Key Points
- CFO Charles Boynton sold 4,500 Nextpower shares for about $683,055 in a pre-arranged Rule 10b5-1 transaction, trimming his ownership by 1.24%.
- Nextpower’s stock was up 5.0% and recently traded around $152.22, near its 52-week high of $163.13, reflecting strong recent momentum.
- The company continues to draw bullish analyst attention, with firms like Jefferies and KeyCorp raising price targets, while Nextpower also filed a patent infringement lawsuit against GameChange Solar.
Nextpower Inc. (NASDAQ:NXT - Get Free Report) CFO Charles Boynton sold 4,500 shares of the firm's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $151.79, for a total value of $683,055.00. Following the completion of the transaction, the chief financial officer owned 358,500 shares of the company's stock, valued at approximately $54,416,715. The trade was a 1.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Nextpower Stock Up 5.0%
Shares of NASDAQ:NXT opened at $152.22 on Wednesday. Nextpower Inc. has a 52-week low of $51.69 and a 52-week high of $163.13. The stock has a market cap of $22.87 billion, a price-to-earnings ratio of 39.74, a PEG ratio of 3.75 and a beta of 1.73. The business has a 50-day moving average price of $122.42 and a 200-day moving average price of $108.73.
Nextpower (NASDAQ:NXT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.16. Nextpower had a return on equity of 28.18% and a net margin of 16.46%.The firm had revenue of $880.52 million during the quarter, compared to analysts' expectations of $826.26 million. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. As a group, equities analysts anticipate that Nextpower Inc. will post 3.58 EPS for the current fiscal year.
More Nextpower News
Here are the key news stories impacting Nextpower this week:
- Positive Sentiment: Northland Securities raised multiple forward EPS estimates for Nextpower, including Q1 2027, Q1 2028, Q2 2028, Q3 2028 and Q4 2028, while keeping an Outperform rating and a $162 price target, signaling confidence in long-term earnings growth. MarketBeat NXT page
- Positive Sentiment: Nextpower filed a patent infringement lawsuit against GameChange Solar, which may protect its tracker and energy-management technology and support its competitive position in solar infrastructure. Nextpower Files Patent Lawsuit Against GameChange Solar
- Neutral Sentiment: GameChange Energy said it will vigorously defend the patent claims, introducing some litigation uncertainty for both sides. GameChange Energy response
- Negative Sentiment: COO Nicholas Marco Miller sold 22,427 shares and CFO Charles D. Boynton sold 4,500 shares under pre-arranged trading plans. While routine, insider selling can temper enthusiasm if investors worry management sees less near-term upside. Insider trades alert
Institutional Trading of Nextpower
Several institutional investors have recently bought and sold shares of NXT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Nextpower by 19.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 437,490 shares of the company's stock valued at $18,436,000 after purchasing an additional 71,842 shares during the period. M&T Bank Corp acquired a new stake in Nextpower in the second quarter valued at approximately $223,000. EverSource Wealth Advisors LLC grew its holdings in Nextpower by 179.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company's stock valued at $61,000 after purchasing an additional 724 shares during the period. Cerity Partners LLC grew its holdings in Nextpower by 154.0% in the second quarter. Cerity Partners LLC now owns 18,539 shares of the company's stock valued at $1,008,000 after purchasing an additional 11,239 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Nextpower by 36.5% in the second quarter. California Public Employees Retirement System now owns 222,960 shares of the company's stock valued at $12,122,000 after purchasing an additional 59,573 shares during the period. 67.41% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on NXT. Jefferies Financial Group lifted their price target on Nextpower from $145.00 to $159.00 and gave the company a "buy" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $140.00 price target on shares of Nextpower in a research report on Thursday, May 14th. Needham & Company LLC reiterated a "buy" rating and set a $149.00 price target on shares of Nextpower in a research report on Friday, May 29th. KeyCorp lifted their price target on Nextpower from $152.00 to $164.00 and gave the company an "overweight" rating in a research report on Friday, May 29th. Finally, BMO Capital Markets lifted their price target on Nextpower from $113.00 to $125.00 and gave the company a "market perform" rating in a research report on Wednesday, May 13th. Twenty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $147.18.
Read Our Latest Stock Report on Nextpower
About Nextpower
(
Get Free Report)
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.
Further Reading
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