E. Ohman J or Asset Management AB Takes Position in Nextpower Inc. $NXT

E. Ohman J or Asset Management AB bought a new stake in Nextpower Inc. (NASDAQ:NXT) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 57,098 shares of the company’s stock, valued at approximately $4,225,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Nextpower by 703.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 659 shares of the company’s stock valued at $28,000 after acquiring an additional 577 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in Nextpower by 122.3% during the second quarter. Cullen Frost Bankers Inc. now owns 589 shares of the company’s stock worth $32,000 after purchasing an additional 324 shares during the last quarter. Hantz Financial Services Inc. raised its stake in 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. MAI Capital Management boosted its holdings in shares of Nextpower by 309.4% in the 2nd quarter. MAI Capital Management now owns 831 shares of the company’s stock valued at $45,000 after purchasing an additional 628 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Nextpower by 179.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock valued at $61,000 after buying an additional 724 shares during the period. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NXT shares. Bank of America increased their target price on Nextpower from $94.00 to $102.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. JPMorgan Chase & Co. upped their price target on Nextpower from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nextpower in a research note on Monday, December 22nd. Mizuho set a $76.00 target price on shares of Nextpower in a research report on Monday, October 20th. Finally, Robert W. Baird set a $100.00 price target on shares of Nextpower in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.76.

Nextpower Stock Performance

Shares of NASDAQ:NXT opened at $91.24 on Friday. The business’s 50-day simple moving average is $92.92 and its 200 day simple moving average is $75.50. The company has a market cap of $13.54 billion, a P/E ratio of 23.70, a PEG ratio of 3.16 and a beta of 2.35. Nextpower Inc. has a one year low of $36.06 and a one year high of $112.74.

Nextpower (NASDAQ:NXT) last released its quarterly earnings results on Thursday, October 23rd. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.21. The firm had revenue of $905.27 million during the quarter, compared to analysts’ expectations 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. Analysts predict that Nextpower Inc. will post 3.29 earnings per share for the current year.

Insider Activity

In related news, CEO Daniel S. Shugar sold 47,743 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 624,882 shares in the company, valued at approximately $57,039,228.96. The trade was a 7.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Howard Wenger sold 5,217 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $75.00, for a total value of $391,275.00. Following the completion of the transaction, the president directly owned 409,039 shares of the company’s stock, valued at $30,677,925. This represents a 1.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 96,685 shares of company stock valued at $8,638,254 in the last 90 days. Company insiders own 0.56% of the company’s stock.

Nextpower 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.