Ameritas Investment Partners Inc. Sells 563 Shares of Nextpower Inc. $NXT

Ameritas Investment Partners Inc. decreased its holdings in Nextpower Inc. (NASDAQ:NXT) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,447 shares of the company’s stock after selling 563 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Nextpower were worth $2,308,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. raised 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. Northwestern Mutual Wealth Management Co. grew its position in shares of Nextpower by 703.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 659 shares of the company’s stock valued at $28,000 after acquiring an additional 577 shares during the period. Hantz Financial Services Inc. increased its stake 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. MAI Capital Management raised its holdings in Nextpower by 309.4% in the 2nd quarter. MAI Capital Management now owns 831 shares of the company’s stock worth $45,000 after purchasing an additional 628 shares during the period. Finally, Summit Securities Group LLC raised its holdings in Nextpower by 796.0% in the 1st quarter. Summit Securities Group LLC now owns 905 shares of the company’s stock worth $38,000 after purchasing an additional 804 shares during the period. 67.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Zacks Research upgraded Nextpower to a “hold” rating in a research report on Tuesday, August 12th. Mizuho set a $76.00 price objective on Nextpower in a research report on Monday, October 20th. Barclays increased their target price on shares of Nextpower from $92.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Northland Capmk cut shares of Nextpower from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Finally, UBS Group lifted their price target on shares of Nextpower to $125.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.76.

Insider Transactions at Nextpower

In related news, CFO Charles D. Boynton sold 4,500 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $67.21, for a total transaction of $302,445.00. Following the completion of the transaction, the chief financial officer directly owned 295,059 shares of the company’s stock, valued at approximately $19,830,915.39. This represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Howard Wenger sold 5,217 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $75.00, for a total value of $391,275.00. Following the transaction, the president owned 409,039 shares of the company’s stock, valued at $30,677,925. This represents a 1.26% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 67,460 shares of company stock worth $5,970,201. 0.56% of the stock is currently owned by company insiders.

Nextpower Price Performance

Nextpower stock opened at $90.06 on Wednesday. Nextpower Inc. has a 1 year low of $33.29 and a 1 year high of $112.74. The firm’s 50 day moving average price is $87.74 and its 200-day moving average price is $70.37. The stock has a market cap of $13.36 billion, a P/E ratio of 23.39, a PEG ratio of 3.01 and a beta of 2.31.

Nextpower (NASDAQ:NXT) last posted its earnings results on Thursday, October 23rd. The company reported $1.19 earnings per share 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 expect that Nextpower Inc. will post 3.29 EPS for the current year.

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.