a better dividend — NXT or STEM or ARRY or SHLS?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

09

Is NXT or STEM or ARRY or SHLS better for a retirement portfolio?

For long-horizon retirement investors, Nextpower Inc.

(NXT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+289. 7% 10Y return). Stem, Inc. (STEM) carries a higher beta of 3. 66 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (NXT: +289. 7%, STEM: -95. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between NXT and STEM and ARRY and SHLS?

These companies operate in different sectors (NXT (Technology) and STEM (Technology) and ARRY (Energy) and SHLS (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: NXT is a mid-cap high-growth stock; STEM is a small-cap quality compounder stock; ARRY is a small-cap high-growth stock; SHLS is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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NXT

High-Growth Compounder

  • Sector: Technology
  • Market Cap > $100B
  • Revenue Growth > 16%
  • Net Margin > 9%
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STEM

Quality Mega-Cap Compounder

  • Sector: Technology
  • Market Cap > $100B
  • Net Margin > 56%
Run This Screen
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ARRY

Quality Business

  • Sector: Energy
  • Market Cap > $100B
  • Gross Margin > 13%
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SHLS

High-Growth Disruptor

  • Sector: Energy
  • Market Cap > $100B
  • Revenue Growth > 37%
  • Net Margin > 5%
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Custom Screen

Beat Both

Find stocks that outperform NXT and STEM and ARRY and SHLS on the metrics below

Revenue Growth>
%
(NXT: 33.9% · STEM: -10.8%)
Net Margin>
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(NXT: 16.4% · STEM: 94.2%)

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