Nextpower Inc. $NXT Shares Acquired by De Lisle Partners LLP

De Lisle Partners LLP grew its stake in Nextpower Inc. (NASDAQ:NXT) by 37.7% during the 4th quarter, Holdings Channel reports. The firm owned 73,000 shares of the company’s stock after purchasing an additional 20,000 shares during the quarter. De Lisle Partners LLP’s holdings in Nextpower were worth $6,358,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NXT. Norges Bank acquired a new stake in shares of Nextpower in the fourth quarter valued at about $170,918,000. William Blair Investment Management LLC acquired a new stake in shares of Nextpower in the third quarter valued at about $108,739,000. Amundi grew its position in shares of 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. Electron Capital Partners LLC lifted its stake in shares of Nextpower by 2,017.7% in the third quarter. Electron Capital Partners LLC now owns 566,415 shares of the company’s stock worth $41,909,000 after buying an additional 539,668 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its stake in shares of Nextpower by 142.3% in the fourth quarter. Lord Abbett & CO. LLC now owns 848,110 shares of the company’s stock worth $73,879,000 after buying an additional 498,110 shares in the last quarter. Institutional investors and hedge funds own 67.41% of the company’s stock.

Nextpower Price Performance

Shares of NXT stock opened at $121.88 on Friday. The firm’s 50-day moving average is $124.40 and its two-hundred day moving average is $111.17. Nextpower Inc. has a 12 month low of $51.69 and a 12 month high of $163.13. The company has a market capitalization of $18.31 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 2.84 and a beta of 1.73.

Nextpower (NASDAQ:NXT) last issued its earnings results on Tuesday, May 12th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.16. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. The company had revenue of $880.52 million for the quarter, compared to the consensus estimate of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. Sell-side analysts forecast that Nextpower Inc. will post 3.69 EPS for the current year.

Insider Activity at Nextpower

In other Nextpower news, CEO Daniel S. Shugar sold 26,077 shares of Nextpower stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total transaction of $3,513,093.44. Following the transaction, the chief executive officer directly owned 931,419 shares of the company’s stock, valued at $125,480,767.68. The trade was a 2.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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, CFO Charles D. Boynton sold 4,500 shares of Nextpower stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $151.79, for a total transaction of $683,055.00. Following the transaction, the chief financial officer directly owned 358,500 shares in the company, valued at $54,416,715. This trade represents a 1.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 168,574 shares of company stock valued at $22,559,770 over the last ninety days. Corporate insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. BNP Paribas Exane raised their price target on shares of Nextpower from $177.00 to $182.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. BMO Capital Markets raised their price target on shares of Nextpower from $113.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. UBS Group reissued a “buy” rating and issued a $170.00 price target on shares of Nextpower in a research note on Friday, May 29th. Glj Research raised their price target on shares of Nextpower from $147.00 to $149.44 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Finally, Royal Bank Of Canada raised their price target on shares of Nextpower from $146.00 to $149.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Twenty analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $147.77.

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.