I rather if they do a sequel since the first movie only came out a year ago. They can easily upgrade the designs of the zords and suits in the next movie.

Not happening. It doesn't matter if anyone liked the last movie or not, Hasbro & Paramount will be making the new movies, not Saban and Lionsgate. Also the last movie didn't make that much money, also Hasbro is trying to make a Cinematic Universe which they might put Power Rangers in now. It 's going to be a reboot, not a sequel that non of the current studios worked on. Hasbro is also going to be rebooting Transformers soon. Also the Amazing Spider-Man 2 came out 3 years before Spider-Man Homecoming, so Power Rangers might get a reboot movie in 3 or 4 years from now.

I wouldn't say a sequel is 100% out, Hasbro works with Takara and Bandai despite them being rival companies in japan, so working with Paramount and Lionsgate is possible. but yeah a reboot is more likely. also the hasbro cinematic universe thing has been cancelled and uncancelled multiple times, Hasbro may not do it, they keep cancelling movies that are suppose to be key components of this shared universe. its a bold concept and maybe not worth the gamble, especially with a series like power rangers that has such a long history in its own little bubble.

If anything I could see Power Rangers making the HCU more likely since, obviously, it's far more popular and iconic than something like ROM or GI Joe; no matter how much you like those franchises. It's finally another star player besides Transformers.

I hope don't be the 2017 sequel.