American Century Companies Inc. Has $29.77 Million Stock Holdings in Nextpower Inc. $NXT

American Century Companies Inc. raised its stake in Nextpower Inc. (NASDAQ:NXT) by 144.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 547,590 shares of the company’s stock after purchasing an additional 323,717 shares during the period. American Century Companies Inc. owned 0.37% of Nextpower worth $29,772,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its position in 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 in the last quarter. Cullen Frost Bankers Inc. boosted its holdings 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 in the last quarter. Summit Securities Group LLC grew its stake in Nextpower by 796.0% in the first quarter. Summit Securities Group LLC now owns 905 shares of the company’s stock valued at $38,000 after acquiring an additional 804 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Nextpower during the first quarter valued at approximately $40,000. Finally, Hantz Financial Services Inc. raised its position in shares of Nextpower by 1,737.8% during the second quarter. Hantz Financial Services Inc. now owns 827 shares of the company’s stock worth $45,000 after purchasing an additional 782 shares during the period. Institutional investors own 67.41% of the company’s stock.

Insider Activity at Nextpower

In other news, CFO Charles D. Boynton sold 4,500 shares of Nextpower 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 completion of the transaction, the chief financial officer directly owned 295,059 shares in the company, valued at approximately $19,830,915.39. This trade represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Daniel S. Shugar sold 47,743 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $91.28, for a total value of $4,357,981.04. Following the completion of the sale, the chief executive officer owned 624,882 shares in the company, valued at $57,039,228.96. The trade was a 7.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 67,460 shares of company stock valued at $5,970,201 in the last three months. Corporate insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NXT. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nextpower in a research report on Tuesday, November 25th. The Goldman Sachs Group raised their target price on Nextpower from $89.00 to $125.00 and gave the company a “buy” rating in a report on Monday, October 27th. TD Cowen lifted their target price on Nextpower from $65.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Citigroup raised Nextpower from a “neutral” rating to a “buy” rating and increased their price target for the company from $66.00 to $114.00 in a research report on Tuesday, October 21st. Finally, Wall Street Zen downgraded shares of Nextpower from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.76.

Nextpower Stock Up 1.5%

Shares of NASDAQ NXT opened at $92.00 on Monday. The stock’s 50-day simple moving average is $89.00 and its two-hundred day simple moving average is $71.17. Nextpower Inc. has a twelve month low of $33.29 and a twelve month high of $112.74. The firm has a market capitalization of $13.65 billion, a P/E ratio of 23.90, a P/E/G ratio of 3.18 and a beta of 2.35.

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