Insider Selling: Nextpower (NASDAQ:NXT) President Sells $1,095,352.02 in Stock

Nextpower Inc. (NASDAQ:NXT) President Howard Wenger sold 9,051 shares of Nextpower stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $121.02, for a total transaction of $1,095,352.02. Following the transaction, the president directly owned 499,531 shares in the company, valued at approximately $60,453,241.62. This represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Howard Wenger also recently made the following trade(s):

• On Tuesday, May 26th, Howard Wenger sold 62,670 shares of Nextpower stock. The stock was sold at an average price of $130.25, for a total transaction of $8,162,767.50.
• On Wednesday, May 20th, Howard Wenger sold 16,090 shares of Nextpower stock. The stock was sold at an average price of $127.32, for a total transaction of $2,048,578.80.

Nextpower Stock Up 1.0%

Shares of NASDAQ NXT opened at $137.17 on Friday. The company’s fifty day moving average is $121.07 and its 200-day moving average is $108.11. The stock has a market cap of $20.37 billion, a price-to-earnings ratio of 35.81, a P/E/G ratio of 3.34 and a beta of 1.60. Nextpower Inc. has a twelve month low of $51.69 and a twelve month high of $156.78.

Nextpower (NASDAQ:NXT) last announced its quarterly 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 28.18%. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. On average, research analysts anticipate that Nextpower Inc. will post 3.76 EPS for the current fiscal year.

Trending Headlines about Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower announced a definitive agreement to acquire Prevalon Energy for up to $365 million, a move that expands its platform into battery storage and AI data center opportunities and could broaden its addressable market. Business Wire article
• Positive Sentiment: The company increased its fiscal 2027 outlook alongside the deal, signaling management confidence that the acquisition will support stronger longer-term earnings power. Business Wire article
• Neutral Sentiment: Recent insider sales by executives, including President Howard Wenger and insider Bruce Ledesma, were disclosed as pre-planned transactions tied to tax withholding on equity awards, which usually draws attention but does not necessarily indicate a negative operational change.
• Neutral Sentiment: Analyst commentary remains broadly supportive, with multiple firms maintaining buy-like ratings and several price target increases, reinforcing a constructive longer-term sentiment backdrop.

Institutional Investors Weigh In On Nextpower

Several institutional investors have recently added to or reduced their stakes in the stock. Alpine Woods Capital Investors LLC bought a new stake in Nextpower in the 1st quarter valued at $297,000. Glenmede Trust Co. NA increased its stake in Nextpower by 2.9% in the 1st quarter. Glenmede Trust Co. NA now owns 8,532 shares of the company’s stock valued at $1,029,000 after buying an additional 244 shares during the last quarter. FinArc Investments Inc. acquired a new stake in Nextpower in the 1st quarter valued at $1,933,000. Bank of America Corp DE increased its stake in Nextpower by 34.6% in the 1st quarter. Bank of America Corp DE now owns 1,568,235 shares of the company’s stock valued at $189,051,000 after buying an additional 402,770 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in Nextpower by 134.3% in the 1st quarter. Janus Henderson Group PLC now owns 1,362,466 shares of the company’s stock valued at $164,488,000 after buying an additional 780,958 shares during the last quarter. 67.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NXT. Jefferies Financial Group reissued a “buy” rating and set a $145.00 price target on shares of Nextpower in a research report on Wednesday, May 13th. BMO Capital Markets boosted their price objective on shares of Nextpower from $113.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group set a $140.00 price objective on shares of Nextpower and gave the company a “buy” rating in a research report on Tuesday, April 14th. Roth Mkm reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Nextpower in a research report on Wednesday, May 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Nextpower from $127.00 to $143.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Nextpower currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.54.

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.