Nextpower Inc. $NXT Stock Holdings Reduced by Blue Door Asset Management LLC

Blue Door Asset Management LLC lessened its stake in shares of Nextpower Inc. (NASDAQ:NXT) by 25.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 308,457 shares of the company’s stock after selling 108,009 shares during the quarter. Nextpower comprises about 8.7% of Blue Door Asset Management LLC’s holdings, making the stock its 4th biggest holding. Blue Door Asset Management LLC owned 0.21% of Nextpower worth $16,771,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Primecap Management Co. CA raised its stake in Nextpower by 1.1% during the 2nd quarter. Primecap Management Co. CA now owns 7,675,821 shares of the company’s stock worth $417,334,000 after acquiring an additional 83,227 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of 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 purchasing an additional 1,890,445 shares during the last quarter. Encompass Capital Advisors LLC grew its holdings in shares of Nextpower by 72.5% during the first quarter. Encompass Capital Advisors LLC now owns 2,630,114 shares of the company’s stock worth $110,833,000 after purchasing an additional 1,105,617 shares during the last quarter. Norges Bank acquired a new stake in shares of Nextpower during the second quarter worth about $140,772,000. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Nextpower by 8.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 2,303,206 shares of the company’s stock valued at $125,225,000 after purchasing an additional 176,530 shares during the last quarter. Institutional investors and hedge funds own 67.41% of the company’s stock.

Insider Activity at Nextpower

In other news, CFO Charles D. Boynton sold 4,500 shares of the stock in a transaction dated 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 owned 295,059 shares in the company, valued at $19,830,915.39. This trade represents a 1.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William D. Watkins sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $91.85, for a total transaction of $918,500.00. Following the sale, the director directly owned 16,777 shares in the company, valued at approximately $1,540,967.45. This represents a 37.35% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 67,460 shares of company stock valued at $5,970,201. Company insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Robert W. Baird set a $100.00 price target on Nextpower in a research note on Friday, October 31st. Susquehanna raised their target price on shares of Nextpower from $76.00 to $100.00 and gave the stock a “positive” rating in a research report on Monday, October 13th. TD Cowen lifted their target price on shares of Nextpower from $65.00 to $88.00 and gave the company a “hold” rating in a report on Friday, October 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Nextpower in a research note on Monday. Finally, Jefferies Financial Group raised their price objective on shares of Nextpower from $84.00 to $104.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.76.

Nextpower Trading Up 0.9%

Shares of NXT stock opened at $89.39 on Thursday. The stock has a 50 day simple moving average of $91.42 and a 200-day simple moving average of $72.78. The company has a market cap of $13.26 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 3.07 and a beta of 2.35. Nextpower Inc. has a 12-month low of $33.29 and a 12-month high of $112.74.

Nextpower (NASDAQ:NXT) last posted its quarterly 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. The firm had revenue of $905.27 million for 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. On average, equities analysts forecast that Nextpower Inc. will post 3.29 earnings per share for the current fiscal year.

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.