Northland Securities Comments on Nextpower Q2 Earnings

Nextpower Inc. (NASDAQ:NXT) – Northland Securities issued their Q2 2027 earnings estimates for Nextpower in a research report issued on Friday, July 31st. Northland Securities analyst G. Richard forecasts that the company will post earnings of $0.86 per share for the quarter. Northland Securities has a “Outperform” rating and a $162.00 price objective on the stock. The consensus estimate for Nextpower’s current full-year earnings is $3.75 per share. Northland Securities also issued estimates for Nextpower’s Q4 2027 earnings at $0.91 EPS, FY2027 earnings at $3.81 EPS, Q1 2028 earnings at $1.01 EPS, Q2 2028 earnings at $1.15 EPS, Q3 2028 earnings at $1.15 EPS, Q4 2028 earnings at $1.07 EPS and FY2028 earnings at $4.40 EPS.

Nextpower (NASDAQ:NXT) last posted its earnings results on Thursday, July 30th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.05 by $0.15. Nextpower had a net margin of 16.36% and a return on equity of 26.29%. The company had revenue of $935.17 million during the quarter, compared to the consensus estimate of $935.39 million.

Several other equities analysts also recently commented on NXT. Loop Capital set a $135.00 target price on shares of Nextpower in a research report on Wednesday, May 13th. Susquehanna decreased their price target on Nextpower from $168.00 to $157.00 and set a “positive” rating for the company in a research note on Friday, July 31st. BMO Capital Markets raised Nextpower from a “hold” rating to an “outperform” rating and set a $132.00 price objective on the stock in a research note on Friday, July 31st. Citigroup decreased their target price on Nextpower from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Monday. Finally, Freedom Capital upgraded Nextpower from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $146.12.

Nextpower Trading Up 1.4%

NXT stock opened at $99.81 on Thursday. The firm has a market cap of $15.00 billion, a PE ratio of 25.86, a PEG ratio of 1.96 and a beta of 1.95. Nextpower has a 1 year low of $52.61 and a 1 year high of $163.13. The company has a fifty day simple moving average of $115.33 and a 200 day simple moving average of $116.37.

Insider Activity

In other Nextpower news, CFO Charles D. Boynton sold 4,500 shares of Nextpower stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $151.79, for a total value of $683,055.00. Following the transaction, the chief financial officer directly owned 358,500 shares of the company’s stock, valued at $54,416,715. The trade was a 1.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bruce Ledesma sold 3,248 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total value of $437,570.56. Following the transaction, the insider owned 246,130 shares of the company’s stock, valued at approximately $33,158,633.60. This trade represents a 1.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders have sold 168,574 shares of company stock worth $22,559,770 over the last 90 days. Company insiders own 0.84% of the company’s stock.

Institutional Investors Weigh In On Nextpower

Several hedge funds and other institutional investors have recently modified their holdings of NXT. Signature Equity Partners LLC lifted its position in shares of Nextpower by 76.4% in the 1st quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock worth $31,000 after acquiring an additional 113 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Nextpower by 107.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock valued at $26,000 after purchasing an additional 155 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Nextpower by 268.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock valued at $28,000 after purchasing an additional 223 shares in the last quarter. Huntington National Bank raised its stake in shares of Nextpower by 480.3% in the fourth quarter. Huntington National Bank now owns 383 shares of the company’s stock valued at $33,000 after purchasing an additional 317 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its position in Nextpower by 76.5% in the fourth quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock worth $37,000 after purchasing an additional 182 shares during the period. Institutional investors and hedge funds own 67.41% of the company’s stock.

Nextpower News Roundup

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Northland Securities maintained an “Outperform” rating and a $162 price target. The firm projects FY2027 EPS of $3.81 and FY2028 EPS of $4.40, indicating continued earnings growth from the current-year consensus of $3.75 per share.
• Positive Sentiment: GLJ Research reaffirmed its “Buy” rating and set a $149 price target, implying substantial potential upside based on the referenced $99.81 price. GLJ Research reaffirms Buy rating
• Positive Sentiment: Citigroup also issued a Buy rating on Nextpower, adding to the favorable analyst coverage. Nextpower gets a Buy rating from Citi
• Neutral Sentiment: Northland raised its Q3 2028 EPS forecast to $1.15 from $1.13, while initiating estimates of $0.86 for Q2 2027. These revisions suggest longer-term earnings expansion, but do not materially change the near-term outlook.
• Negative Sentiment: Northland lowered its Q4 2027 EPS estimate to $0.91 from $1.01, Q1 2028 to $1.01 from $1.06, Q2 2028 to $1.15 from $1.20, Q4 2028 to $1.07 from $1.09, and FY2028 to $4.40 from $4.48. The broad pattern of cuts may weigh on sentiment because it points to somewhat slower-than-previously-expected earnings growth.
• Negative Sentiment: Citigroup-related coverage has also included a pessimistic forecast for NXT, creating uncertainty despite the firm’s reported Buy stance. Citigroup forecast for Nextpower

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.