Nextpower (NASDAQ:NXT) Price Target Raised to $145.00 at Truist Financial

Nextpower (NASDAQ:NXT) had its price objective hoisted by investment analysts at Truist Financial from $140.00 to $145.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 47.94% from the company’s current price.

NXT has been the subject of several other research reports. Northland Securities raised their price objective on shares of Nextpower from $148.00 to $162.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Barclays upped their price objective on Nextpower from $142.00 to $147.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. TD Cowen decreased their price objective on Nextpower from $135.00 to $118.00 and set a “hold” rating on the stock in a research report on Monday, July 20th. BNP Paribas Exane lifted their target price on Nextpower from $177.00 to $182.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Finally, Roth Capital reaffirmed a “buy” rating and set a $175.00 price target on shares of Nextpower in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $151.46.

Nextpower Stock Performance

Nextpower stock opened at $98.01 on Friday. The business’s fifty day moving average is $118.31 and its two-hundred day moving average is $116.47. The firm has a market cap of $14.73 billion, a P/E ratio of 25.79, a P/E/G ratio of 1.85 and a beta of 1.86. Nextpower has a 52 week low of $52.61 and a 52 week high of $163.13.

Nextpower (NASDAQ:NXT) last announced its earnings results on Thursday, July 30th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.15. Nextpower had a return on equity of 28.18% and a net margin of 16.46%.The company had revenue of $935.17 million during the quarter, compared to analyst estimates of $935.39 million. On average, equities research analysts predict that Nextpower will post 3.73 earnings per share for the current year.

Insiders Place Their Bets

In other Nextpower news, COO Nicholas Marco Miller sold 24,511 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $127.32, for a total transaction of $3,120,740.52. Following the completion of the sale, the chief operating officer owned 221,533 shares in the company, valued at approximately $28,205,581.56. The trade was a 9.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bruce Ledesma sold 3,248 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total value of $437,570.56. Following the completion of the transaction, the insider directly owned 246,130 shares in the company, valued at approximately $33,158,633.60. This trade represents a 1.30% decrease in their position. The SEC filing for this sale provides additional information. 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 a total of 168,574 shares of company stock valued at $22,559,770 over the last three months. 0.84% of the stock is owned by insiders.

Institutional Investors Weigh In On Nextpower

A number of institutional investors have recently made changes to their positions in the stock. Signature Equity Partners LLC increased its holdings in Nextpower by 76.4% in the first quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Nextpower by 107.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock valued at $26,000 after purchasing an additional 155 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in Nextpower by 268.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock valued at $28,000 after purchasing an additional 223 shares in the last quarter. Huntington National Bank raised its holdings in Nextpower by 480.3% in the fourth quarter. Huntington National Bank now owns 383 shares of the company’s stock worth $33,000 after purchasing an additional 317 shares during the period. Finally, Baillie Gifford & Co. boosted its position in shares of Nextpower by 76.5% during the fourth quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock worth $37,000 after purchasing an additional 182 shares in the last quarter. 67.41% of the stock is owned by institutional investors and hedge funds.

Nextpower News Summary

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Nextpower reported adjusted earnings of $1.20 per share, above the $1.05 consensus estimate and up from $1.16 a year earlier. GAAP diluted EPS was $1.07, compared with $1.04 in the prior-year quarter. Nextpower Q1 earnings and revenues surpass estimates
• Positive Sentiment: Revenue increased 8.2% year over year to approximately $935 million, while gross profit rose 19.2% to $336 million. Gross margin expanded to 35.9% from 32.6%, supporting the bullish reaction. Nextpower reports Q1 fiscal year 2027 financial results
• Positive Sentiment: Operating cash flow jumped 48.9% to $121.1 million, and cash and equivalents reached roughly $1.2 billion. The strong balance sheet and relatively limited capital spending improve financial flexibility. Nextpower earnings, revenue growth and higher cash flow
• Positive Sentiment: The completed acquisition of Zigor Corporation’s power-conversion assets and Apex Power is expected to broaden Nextpower’s inverter and energy-storage technology platform and accelerate U.S. manufacturing. Nextpower completes power conversion acquisition
• Neutral Sentiment: Analyst sentiment remains favorable, with Roth Capital reiterating a Buy rating and recent price targets well above the current market level. However, targets may not immediately reflect the quarter’s modest revenue growth. Roth Capital reiterates Buy rating
• Negative Sentiment: Revenue of $935.2 million narrowly missed the approximately $935.4 million consensus estimate, indicating that the earnings beat was driven more by profitability than stronger-than-expected sales. Nextpower misses sales expectations
• Negative Sentiment: Investors should also note valuation and governance risks: the stock remains well below its 50-day and 200-day moving averages, while reported insider activity showed 24 sales and no purchases over the past six months.

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.