Royal Bank Of Canada Lowers Nextpower (NASDAQ:NXT) Price Target to $147.00

Nextpower (NASDAQ:NXT) had its target price cut by Royal Bank Of Canada from $149.00 to $147.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 64.01% from the company’s current price.

NXT has been the topic of several other reports. Needham & Company LLC reissued a “buy” rating and set a $149.00 price target on shares of Nextpower in a research report on Friday, May 29th. Mizuho upped their price target on Nextpower from $130.00 to $142.00 and gave the stock a “neutral” rating in a report on Monday, June 8th. Weiss Ratings downgraded shares of Nextpower from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $140.00 price objective on shares of Nextpower in a research note on Thursday, May 14th. Finally, TD Cowen reduced their target price on shares of Nextpower from $135.00 to $118.00 and set a “hold” rating on the stock in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $148.42.

Nextpower Trading Down 7.5%

NASDAQ:NXT traded down $7.27 during mid-day trading on Friday, hitting $89.63. The company had a trading volume of 4,478,860 shares, compared to its average volume of 2,450,245. The business has a fifty day simple moving average of $118.31 and a 200-day simple moving average of $116.47. Nextpower has a 1 year low of $52.61 and a 1 year high of $163.13. The firm has a market capitalization of $13.47 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 1.85 and a beta of 1.86.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.15. Nextpower had a return on equity of 28.18% and a net margin of 16.46%.The company had revenue of $935.17 million for the quarter, compared to analysts’ expectations of $935.39 million. As a group, research analysts anticipate that Nextpower will post 3.73 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Charles D. Boynton sold 4,500 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $151.79, for a total value of $683,055.00. Following the completion of the transaction, the chief financial officer owned 358,500 shares of the company’s stock, valued at approximately $54,416,715. This represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Daniel S. Shugar sold 26,077 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total value of $3,513,093.44. Following the sale, the chief executive officer owned 931,419 shares of the company’s stock, valued at approximately $125,480,767.68. This trade represents a 2.72% decrease in their position. The SEC filing for this sale provides additional information. 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 90 days, insiders have sold 168,574 shares of company stock valued at $22,559,770. Insiders own 0.84% of the company’s stock.

Hedge Funds Weigh In On Nextpower

Several institutional investors and hedge funds have recently made changes to their positions in NXT. State Street Corp grew its position in shares of Nextpower by 0.6% during the third quarter. State Street Corp now owns 5,391,696 shares of the company’s stock worth $398,932,000 after buying an additional 31,689 shares in the last quarter. Geode Capital Management LLC raised its holdings in Nextpower by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 4,021,741 shares of the company’s stock valued at $350,385,000 after acquiring an additional 236,593 shares in the last quarter. Invesco Ltd. boosted its stake in Nextpower by 5.1% during the 4th quarter. Invesco Ltd. now owns 2,864,660 shares of the company’s stock valued at $249,541,000 after acquiring an additional 139,211 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Nextpower by 4.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,429,410 shares of the company’s stock valued at $211,627,000 after acquiring an additional 111,782 shares during the last quarter. Finally, Amundi grew its holdings in Nextpower by 156.1% during the 3rd quarter. Amundi now owns 2,111,628 shares of the company’s stock worth $161,600,000 after acquiring an additional 1,287,071 shares in 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: Nextpower reported record fiscal 2026 revenue of $3.56 billion and raised its fiscal 2027 outlook, signaling continued demand and improving growth prospects. Nextpower posts record $3.56 billion FY26 revenue, raises 2027 outlook
• Positive Sentiment: Fiscal Q1 2027 adjusted earnings came in at $1.20 per share, above the $1.05 consensus estimate. Revenue reached $935.2 million, up 8.2% year over year, while gross profit increased 19.2% and operating cash flow rose 48.9% to $121.1 million. Nextpower Q1 earnings and revenues surpass estimates
• Positive Sentiment: Nextpower completed its acquisition of Zigor Corporation’s power-conversion assets and Apex Power, expanding its inverter platform and accelerating U.S. manufacturing capabilities. Nextpower completes acquisition of power conversion assets
• Positive Sentiment: Truist raised its price target to $145 and maintained a Buy rating. Susquehanna lowered its target to $157 but retained a Positive rating, leaving both targets well above the recent share price. Roth Capital also reiterated its Buy rating. Nextpower analyst price target changes
• Neutral Sentiment: Revenue was approximately $935 million, narrowly below analyst expectations of $935.4 million. The modest top-line shortfall may have contributed to the weaker market reaction despite the earnings beat.
• Negative Sentiment: Reported insider-trading data showed no insider purchases and 24 insider sales during the past six months, including sales by senior executives. While such transactions may be scheduled or compensation-related, the pattern can weigh on investor sentiment. Nextpower earnings and insider trading activity

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.