Groupe la Francaise Sells 38,231 Shares of Nextpower Inc. $NXT

Groupe la Francaise lessened its position in Nextpower Inc. (NASDAQ:NXT) by 48.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 41,408 shares of the company’s stock after selling 38,231 shares during the period. Groupe la Francaise’s holdings in Nextpower were worth $2,245,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NXT. Norges Bank bought a new position in shares of Nextpower in the 2nd quarter worth $140,772,000. Wellington Management Group LLP raised its holdings in Nextpower by 56.5% during the first quarter. Wellington Management Group LLP now owns 5,237,833 shares of the company’s stock worth $220,722,000 after buying an additional 1,890,445 shares during the last quarter. Encompass Capital Advisors LLC lifted its stake in shares of Nextpower by 72.5% in the first quarter. Encompass Capital Advisors LLC now owns 2,630,114 shares of the company’s stock valued at $110,833,000 after buying an additional 1,105,617 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Nextpower during the second quarter valued at about $58,122,000. Finally, Nuveen LLC bought a new stake in shares of Nextpower during the first quarter worth about $40,356,000. 67.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nextpower

In other Nextpower news, CFO Charles D. Boynton sold 4,500 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $67.21, for a total value of $302,445.00. Following the sale, the chief financial officer directly owned 295,059 shares in the company, valued at $19,830,915.39. The trade was a 1.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Daniel S. Shugar sold 47,743 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $91.28, for a total value of $4,357,981.04. Following the transaction, the chief executive officer directly owned 624,882 shares in the company, valued at $57,039,228.96. This represents a 7.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 67,460 shares of company stock worth $5,970,201 in the last ninety days. Company insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Bank of America raised their price target on shares of Nextpower from $94.00 to $102.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Deutsche Bank Aktiengesellschaft set a $99.00 target price on Nextpower and gave the company a “buy” rating in a report on Friday, October 24th. Robert W. Baird set a $100.00 price target on Nextpower in a report on Friday, October 31st. Roth Capital reissued a “buy” rating and issued a $120.00 price target on shares of Nextpower in a research report on Thursday, November 13th. Finally, BMO Capital Markets raised their price objective on Nextpower from $89.00 to $93.00 and gave the company a “market perform” rating in a research note on Friday, October 24th. 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.76.

Nextpower Stock Performance

NXT opened at $86.88 on Thursday. Nextpower Inc. has a fifty-two week low of $33.29 and a fifty-two week high of $112.74. The firm has a 50-day moving average of $89.89 and a 200 day moving average of $71.65. The firm has a market cap of $12.89 billion, a P/E ratio of 22.57, a PEG ratio of 3.00 and a beta of 2.35.

Nextpower (NASDAQ:NXT) last released its earnings results on Thursday, October 23rd. The company reported $1.19 earnings per share for the quarter, beating 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 firm had revenue of $905.27 million for the quarter, compared to analysts’ expectations of $839.53 million. Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. Equities research analysts predict that Nextpower Inc. will post 3.29 earnings per share for the current fiscal year.

About Nextpower

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.