Graphene Investments SAS Sells 7,000 Shares of Nextpower Inc. $NXT

Graphene Investments SAS lessened its holdings in Nextpower Inc. (NASDAQ:NXT) by 15.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,700 shares of the company’s stock after selling 7,000 shares during the period. Graphene Investments SAS’s holdings in Nextpower were worth $2,863,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NXT. Bryce Point Capital LLC purchased a new position in Nextpower in the second quarter valued at about $998,000. Ethic Inc. raised its holdings in shares of Nextpower by 65.1% in the 2nd quarter. Ethic Inc. now owns 8,469 shares of the company’s stock worth $494,000 after purchasing an additional 3,339 shares during the period. Bank of New York Mellon Corp lifted its stake in Nextpower by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 1,138,496 shares of the company’s stock valued at $61,900,000 after purchasing an additional 35,642 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Nextpower by 323.7% during the first quarter. Hsbc Holdings PLC now owns 74,038 shares of the company’s stock valued at $3,118,000 after purchasing an additional 56,564 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in Nextpower by 22.2% during the first quarter. Raymond James Financial Inc. now owns 157,634 shares of the company’s stock valued at $6,643,000 after purchasing an additional 28,683 shares during the period. Institutional investors and hedge funds own 67.41% of the company’s stock.

Insiders Place Their Bets

In related news, Director William D. Watkins sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 $1,540,967.45. This trade represents a 37.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Howard Wenger sold 5,217 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $75.00, for a total transaction of $391,275.00. Following the completion of the transaction, the president directly owned 409,039 shares of the company’s stock, valued at approximately $30,677,925. This represents a 1.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 96,685 shares of company stock worth $8,638,254. Insiders own 0.56% of the company’s stock.

Nextpower Price Performance

Shares of NASDAQ:NXT opened at $88.00 on Wednesday. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 3.02 and a beta of 2.35. Nextpower Inc. has a one year low of $33.29 and a one year high of $112.74. The firm has a fifty day moving average price of $92.28 and a two-hundred day moving average price of $73.82.

Nextpower (NASDAQ:NXT) last issued 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 return on equity of 35.05% and a net margin of 17.08%.The company had revenue of $905.27 million for the quarter, compared to the consensus estimate of $839.53 million. Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. Equities research analysts expect that Nextpower Inc. will post 3.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NXT has been the topic of several research reports. Citigroup upgraded Nextpower from a “neutral” rating to a “buy” rating and boosted their target price for the company from $66.00 to $114.00 in a research note on Tuesday, October 21st. Barclays lifted their price objective on Nextpower from $92.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. TD Cowen upped their price objective on shares of Nextpower from $65.00 to $88.00 and gave the company a “hold” rating in a report on Friday, October 24th. Bank of America increased their target price on shares of Nextpower from $94.00 to $102.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Finally, Jefferies Financial Group lowered shares of Nextpower from a “strong-buy” rating to a “hold” rating in a research report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $95.76.

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.