Analysts Issue Forecasts for Nextpower Q3 Earnings

Nextpower Inc. (NASDAQ:NXT) – Investment analysts at Northland Securities upped their Q3 2027 EPS estimates for Nextpower in a note issued to investors on Friday, May 29th. Northland Securities analyst G. Richard now expects that the company will earn $0.99 per share for the quarter, up from their prior forecast of $0.90. Northland Securities currently has a “Outperform” rating and a $162.00 target price on the stock. The consensus estimate for Nextpower’s current full-year earnings is $3.58 per share. Northland Securities also issued estimates for Nextpower’s Q4 2027 earnings at $1.01 EPS and FY2028 earnings at $4.48 EPS.

NXT has been the subject of a number of other research reports. Wolfe Research reiterated an “outperform” rating and issued a $160.00 price objective on shares of Nextpower in a report on Friday. Glj Research raised their target price on Nextpower from $147.00 to $149.44 and gave the stock a “buy” rating in a research note on Wednesday. Barclays raised their target price on Nextpower from $123.00 to $142.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. BMO Capital Markets raised their target price on Nextpower from $113.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $140.00 target price on shares of Nextpower in a research note on Thursday, May 14th. Twenty research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Nextpower currently has an average rating of “Moderate Buy” and an average target price of $147.27.

Nextpower Trading Up 5.0%

NXT stock opened at $152.22 on Wednesday. The company has a market cap of $22.87 billion, a price-to-earnings ratio of 39.74, a PEG ratio of 3.75 and a beta of 1.73. Nextpower has a 12 month low of $51.69 and a 12 month high of $163.13. The firm has a 50-day moving average of $122.42 and a two-hundred day moving average of $108.73.

Nextpower (NASDAQ:NXT) last posted 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. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. The firm had revenue of $880.52 million for the quarter, compared to analyst estimates of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS.

Insider Activity

In related news, President Howard Wenger sold 62,670 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $130.25, for a total transaction of $8,162,767.50. Following the completion of the sale, the president directly owned 426,467 shares of the company’s stock, valued at approximately $55,547,326.75. This trade represents a 12.81% decrease in their position. The sale was disclosed in a document filed 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. Also, insider Bruce Ledesma sold 3,248 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total value of $437,570.56. Following the sale, the insider directly owned 246,130 shares of the company’s stock, valued at $33,158,633.60. The trade was a 1.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last ninety days, insiders sold 228,030 shares of company stock worth $28,812,757. 0.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Nextpower

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Nextpower by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 14,167,845 shares of the company’s stock valued at $1,048,279,000 after acquiring an additional 283,981 shares during the period. State Street Corp boosted its stake in shares of Nextpower by 0.6% in the 3rd quarter. State Street Corp now owns 5,391,696 shares of the company’s stock valued at $398,932,000 after buying an additional 31,689 shares during the period. Geode Capital Management LLC lifted its stake in Nextpower by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 4,021,741 shares of the company’s stock worth $350,385,000 after purchasing an additional 236,593 shares during the last quarter. Invesco Ltd. lifted its stake in Nextpower by 5.1% during the fourth quarter. Invesco Ltd. now owns 2,864,660 shares of the company’s stock worth $249,541,000 after purchasing an additional 139,211 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Nextpower by 4.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,429,410 shares of the company’s stock worth $211,627,000 after purchasing an additional 111,782 shares during the last quarter. 67.41% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Northland Securities raised several forward earnings estimates for Nextpower, including Q1 2027 and multiple 2028 quarters, while keeping an Outperform rating and $162 price target, reinforcing a bullish long-term outlook. MarketBeat NXT page
• Positive Sentiment: Nextpower filed a patent infringement lawsuit against GameChange Solar over three patents tied to its self-powered solar tracker and TrueCapture energy management system, which may help defend pricing power and intellectual property. Nextpower Files Patent Lawsuit Against GameChange Solar
• Neutral Sentiment: GameChange Energy said it will vigorously defend against the allegations, creating litigation uncertainty that could take time to resolve. GameChange Energy response
• Negative Sentiment: COO Nicholas Marco Miller and CFO Charles Boynton both sold shares in pre-arranged Rule 10b5-1 plans. While routine, insider selling can dampen sentiment if investors worry management sees less near-term upside. Insider trades alert

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.