Nextpower Inc. $NXT Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG decreased its holdings in Nextpower Inc. (NASDAQ:NXT) by 3.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 913,564 shares of the company’s stock after selling 28,963 shares during the period. Nextpower makes up approximately 1.5% of Robeco Schweiz AG’s investment portfolio, making the stock its 22nd largest position. Robeco Schweiz AG’s holdings in Nextpower were worth $67,595,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NXT. Natural Investments LLC lifted its position in Nextpower by 0.9% during the third quarter. Natural Investments LLC now owns 16,750 shares of the company’s stock worth $1,239,000 after buying an additional 155 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Nextpower by 8.3% during the third quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company’s stock worth $191,000 after purchasing an additional 198 shares during the period. State of Michigan Retirement System grew its stake in shares of Nextpower by 0.6% in the 2nd quarter. State of Michigan Retirement System now owns 34,600 shares of the company’s stock valued at $1,881,000 after buying an additional 200 shares during the period. Redwood Investment Management LLC increased its holdings in shares of Nextpower by 4.1% during the 2nd quarter. Redwood Investment Management LLC now owns 5,177 shares of the company’s stock worth $281,000 after buying an additional 204 shares during the last quarter. Finally, Securian Asset Management Inc. raised its position in shares of Nextpower by 2.1% during the 3rd quarter. Securian Asset Management Inc. now owns 11,081 shares of the company’s stock valued at $820,000 after buying an additional 223 shares during the period. 67.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO David P. Bennett sold 33,725 shares of Nextpower stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $88.08, for a total transaction of $2,970,498.00. Following the sale, the chief accounting officer owned 130,967 shares in the company, valued at approximately $11,535,573.36. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William D. Watkins sold 10,000 shares of the company’s 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 completion of the sale, the director owned 16,777 shares of the company’s stock, valued at approximately $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. Over the last quarter, insiders have sold 91,468 shares of company stock valued at $8,246,979. 0.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Jefferies Financial Group downgraded Nextpower from a “strong-buy” rating to a “hold” rating in a research report on Sunday, December 14th. Northland Securities set a $111.00 price objective on shares of Nextpower in a report on Tuesday, January 6th. Robert W. Baird set a $100.00 target price on shares of Nextpower in a research note on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Nextpower in a research report on Monday, December 29th. Finally, Royal Bank Of Canada raised their price target on Nextpower from $93.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.57.

Nextpower Stock Performance

NXT stock opened at $100.24 on Wednesday. The company’s 50 day moving average price is $91.71 and its 200 day moving average price is $78.35. The firm has a market capitalization of $14.87 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 3.42 and a beta of 2.38. Nextpower Inc. has a fifty-two week low of $36.06 and a fifty-two week high of $112.74.

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

About Nextpower

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.