Insider Selling: Nextpower (NASDAQ:NXT) Director Sells $222,536.58 in Stock

Nextpower Inc. (NASDAQ:NXT) Director Julia Blunden sold 2,289 shares of Nextpower stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $97.22, for a total value of $222,536.58. Following the sale, the director directly owned 7,415 shares in the company, valued at approximately $720,886.30. The trade was a 23.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Nextpower Stock Performance

NASDAQ:NXT opened at $103.26 on Friday. Nextpower Inc. has a fifty-two week low of $52.61 and a fifty-two week high of $163.13. The firm has a 50-day simple moving average of $113.49 and a two-hundred day simple moving average of $116.29. The firm has a market cap of $15.52 billion, a P/E ratio of 26.75, a P/E/G ratio of 2.07 and a beta of 1.95.

Nextpower (NASDAQ:NXT) last posted its earnings results on Thursday, July 30th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.15. The company had revenue of $935.17 million for the quarter, compared to the consensus estimate of $935.39 million. Nextpower had a return on equity of 26.29% and a net margin of 16.36%. On average, equities research analysts predict that Nextpower Inc. will post 3.73 EPS for the current year.

Institutional Trading of Nextpower

Institutional investors have recently modified their holdings of the stock. State Street Corp raised its position in shares of Nextpower by 0.6% in the third 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 last quarter. Geode Capital Management LLC grew its position in Nextpower by 6.3% in the 4th 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. grew its holdings in shares of Nextpower by 5.1% in the fourth quarter. Invesco Ltd. now owns 2,864,660 shares of the company’s stock valued at $249,541,000 after purchasing an additional 139,211 shares in the last quarter. Price T Rowe Associates Inc. MD increased 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 worth $211,627,000 after buying an additional 111,782 shares during the period. Finally, Amundi boosted its holdings in Nextpower by 156.1% in the third quarter. Amundi now owns 2,111,628 shares of the company’s stock valued at $161,600,000 after purchasing an additional 1,287,071 shares during the period. Institutional investors and hedge funds own 67.41% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on NXT. KeyCorp raised their price objective on Nextpower from $152.00 to $164.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $149.00 price target on shares of Nextpower in a report on Friday, May 29th. Guggenheim upgraded Nextpower from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Wednesday, July 15th. Zacks Research upgraded Nextpower from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Finally, TD Cowen reduced their target price on Nextpower from $135.00 to $118.00 and set a “hold” rating on the stock in a research report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $146.12.

Key Stories Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Analyst support remains favorable. GLJ Research reaffirmed its “Buy” rating, while Northland Securities maintained an “Outperform” rating and a $162 price target. These targets suggest analysts see meaningful long-term upside if Nextpower executes on its growth plans. GLJ Research rating report
• Positive Sentiment: Recent operating results provided a supportive backdrop. Nextpower’s latest quarterly EPS of $1.20 exceeded the $1.05 consensus estimate, although revenue of $935.17 million was essentially in line with expectations. The company reported a 16.36% net margin and 26.29% return on equity.
• Neutral Sentiment: Northland’s forecast changes were mixed. The firm raised its Q3 2028 EPS estimate to $1.15 from $1.13 and projected FY2027 EPS of $3.81, above the current-year consensus of approximately $3.73–$3.75. However, it reduced estimates for Q1 2028, Q2 2028, Q4 2027, Q4 2028 and FY2028, with the FY2028 forecast falling to $4.40 from $4.48. The revisions may temper enthusiasm about the pace of longer-term earnings growth.
• Negative Sentiment: A director disclosed a sizable insider sale. Julia Blunden sold 2,289 shares for approximately $222,537 at an average price of $97.22, reducing her direct ownership by 23.59% to 7,415 shares. The transaction can weigh on sentiment, although insider sales may reflect personal financial needs rather than a negative view of the business. Nextpower insider sale report

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.