69,089 Nextpower Inc. $NXT Shares Acquired by Trillium Asset Management LLC

Trillium Asset Management LLC boosted its stake in shares of Nextpower Inc. (NASDAQ:NXT) by 68.9% during the third quarter, Holdings Channel.com reports. The fund owned 169,432 shares of the company’s stock after acquiring an additional 69,089 shares during the period. Trillium Asset Management LLC’s holdings in Nextpower were worth $13,204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signature Equity Partners LLC lifted its position in shares of Nextpower by 76.4% during the 1st quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock valued at $31,000 after acquiring an additional 113 shares during the period. Sigma Planning Corp raised its position in Nextpower by 4.9% during the third quarter. Sigma Planning Corp now owns 3,779 shares of the company’s stock valued at $294,000 after purchasing an additional 175 shares in the last quarter. TFB Advisors LLC raised its position in Nextpower by 5.0% during the third quarter. TFB Advisors LLC now owns 3,793 shares of the company’s stock valued at $296,000 after purchasing an additional 182 shares in the last quarter. North Dakota State Investment Board lifted its stake in Nextpower by 4.7% during the third quarter. North Dakota State Investment Board now owns 4,565 shares of the company’s stock worth $356,000 after purchasing an additional 203 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in Nextpower by 2.9% during the first quarter. Glenmede Trust Co. NA now owns 8,532 shares of the company’s stock worth $1,029,000 after purchasing an additional 244 shares during the last quarter. 67.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Nextpower news, Director Brandi Thomas sold 7,415 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $91.25, for a total transaction of $676,618.75. Following the sale, the director owned 7,914 shares of the company’s stock, valued at approximately $722,152.50. The trade was a 48.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Charles Boynton sold 4,500 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $79.98, for a total transaction of $359,910.00. Following the transaction, the chief financial officer owned 354,000 shares of the company’s stock, valued at $28,312,920. This trade represents a 1.26% 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. Over the last quarter, insiders have sold 19,330 shares of company stock valued at $1,674,948. 0.84% of the stock is currently owned by insiders.

Nextpower Stock Performance

Shares of Nextpower stock traded up $1.43 during midday trading on Friday, hitting $95.03. 1,999,538 shares of the company traded hands, compared to its average volume of 3,263,900. The firm’s fifty day moving average price is $85.28 and its 200-day moving average price is $106.58. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 1.97 and a beta of 1.93. Nextpower Inc. has a 12 month low of $75.40 and a 12 month high of $163.13.

Nextpower (NASDAQ:NXT) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.10 by $0.21. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. Nextpower had a net margin of 15.98% and a return on equity of 25.33%. Equities research analysts forecast that Nextpower Inc. will post 3.98 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on NXT. Deutsche Bank set a $137.00 target price on Nextpower in a report on Monday, August 3rd. Roth Capital set a $140.00 price target on Nextpower in a report on Thursday, October 29th. Needham & Company LLC lowered their price target on Nextpower from $149.00 to $143.00 and set a “buy” rating for the company in a report on Thursday, October 29th. JPMorgan Chase & Co. dropped their price objective on Nextpower from $136.00 to $134.00 and set an “overweight” rating for the company in a research report on Thursday, October 29th. Finally, Robert W. Baird reduced their price objective on Nextpower from $156.00 to $116.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Nextpower has an average rating of “Moderate Buy” and an average price target of $134.93.

About Nextpower

Nextpower, Inc., formerly known as Nextracker, designs and supplies solar-tracking systems and related technology for utility-scale solar power plants. Its equipment helps solar panels follow the sun across the day, increasing the amount of energy generated by a project. The company’s offerings include its NX Horizon tracker platform and TrueCapture software, which uses data and controls to adjust tracker positioning to site conditions. Nextpower also provides engineering and project support services to solar developers, contractors and plant operators.