Key Points
- Director Julia Blunden sold 2,289 Nextpower shares for approximately $222,537 at an average price of $97.22, reducing her stake by 23.59% to 7,415 shares.
- Nextpower’s latest quarterly results exceeded expectations, with earnings per share of $1.20 versus the $1.05 consensus estimate, while revenue was approximately $935.17 million.
- Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $146.12, although some analysts have recently lowered future earnings estimates and price targets.
Nextpower Inc. (NASDAQ:NXT - Get Free Report) Director Julia Blunden sold 2,289 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $97.22, for a total value of $222,536.58. Following the sale, the director owned 7,415 shares of the company's stock, valued at approximately $720,886.30. This represents a 23.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Nextpower Trading Down 1.4%
Nextpower stock opened at $98.43 on Friday. The company has a market capitalization of $14.79 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 2.00 and a beta of 1.95. Nextpower Inc. has a 12 month low of $52.61 and a 12 month high of $163.13. The stock's 50 day moving average is $114.55 and its 200-day moving average is $116.38.
Nextpower (NASDAQ:NXT - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.05 by $0.15. Nextpower had a net margin of 16.36% and a return on equity of 26.29%. The business had revenue of $935.17 million for the quarter, compared to the consensus estimate of $935.39 million. As a group, equities research analysts predict that Nextpower Inc. will post 3.73 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently commented on NXT. Needham & Company LLC reaffirmed a "buy" rating and set a $149.00 target price on shares of Nextpower in a report on Friday, May 29th. JPMorgan Chase & Co. cut their price target on Nextpower from $179.00 to $152.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $137.00 price target on Nextpower in a research report on Monday. KeyCorp raised their price objective on Nextpower from $152.00 to $164.00 and gave the stock an "overweight" rating in a research note on Friday, May 29th. Finally, Wolfe Research reaffirmed an "outperform" rating and issued a $160.00 price objective on shares of Nextpower in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Nextpower currently has an average rating of "Moderate Buy" and an average price target of $146.12.
Get Our Latest Stock Report on Nextpower
Institutional Investors Weigh In On Nextpower
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc increased its holdings in Nextpower by 4.6% in the 4th quarter. Legal & General Group Plc now owns 414,304 shares of the company's stock worth $36,090,000 after purchasing an additional 18,380 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Nextpower by 342,159.2% during the fourth quarter. Assetmark Inc. now owns 427,824 shares of the company's stock worth $37,268,000 after purchasing an additional 427,699 shares during the last quarter. Andrew Hill Investment Advisors Inc. grew its holdings in shares of Nextpower by 31.2% during the fourth quarter. Andrew Hill Investment Advisors Inc. now owns 70,025 shares of the company's stock worth $6,100,000 after purchasing an additional 16,666 shares during the last quarter. Azzad Asset Management Inc. ADV acquired a new position in shares of Nextpower in the fourth quarter valued at approximately $988,000. Finally, Gateway Investment Advisers LLC increased its stake in shares of Nextpower by 215.1% in the fourth quarter. Gateway Investment Advisers LLC now owns 24,006 shares of the company's stock valued at $2,091,000 after buying an additional 16,388 shares during the period. 67.41% of the stock is currently owned by institutional investors.
Nextpower News Roundup
Here are the key news stories impacting Nextpower this week:
- Positive Sentiment: Analyst support remains strong. GLJ Research reaffirmed its “Buy” rating with a $149 price target, while Northland Securities maintained an “Outperform” rating and a $162 target. These targets imply substantial potential upside if Nextpower meets longer-term growth expectations. Benzinga report Citi rating report
- Neutral Sentiment: Citi’s view appears mixed but constructive. Recent coverage described Citigroup as issuing a pessimistic price forecast, while a separate report said Citi gave Nextpower a “Buy” rating. The combination suggests analysts see value in the shares but remain cautious about near-term performance. Citigroup forecast report
- Negative Sentiment: Northland trimmed several future EPS estimates. Reductions included Q1 2028 EPS to $1.01 from $1.06, Q2 2028 EPS to $1.15 from $1.20, Q4 2027 EPS to $0.91 from $1.01, Q4 2028 EPS to $1.07 from $1.09, and FY2028 EPS to $4.40 from $4.48. Although FY2027 EPS was estimated at $3.81, above the current-year consensus of $3.75, the broader revisions may have raised concerns about moderating earnings growth.
- Negative Sentiment: Director Julia Blunden sold 2,289 shares for approximately $222,537 at an average price of $97.22. The transaction reduced her ownership by 23.59%, which can weigh on sentiment even though insider sales may reflect personal financial considerations rather than a change in business outlook. SEC insider transaction filing
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.
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