Nextpower Inc. (NASDAQ:NXT) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Nextpower Inc. (NASDAQ:NXT) have been given a consensus recommendation of “Moderate Buy” by the twenty-seven ratings firms that are presently covering the firm, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $95.7619.

A number of analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Nextpower from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Bank of America increased their target price on Nextpower from $94.00 to $102.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Jefferies Financial Group raised their price target on Nextpower from $84.00 to $104.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Guggenheim set a $74.00 price target on Nextpower in a research report on Wednesday, October 22nd. Finally, Robert W. Baird set a $100.00 price objective on Nextpower in a report on Friday, October 31st.

Nextpower Stock Performance

NXT stock opened at $92.00 on Friday. The stock has a fifty day moving average of $89.00 and a 200-day moving average of $71.05. Nextpower has a fifty-two week low of $33.29 and a fifty-two week high of $112.74. The company has a market capitalization of $13.65 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 3.18 and a beta of 2.31.

Nextpower (NASDAQ:NXT) last released its quarterly earnings data on Thursday, October 23rd. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $0.98 by $0.21. The business had revenue of $905.27 million for the quarter, compared to the consensus estimate 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. Equities analysts predict that Nextpower will post 3.29 EPS for the current year.

Insider Activity

In other news, Director William D. Watkins sold 10,000 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $91.85, for a total value of $918,500.00. Following the sale, the director directly owned 16,777 shares of the company’s stock, valued at approximately $1,540,967.45. This represents a 37.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Charles D. Boynton sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $67.21, for a total transaction of $302,445.00. Following 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 67,460 shares of company stock valued at $5,970,201. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Nextpower

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its position in Nextpower by 703.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 659 shares of the company’s stock worth $28,000 after buying an additional 577 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of 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 acquiring an additional 324 shares during the last quarter. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Nextpower during the third quarter worth about $36,000. Summit Securities Group LLC increased its position in shares of 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 purchasing an additional 804 shares during the last quarter. Finally, BOKF NA increased its position in shares of Nextpower by 1,135.7% in the third quarter. BOKF NA now owns 519 shares of the company’s stock worth $38,000 after purchasing an additional 477 shares during the last quarter. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Nextpower Company 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.