Fortis Capital Advisors LLC Takes $832,000 Position in Nextpower Inc. $NXT

Fortis Capital Advisors LLC acquired a new stake in Nextpower Inc. (NASDAQ:NXT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,241 shares of the company’s stock, valued at approximately $832,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Primecap Management Co. CA lifted its position in shares of Nextpower by 1.1% during the 2nd quarter. Primecap Management Co. CA now owns 7,675,821 shares of the company’s stock valued at $417,334,000 after acquiring an additional 83,227 shares during the period. Encompass Capital Advisors LLC boosted its position in Nextpower by 11.0% during the second quarter. Encompass Capital Advisors LLC now owns 2,919,777 shares of the company’s stock worth $158,748,000 after purchasing an additional 289,663 shares in the last quarter. Norges Bank purchased a new stake in Nextpower during the second quarter worth $140,772,000. Handelsbanken Fonder AB grew its holdings in Nextpower by 8.3% in the second quarter. Handelsbanken Fonder AB now owns 2,303,206 shares of the company’s stock valued at $125,225,000 after purchasing an additional 176,530 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its position in shares of Nextpower by 6.0% in the second quarter. Westfield Capital Management Co. LP now owns 1,317,564 shares of the company’s stock valued at $71,636,000 after buying an additional 74,413 shares in the last quarter. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Nextpower Stock Down 1.3%

NXT stock opened at $105.91 on Wednesday. The stock has a market capitalization of $15.72 billion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 3.36 and a beta of 2.38. Nextpower Inc. has a 52-week low of $36.06 and a 52-week high of $112.74. The stock’s fifty day simple moving average is $91.94 and its 200-day simple moving average is $81.04.

Insider Buying and Selling at Nextpower

In related news, CEO Daniel S. Shugar sold 47,743 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $91.28, for a total value of $4,357,981.04. Following the completion of the sale, the chief executive officer directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William D. Watkins sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was 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 in the company, valued at approximately $1,540,967.45. This represents a 37.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 91,468 shares of company stock worth $8,246,979 in the last 90 days. 0.56% of the stock is owned by company insiders.

More Nextpower News

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Q4/Q3 earnings and revenue beat expectations — Nextpower reported $1.10 EPS vs. a $0.93 consensus and revenue of $909.4M vs. ~$812M expected, with a healthy net margin (17.1%) and ROE (35%). The results and upbeat metrics are the main catalyst behind the stock’s jump after the print. View Press Release
• Positive Sentiment: Large commercial win via Nextpower Arabia JV — The Nextpower/Abunayyan JV will supply 2.25 GW of smart solar trackers to Larsen & Toubro for the ACWA Power‑led Bisha Solar project in Saudi Arabia, a material order that supports near‑term revenue visibility and international growth. Nextpower Arabia to Supply 2.25 GW…
• Neutral Sentiment: Broad media coverage and analyst notes emphasize the upside surprise and upward revisions — multiple outlets highlighted the beat and strong revenue, which can amplify short‑term trading activity but don’t guarantee sustained momentum. Nextpower (NASDAQ:NXT) Surprises With Strong Q4 CY2025, Stock Soars
• Negative Sentiment: Intraday pullback and heavy volume — despite the strong fundamentals, the stock moved lower during mid‑day trading on high volume, indicating profit‑taking or short‑term rebalancing by traders. This increases volatility risk in the near term. Market data

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NXT shares. Wells Fargo & Company increased their price objective on shares of Nextpower from $72.00 to $109.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. UBS Group increased their price target on shares of Nextpower to $125.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Mizuho set a $81.00 price objective on Nextpower in a research report on Friday. Deutsche Bank Aktiengesellschaft set a $99.00 target price on Nextpower and gave the company a “buy” rating in a report on Friday, October 24th. Finally, Barclays boosted their price target on Nextpower from $105.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Nextpower presently has an average rating of “Moderate Buy” and an average price target of $99.10.

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.