Nextpower Inc. $NXT Shares Purchased by Renaissance Capital LLC

Renaissance Capital LLC grew its position in shares of Nextpower Inc. (NASDAQ:NXT) by 25.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 125,612 shares of the company’s stock after purchasing an additional 25,577 shares during the quarter. Nextpower accounts for 5.2% of Renaissance Capital LLC’s portfolio, making the stock its 5th largest position. Renaissance Capital LLC’s holdings in Nextpower were worth $9,294,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. boosted its stake in Nextpower by 22.2% during the first quarter. Raymond James Financial Inc. now owns 157,634 shares of the company’s stock valued at $6,643,000 after buying an additional 28,683 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Nextpower by 703.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 659 shares of the company’s stock valued at $28,000 after acquiring an additional 577 shares during the last quarter. Ieq Capital LLC bought a new position in shares of Nextpower during the 1st quarter valued at about $674,000. State of Wyoming acquired a new position in shares of Nextpower in the 1st quarter worth approximately $184,000. Finally, Evergreen Capital Management LLC grew its stake in shares of Nextpower by 19.2% in the 1st quarter. Evergreen Capital Management LLC now owns 8,296 shares of the company’s stock worth $350,000 after purchasing an additional 1,337 shares during the last quarter. Institutional investors own 67.41% of the company’s stock.

Insider Buying and Selling at Nextpower

In other Nextpower news, CAO David P. Bennett sold 33,725 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $88.08, for a total value of $2,970,498.00. Following the transaction, the chief accounting officer owned 130,967 shares in the company, valued at approximately $11,535,573.36. This represents a 20.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William D. Watkins sold 10,000 shares of Nextpower stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $91.85, for a total transaction of $918,500.00. Following the sale, the director directly owned 16,777 shares of the company’s stock, valued at $1,540,967.45. This trade represents a 37.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 91,468 shares of company stock worth $8,246,979. 0.56% of the stock is currently owned by company insiders.

Nextpower Trading Down 3.5%

NASDAQ:NXT opened at $87.04 on Wednesday. Nextpower Inc. has a 1-year low of $36.06 and a 1-year high of $112.74. The firm has a market capitalization of $12.92 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 3.13 and a beta of 2.35. The business’s fifty day moving average price is $92.90 and its 200 day moving average price is $76.01.

Nextpower (NASDAQ:NXT) last released its earnings results on Thursday, October 23rd. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.21. The company had revenue of $905.27 million for the quarter, compared to analysts’ expectations of $839.53 million. Nextpower had a return on equity of 35.05% and a net margin of 17.08%.Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. Equities analysts forecast that Nextpower Inc. will post 3.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

NXT has been the subject of a number of research reports. Barclays raised their target price on shares of Nextpower from $92.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Bank of America raised their price objective on Nextpower from $94.00 to $102.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Deutsche Bank Aktiengesellschaft set a $99.00 target price on Nextpower and gave the stock a “buy” rating in a report on Friday, October 24th. Wells Fargo & Company upped their target price on Nextpower from $72.00 to $109.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Finally, Roth Capital reissued a “buy” rating and issued a $120.00 price target on shares of Nextpower in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Nextpower has a consensus rating of “Moderate Buy” and an average target price of $95.76.

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.