Key Points
- Nextpower CEO Daniel Shugar sold 47,743 shares on Nov. 17 at an average price of $91.28 for a total of $4,357,981, reducing his ownership by 7.10% to 624,882 shares (≈$57.04M).
- Nextpower beat expectations in its latest quarter with $1.19 EPS vs. $0.98 expected and revenue of $905.27M (vs. $839.53M), and set FY2026 guidance of $4.040–4.250 EPS.
- The stock recently traded around $90.55 (52-week range $33.29–$112.74) with a $13.44B market cap, and analysts have a consensus rating of "Moderate Buy" with a $95.76 target price.
Nextpower Inc. (NASDAQ:NXT - Get Free Report) CEO Daniel Shugar sold 47,743 shares of the firm's stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $91.28, for a total transaction of $4,357,981.04. Following the transaction, the chief executive officer directly owned 624,882 shares in the company, valued at approximately $57,039,228.96. This trade represents a 7.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
Nextpower Stock Performance
Shares of NASDAQ NXT opened at $90.55 on Wednesday. Nextpower Inc. has a 52-week low of $33.29 and a 52-week high of $112.74. The firm has a market capitalization of $13.44 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 3.10 and a beta of 2.31. The stock has a 50 day moving average price of $85.68 and a 200 day moving average price of $68.81.
Nextpower (NASDAQ:NXT - Get Free Report) last issued its earnings results on Thursday, October 23rd. The company reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates 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. Analysts forecast that Nextpower Inc. will post 3.29 earnings per share for the current year.
Analysts Set New Price Targets
NXT has been the subject of a number of research reports. Susquehanna upped their price objective on shares of Nextpower from $76.00 to $100.00 and gave the stock a "positive" rating in a research note on Monday, October 13th. Wall Street Zen lowered shares of Nextpower from a "strong-buy" rating to a "buy" rating in a report on Saturday, October 25th. Deutsche Bank Aktiengesellschaft set a $99.00 price target on shares of Nextpower and gave the stock a "buy" rating in a research report on Friday, October 24th. Jefferies Financial Group increased their price objective on shares of Nextpower from $84.00 to $104.00 and gave the company a "buy" rating in a research note on Friday, October 24th. Finally, Barclays boosted their price objective on shares of Nextpower from $92.00 to $105.00 and gave the stock an "overweight" rating in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.76.
Get Our Latest Report on NXT
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of NXT. Foster Dykema Cabot & Partners LLC purchased a new stake in Nextpower during the third quarter valued at approximately $36,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Nextpower by 511.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 495 shares of the company's stock worth $37,000 after purchasing an additional 414 shares in the last quarter. BOKF NA increased its position in shares of Nextpower by 1,135.7% during the third quarter. BOKF NA now owns 519 shares of the company's stock worth $38,000 after purchasing an additional 477 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of Nextpower by 122.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 589 shares of the company's stock valued at $32,000 after purchasing an additional 324 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of Nextpower by 1,737.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 827 shares of the company's stock worth $45,000 after purchasing an additional 782 shares in the last quarter. Institutional investors own 67.41% of the company's stock.
Nextpower Company Profile
(
Get Free Report)
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.
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