Nextpower (NASDAQ:NXT) Director William Watkins Sells 10,000 Shares of Stock

Nextpower Inc. (NASDAQ:NXT) Director William Watkins sold 10,000 shares of Nextpower stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $91.85, for a total value of $918,500.00. Following the sale, the director directly 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Nextpower Stock Down 1.0%

Shares of Nextpower stock traded down $0.91 during trading on Wednesday, hitting $89.64. 1,735,314 shares of the stock traded hands, compared to its average volume of 2,498,465. The stock has a market cap of $13.30 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 3.10 and a beta of 2.31. Nextpower Inc. has a 52 week low of $33.29 and a 52 week high of $112.74. The firm’s fifty day moving average is $86.12 and its 200-day moving average is $68.96.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NXT. Danske Bank A S bought a new stake in shares of Nextpower during the third quarter valued at approximately $33,298,000. Advisory Services Network LLC purchased a new position in Nextpower during the third quarter valued at $467,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Nextpower by 23.4% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 59,534 shares of the company’s stock valued at $4,403,000 after buying an additional 11,300 shares in the last quarter. Abel Hall LLC purchased a new stake in shares of Nextpower in the 3rd quarter worth about $203,000. Finally, Kestra Private Wealth Services LLC increased its stake in shares of Nextpower by 141.1% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 15,927 shares of the company’s stock worth $1,178,000 after acquiring an additional 9,320 shares in the last quarter. Institutional investors own 67.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on NXT. Royal Bank Of Canada increased their target price on shares of Nextpower from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, November 13th. Wall Street Zen cut Nextpower from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 25th. TD Cowen lifted their price objective on Nextpower from $65.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, October 24th. Roth Capital restated a “buy” rating and set a $120.00 target price on shares of Nextpower in a report on Thursday, November 13th. Finally, Jefferies Financial Group raised their price target on Nextpower from $84.00 to $104.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Nextpower currently has an average rating of “Moderate Buy” and a consensus target price of $95.76.

About Nextpower

Nextpower, formerly known as Nextracker, an energy solutions company, provides solar trackers and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.