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

Nextpower Inc. (NASDAQ:NXT) has earned an average rating of “Moderate Buy” from the twenty-seven research firms that are presently covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $95.7619.

A number of analysts have recently issued reports on the company. Barclays lifted their target price on Nextpower from $92.00 to $105.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Guggenheim set a $74.00 target price on Nextpower in a research report on Wednesday, October 22nd. BMO Capital Markets lifted their price target on shares of Nextpower from $89.00 to $93.00 and gave the stock a “market perform” rating in a research note on Friday, October 24th. Susquehanna increased their price objective on shares of Nextpower from $76.00 to $100.00 and gave the company a “positive” rating in a research note on Monday, October 13th. Finally, Jefferies Financial Group downgraded shares of Nextpower from a “strong-buy” rating to a “hold” rating in a research report on Sunday, December 14th.

Nextpower Stock Up 0.1%

Shares of NASDAQ:NXT opened at $91.17 on Thursday. The company has a market capitalization of $13.53 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 3.16 and a beta of 2.35. The company has a 50 day moving average of $92.77 and a two-hundred day moving average of $75.05. Nextpower has a 52-week low of $36.06 and a 52-week high of $112.74.

Nextpower (NASDAQ:NXT) last announced its earnings results on Thursday, October 23rd. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.21. Nextpower had a net margin of 17.08% and a return on equity of 35.05%. The business 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. On average, equities analysts anticipate that Nextpower will post 3.29 earnings per share for the current year.

Insider Transactions at Nextpower

In other news, CAO David P. Bennett sold 33,725 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $88.08, for a total value of $2,970,498.00. Following the completion of the sale, the chief accounting officer directly owned 130,967 shares in the company, valued at approximately $11,535,573.36. The trade was a 20.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William D. Watkins sold 10,000 shares of the company’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 in the company, valued at approximately $1,540,967.45. This represents a 37.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 96,685 shares of company stock valued at $8,638,254 in the last three months. Corporate insiders own 0.56% of the company’s stock.

Institutional Trading of Nextpower

Several institutional investors have recently added to or reduced their stakes in NXT. American Century Companies Inc. boosted its holdings in shares of Nextpower by 193.0% in the 1st quarter. American Century Companies Inc. now owns 223,873 shares of the company’s stock valued at $9,434,000 after buying an additional 147,459 shares during the period. Raymond James Financial Inc. lifted its holdings in Nextpower by 22.2% in the first quarter. Raymond James Financial Inc. now owns 157,634 shares of the company’s stock worth $6,643,000 after acquiring an additional 28,683 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Nextpower by 323.7% in the first quarter. Hsbc Holdings PLC now owns 74,038 shares of the company’s stock valued at $3,118,000 after acquiring an additional 56,564 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Nextpower by 703.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 659 shares of the company’s stock valued at $28,000 after purchasing an additional 577 shares during the last quarter. Finally, Comerica Bank raised its position in shares of Nextpower by 0.3% during the 1st quarter. Comerica Bank now owns 141,959 shares of the company’s stock worth $5,982,000 after purchasing an additional 415 shares during the period. Institutional investors own 67.41% of the company’s stock.

Nextpower Company Profile

Nextpower, formerly known as Nextracker, is traded on NASDAQ under the symbol NXT and is a leading provider of advanced solar tracking solutions for utility-scale and distributed energy projects. The company specializes in the design, engineering and manufacturing of single-axis tracker systems that optimize the capture of solar energy by following the sun’s trajectory throughout the day. Nextpower’s core hardware offerings aim to enhance energy yield, reduce balance-of-system costs and simplify installation and maintenance for downstream solar developers and operators.

In addition to its tracker hardware, Nextpower provides a suite of digital software and analytics tools to maximize asset performance.