Key Points
- CAO David Bennett sold 33,725 shares on Dec. 11 at an average of $88.08 for proceeds of ~$2.97M, cutting his holding by 20.48% to 130,967 shares (worth about $11.54M).
- Nextpower reported an earnings beat with $1.19 EPS vs $0.98 expected and $905.3M revenue vs $839.5M, set FY2026 EPS guidance of 4.04–4.25, and carries a consensus "Moderate Buy" with an average target of $95.76.
- The stock has a market cap of $12.87B, a P/E of 22.53, a 52‑week range of $33.29–$112.74, and institutional investors own roughly 67.4% of the shares.
Nextpower Inc. (NASDAQ:NXT - Get Free Report) CAO David Bennett sold 33,725 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief accounting officer directly owned 130,967 shares in the company, valued at $11,535,573.36. This represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Nextpower Stock Performance
Shares of NXT stock opened at $86.75 on Friday. The firm has a market capitalization of $12.87 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 3.24 and a beta of 2.35. Nextpower Inc. has a one year low of $33.29 and a one year high of $112.74. The company has a 50 day moving average price of $91.89 and a 200 day moving average price of $73.13.
Nextpower (NASDAQ:NXT - Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.21. The company had revenue of $905.27 million during the quarter, compared to analysts' expectations 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. As a group, equities analysts forecast that Nextpower Inc. will post 3.29 EPS for the current fiscal year.
Hedge Funds Weigh In On Nextpower
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Foster Dykema Cabot & Partners LLC acquired a new stake in Nextpower in the third quarter valued at approximately $36,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Nextpower by 511.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 495 shares of the company's stock valued at $37,000 after purchasing an additional 414 shares during the period. BOKF NA boosted its stake in shares of Nextpower by 1,135.7% in the third quarter. BOKF NA now owns 519 shares of the company's stock valued at $38,000 after purchasing an additional 477 shares during the period. Cullen Frost Bankers Inc. grew its holdings in 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 in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in Nextpower by 1,737.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 827 shares of the company's stock worth $45,000 after buying an additional 782 shares during the period. 67.41% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have commented on NXT. Guggenheim set a $74.00 price target on Nextpower in a research note on Wednesday, October 22nd. Royal Bank Of Canada boosted their target price on Nextpower from $93.00 to $96.00 and gave the stock an "outperform" rating in a report on Thursday, November 13th. Wall Street Zen downgraded shares of Nextpower from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 25th. Bank of America raised their price target on shares of Nextpower from $94.00 to $102.00 and gave the company a "buy" rating in a report on Friday, November 14th. Finally, Citigroup upgraded shares of Nextpower from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $66.00 to $114.00 in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $95.76.
Check Out Our Latest Research Report on Nextpower
About Nextpower
(
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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