Nextpower Inc. $NXT Shares Sold by Aviva PLC

Aviva PLC lowered its position in Nextpower Inc. (NASDAQ:NXT) by 41.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,067 shares of the company’s stock after selling 5,731 shares during the quarter. Aviva PLC’s holdings in Nextpower were worth $439,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Nextpower by 703.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 659 shares of the company’s stock valued at $28,000 after buying an additional 577 shares during the period. Cullen Frost Bankers Inc. grew its position in Nextpower by 122.3% in the second quarter. Cullen Frost Bankers Inc. now owns 589 shares of the company’s stock worth $32,000 after acquiring an additional 324 shares during the period. Summit Securities Group LLC grew its position in Nextpower by 796.0% in the first quarter. Summit Securities Group LLC now owns 905 shares of the company’s stock worth $38,000 after acquiring an additional 804 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Nextpower during the first quarter worth $40,000. Finally, Hantz Financial Services Inc. raised its position in Nextpower by 1,737.8% in the second quarter. Hantz Financial Services Inc. now owns 827 shares of the company’s stock valued at $45,000 after purchasing an additional 782 shares during the period. 67.41% of the stock is owned by hedge funds and other institutional investors.

Nextpower Price Performance

Shares of NASDAQ NXT opened at $93.75 on Friday. The company has a market cap of $13.91 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 2.20 and a beta of 2.31. The stock’s 50-day moving average is $84.76 and its two-hundred day moving average is $67.77. Nextpower Inc. has a 1-year low of $33.29 and a 1-year high of $112.74.

Nextpower (NASDAQ:NXT) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.21. The business had revenue of $905.27 million during the quarter, compared to the consensus estimate of $839.53 million. Nextpower had a return on equity of 35.05% and a net margin of 17.08%. Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. Equities research analysts anticipate that Nextpower Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Activity at Nextpower

In other news, President Howard Wenger sold 5,703 shares of Nextpower stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $70.00, for a total transaction of $399,210.00. Following the completion of the sale, the president directly owned 414,256 shares of the company’s stock, valued at approximately $28,997,920. The trade was a 1.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Charles D. Boynton sold 4,500 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $67.21, for a total value of $302,445.00. Following the completion of the transaction, the chief financial officer directly owned 295,059 shares in the company, valued at $19,830,915.39. This trade represents a 1.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,420 shares of company stock valued at $1,092,930 in the last quarter. 0.56% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on NXT. Robert W. Baird set a $100.00 price objective on Nextpower in a research report on Friday, October 31st. Guggenheim set a $74.00 price target on shares of Nextpower in a research report on Wednesday, October 22nd. Needham & Company LLC initiated coverage on shares of Nextpower in a research note on Wednesday, October 22nd. They issued a “buy” rating and a $102.00 price target on the stock. Citigroup raised Nextpower from a “neutral” rating to a “buy” rating and boosted their target price for the company from $66.00 to $114.00 in a research report on Tuesday, October 21st. Finally, Wells Fargo & Company upped their price target on Nextpower from $72.00 to $109.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.76.

Nextpower Profile

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.