Nextpower (NASDAQ:NXT) Sets New 52-Week High – Time to Buy?

Nextpower Inc. (NASDAQ:NXT) reached a new 52-week high during trading on Monday . The company traded as high as $133.19 and last traded at $133.0980, with a volume of 1249974 shares trading hands. The stock had previously closed at $125.91.

Key Nextpower News

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower beat fiscal Q4 earnings and revenue expectations, posting $1.05 EPS versus $0.89 expected and revenue of $880.5 million versus $826.3 million expected, reinforcing the company’s operating strength. Earnings report
• Positive Sentiment: The company also raised its FY2027 outlook, guiding to EPS of 4.210-4.590 and revenue of $3.8 billion-$4.1 billion, which supports the market’s view that growth can continue. Fiscal 2026 results
• Positive Sentiment: Several analysts lifted price targets after the results, including JPMorgan to $155, Susquehanna to $161, and Robert W. Baird to $156, signaling stronger Street confidence in Nextpower’s outlook. Analyst target updates
• Positive Sentiment: Nextpower announced a definitive agreement to acquire Zigor Corporation’s power conversion assets and Apex Power, a deal that could broaden its product portfolio and expand into battery energy storage and related markets. Acquisition announcement
• Neutral Sentiment: Not all analyst commentary was uniformly bullish: TD Cowen kept a hold rating and BMO Capital Markets maintained a market perform stance, suggesting some caution remains after the rally. Analyst ratings

Analysts Set New Price Targets

NXT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $129.00 price objective on shares of Nextpower and gave the company a “buy” rating in a research note on Thursday, April 9th. UBS Group increased their price objective on shares of Nextpower from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Nextpower in a research note on Friday, March 27th. Roth Mkm reiterated a “buy” rating and set a $155.00 price objective on shares of Nextpower in a research note on Wednesday. Finally, Citigroup increased their price objective on shares of Nextpower from $114.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.60.

Nextpower Price Performance

The company has a market capitalization of $20.25 billion, a price-to-earnings ratio of 35.61, a PEG ratio of 5.96 and a beta of 1.60. The stock’s fifty day simple moving average is $116.34 and its two-hundred day simple moving average is $105.72.

Nextpower (NASDAQ:NXT) last issued its earnings results on Tuesday, May 12th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.16. The company had revenue of $880.52 million for the quarter, compared to analysts’ expectations of $826.26 million. Nextpower had a net margin of 16.46% and a return on equity of 29.43%. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. On average, sell-side analysts predict that Nextpower Inc. will post 3.82 EPS for the current year.

Insider Buying and Selling at Nextpower

In related news, CEO Daniel S. Shugar sold 59,456 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $105.17, for a total value of $6,252,987.52. Following the sale, the chief executive officer owned 746,339 shares of the company’s stock, valued at $78,492,472.63. This trade represents a 7.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Nextpower

Several large investors have recently made changes to their positions in the business. Signature Equity Partners LLC boosted its position in shares of Nextpower by 76.4% during the 1st quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares in the last quarter. CI Investments Inc. bought a new position in shares of Nextpower during the 1st quarter valued at about $3,992,000. First Trust Advisors LP boosted its position in shares of Nextpower by 0.5% during the 1st quarter. First Trust Advisors LP now owns 528,244 shares of the company’s stock valued at $63,680,000 after purchasing an additional 2,590 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Nextpower by 3.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,263 shares of the company’s stock valued at $1,719,000 after purchasing an additional 540 shares in the last quarter. Finally, Hollencrest Capital Management bought a new position in shares of Nextpower during the 1st quarter valued at about $682,000. Institutional investors own 67.41% of the company’s stock.

About Nextpower

Nextpower, formerly known as Nextracker, is traded on NASDAQ under the symbol NXT and is a leading provider of advanced solar tracking solutions for utility-scale and distributed energy projects. The company specializes in the design, engineering and manufacturing of single-axis tracker systems that optimize the capture of solar energy by following the sun’s trajectory throughout the day. Nextpower’s core hardware offerings aim to enhance energy yield, reduce balance-of-system costs and simplify installation and maintenance for downstream solar developers and operators.

In addition to its tracker hardware, Nextpower provides a suite of digital software and analytics tools to maximize asset performance.