Bruce Ledesma Sells 3,248 Shares of Nextpower (NASDAQ:NXT) Stock

Nextpower Inc. (NASDAQ:NXT) insider Bruce Ledesma sold 3,248 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total transaction of $437,570.56. Following the transaction, the insider owned 246,130 shares in the company, valued at $33,158,633.60. This trade represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.

Nextpower Stock Performance

Shares of Nextpower stock opened at $137.17 on Friday. Nextpower Inc. has a 1 year low of $51.69 and a 1 year high of $156.78. The firm’s 50-day simple moving average is $121.07 and its 200-day simple moving average is $108.11. The firm has a market cap of $20.37 billion, a PE ratio of 35.81, a price-to-earnings-growth ratio of 3.34 and a beta of 1.60.

Nextpower (NASDAQ:NXT) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.16. The firm had revenue of $880.52 million during the quarter, compared to analyst estimates of $826.26 million. Nextpower had a return on equity of 28.18% and a net margin of 16.46%.Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. On average, equities analysts predict that Nextpower Inc. will post 3.76 earnings per share for the current year.

Key Headlines Impacting 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.

Hedge Funds Weigh In On Nextpower

Several hedge funds have recently made changes to their positions in the business. Alpine Woods Capital Investors LLC acquired a new stake in Nextpower during the first quarter valued at approximately $297,000. Glenmede Trust Co. NA lifted its position in shares of Nextpower by 2.9% during the 1st quarter. Glenmede Trust Co. NA now owns 8,532 shares of the company’s stock valued at $1,029,000 after acquiring an additional 244 shares during the last quarter. FinArc Investments Inc. bought a new stake in shares of Nextpower during the 1st quarter worth $1,933,000. Bank of America Corp DE raised its position in shares of Nextpower by 34.6% during the first quarter. Bank of America Corp DE now owns 1,568,235 shares of the company’s stock worth $189,051,000 after purchasing an additional 402,770 shares during the period. 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 worth $164,488,000 after purchasing an additional 780,958 shares in the last quarter. Institutional investors and hedge funds own 67.41% of the company’s stock.

Analyst Ratings Changes

NXT has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Nextpower from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Glj Research reissued a “buy” rating and issued a $147.33 price target on shares of Nextpower in a report on Monday, March 16th. The Goldman Sachs Group set a $140.00 price target on shares of Nextpower and gave the company a “buy” rating in a report on Tuesday, April 14th. Barclays lifted their price objective on shares of Nextpower from $123.00 to $142.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $145.00 price target on shares of Nextpower in a research note on Wednesday, May 13th. One research 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $136.54.

Nextpower Company Profile

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.