Burney Co. Takes $942,000 Position in Nextpower Inc. $NXT

Burney Co. acquired a new stake in Nextpower Inc. (NASDAQ:NXT) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 12,734 shares of the company’s stock, valued at approximately $942,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NXT. Northwestern Mutual Wealth Management Co. grew its position in Nextpower by 703.7% in 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 in the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of Nextpower by 122.3% in the second quarter. Cullen Frost Bankers Inc. now owns 589 shares of the company’s stock valued at $32,000 after purchasing an additional 324 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Nextpower by 1,737.8% in the second quarter. Hantz Financial Services Inc. now owns 827 shares of the company’s stock valued at $45,000 after purchasing an additional 782 shares in the last quarter. MAI Capital Management increased its stake in Nextpower by 309.4% during the 2nd quarter. MAI Capital Management now owns 831 shares of the company’s stock worth $45,000 after buying an additional 628 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Nextpower by 179.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock worth $61,000 after buying an additional 724 shares in the last quarter. 67.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NXT shares. Robert W. Baird set a $100.00 price target on shares of Nextpower in a research note on Friday, October 31st. Susquehanna boosted their target price on Nextpower from $76.00 to $100.00 and gave the stock a “positive” rating in a research note on Monday, October 13th. TD Cowen increased their price target on Nextpower from $65.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Bank of America lifted their price objective on Nextpower from $94.00 to $102.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, Mizuho set a $76.00 price objective on Nextpower in a research report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.76.

Nextpower Stock Performance

NXT opened at $91.24 on Monday. Nextpower Inc. has a one year low of $36.06 and a one year high of $112.74. 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. The business’s 50-day simple moving average is $92.92 and its 200-day simple moving average is $75.61.

Nextpower (NASDAQ:NXT) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.21. The firm had revenue of $905.27 million during 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. As a group, analysts predict that Nextpower Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Activity

In related news, Director William D. Watkins sold 10,000 shares of the stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Daniel S. Shugar sold 47,743 shares of Nextpower stock in a transaction on Monday, November 17th. The stock was sold at an average price of $91.28, for a total transaction of $4,357,981.04. Following the sale, the chief executive officer owned 624,882 shares in the company, valued at $57,039,228.96. This represents a 7.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 91,468 shares of company stock worth $8,246,979. Corporate 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.