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

Nextpower Inc. (NASDAQ:NXT) has earned an average rating of “Moderate Buy” from the twenty-seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $98.5714.

Several research analysts have issued reports on the stock. UBS Group raised their price target on shares of Nextpower to $125.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Wells Fargo & Company lifted their target price on shares of Nextpower from $72.00 to $109.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Mizuho set a $76.00 target price on shares of Nextpower in a report on Monday, October 20th. Wall Street Zen upgraded Nextpower from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Barclays boosted their price objective on Nextpower from $105.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday.

Insider Transactions at Nextpower

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 transaction 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 represents a 37.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO David P. Bennett sold 33,725 shares of Nextpower stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $88.08, for a total transaction of $2,970,498.00. Following the completion of the sale, the chief accounting officer directly owned 130,967 shares of the company’s stock, valued at approximately $11,535,573.36. This trade represents a 20.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 91,468 shares of company stock valued at $8,246,979 in the last quarter. 0.56% of the stock is currently owned by company insiders.

Institutional Trading of Nextpower

Several large investors have recently made changes to their positions in NXT. Allworth Financial LP raised its stake in Nextpower by 16.8% during the 3rd quarter. Allworth Financial LP now owns 979 shares of the company’s stock worth $72,000 after buying an additional 141 shares during the period. Natural Investments LLC raised its position in shares of Nextpower by 0.9% during the third quarter. Natural Investments LLC now owns 16,750 shares of the company’s stock worth $1,239,000 after purchasing an additional 155 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Nextpower by 15.9% in the 3rd quarter. Fifth Third Bancorp now owns 1,264 shares of the company’s stock worth $94,000 after purchasing an additional 173 shares in the last quarter. Farther Finance Advisors LLC grew its position in Nextpower by 8.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company’s stock valued at $191,000 after purchasing an additional 198 shares during the period. Finally, State of Michigan Retirement System increased its stake in Nextpower by 0.6% during the 2nd quarter. State of Michigan Retirement System now owns 34,600 shares of the company’s stock valued at $1,881,000 after purchasing an additional 200 shares in the last quarter. 67.41% of the stock is currently owned by institutional investors and hedge funds.

Nextpower Stock Down 2.3%

NASDAQ NXT opened at $96.36 on Monday. The company has a market capitalization of $14.30 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 3.33 and a beta of 2.38. Nextpower has a twelve month low of $36.06 and a twelve month high of $112.74. The stock has a fifty day simple moving average of $91.04 and a 200 day simple moving average of $79.18.

Nextpower (NASDAQ:NXT) last released its quarterly earnings results on Thursday, October 23rd. The company reported $1.19 EPS 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 analyst estimates 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. Research analysts expect that Nextpower will post 3.29 earnings per share for the current fiscal year.

About Nextpower

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.