Nextpower Inc. (NASDAQ:NXT) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Nextpower Inc. (NASDAQ:NXT) have received a consensus rating of “Moderate Buy” from the twenty-five analysts that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $146.3888.

A number of analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Nextpower from $133.00 to $156.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Jefferies Financial Group increased their target price on shares of Nextpower from $145.00 to $159.00 and gave the company a “buy” rating in a research note on Friday. Loop Capital set a $135.00 target price on shares of Nextpower in a research note on Wednesday, May 13th. Barclays increased their target price on shares of Nextpower from $123.00 to $142.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Finally, Wells Fargo & Company increased their target price on shares of Nextpower from $143.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday.

Insider Buying and Selling at Nextpower

In related news, insider Bruce Ledesma sold 3,248 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total transaction of $437,570.56. Following the completion of the sale, the insider directly owned 246,130 shares of the company’s stock, valued at $33,158,633.60. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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, President Howard Wenger sold 62,670 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $130.25, for a total transaction of $8,162,767.50. Following the sale, the president directly owned 426,467 shares of the company’s stock, valued at approximately $55,547,326.75. This represents a 12.81% 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 sold 240,995 shares of company stock valued at $28,661,778 in the last ninety days. Company insiders own 0.56% of the company’s stock.

Institutional Trading of Nextpower

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Nextpower by 19.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 437,490 shares of the company’s stock valued at $18,436,000 after acquiring an additional 71,842 shares during the period. M&T Bank Corp acquired a new stake in shares of Nextpower during the second quarter valued at approximately $223,000. EverSource Wealth Advisors LLC raised its holdings in shares of Nextpower by 179.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock valued at $61,000 after acquiring an additional 724 shares during the period. Cerity Partners LLC raised its holdings in shares of Nextpower by 154.0% during the second quarter. Cerity Partners LLC now owns 18,539 shares of the company’s stock valued at $1,008,000 after acquiring an additional 11,239 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of Nextpower by 36.5% during the second quarter. California Public Employees Retirement System now owns 222,960 shares of the company’s stock valued at $12,122,000 after acquiring an additional 59,573 shares during the period. 67.41% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower announced a definitive agreement to acquire Prevalon Energy, a move that opens a new battery energy storage and AI data center infrastructure growth channel and could broaden its total addressable market. Article: Nextpower Announces Entry into Battery Energy Storage (BESS) and AI Data Center Markets…
• Positive Sentiment: The company also raised its fiscal 2027 outlook, reinforcing confidence that the acquisition and related market expansion could accelerate future revenue and EBITDA growth. Article: A Green Energy Revival Is Under Way. Nextpower Is Leading the Charge.
• Positive Sentiment: Several analysts turned more constructive, with multiple firms raising price targets and reiterating overweight/buy ratings, including JPMorgan, KeyCorp, BNP Paribas Exane, and Wells Fargo. Article: Analyst price target updates on Nextpower
• Neutral Sentiment: Insider sales by executives were disclosed, but they were described as pre-arranged 10b5-1 transactions and tax-withholding sales tied to equity vesting, which makes them less likely to be read as a negative operating signal. Article: Daniel Shugar Sells 26,077 Shares of Nextpower (NASDAQ:NXT) Stock

Nextpower Trading Up 14.0%

Shares of NASDAQ:NXT opened at $156.40 on Friday. The company has a 50 day moving average of $121.89 and a 200-day moving average of $108.44. The firm has a market cap of $23.22 billion, a P/E ratio of 40.84, a P/E/G ratio of 3.90 and a beta of 1.60. Nextpower has a twelve month low of $51.69 and a twelve month high of $163.13.

Nextpower (NASDAQ:NXT) last issued 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. The company had revenue of $880.52 million during the quarter, compared to analyst estimates of $826.26 million. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Equities research analysts forecast that Nextpower will post 3.58 EPS for the current year.

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.