Nextpower (NASDAQ:NXT) Reaches New 12-Month High Following Analyst Upgrade

Nextpower Inc. (NASDAQ:NXT) reached a new 52-week high during mid-day trading on Wednesday after UBS Group raised their price target on the stock to $140.00. UBS Group currently has a buy rating on the stock. Nextpower traded as high as $118.40 and last traded at $123.1750, with a volume of 97495 shares changing hands. The stock had previously closed at $105.91.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird set a $100.00 price target on Nextpower in a research note on Friday, October 31st. Roth Mkm reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Nextpower in a report on Wednesday. Royal Bank Of Canada increased their target price on Nextpower from $93.00 to $96.00 and gave the stock an “outperform” rating in a report on Thursday, November 13th. Guggenheim set a $74.00 price target on Nextpower in a research note on Wednesday, October 22nd. Finally, Bank of America increased their price objective on shares of Nextpower from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.45.

Insider Buying and Selling

In related news, 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 transaction of $918,500.00. Following the completion of the transaction, the director directly owned 16,777 shares in the company, valued at $1,540,967.45. This represents a 37.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Daniel S. Shugar sold 47,743 shares of the business’s 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 directly owned 624,882 shares in the company, valued at approximately $57,039,228.96. The trade was a 7.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 91,468 shares of company stock worth $8,246,979 in the last three months. 0.56% of the stock is owned by corporate insiders.

Key Stories Impacting Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: Q3 earnings beat and beat‑and‑raise reaction — Nextpower reported $1.10 EPS vs. $0.93 consensus and revenue of $909.4M vs. $812.4M expected; the beat and management commentary pushed the stock to fresh highs. Beat-and-Raise Sends Next Power Stock to Fresh Record
• Positive Sentiment: Raised FY2026 outlook and $500M buyback — Management lifted FY2026 guidance to about $3.5B revenue and $4.36 EPS and authorized a $500M repurchase program, signaling confidence in cash flow and providing direct shareholder support. Nextpower raises FY2026 outlook…
• Positive Sentiment: Large JV contract in Saudi Arabia — Nextpower Arabia (JV) will supply 2.25 GW of smart solar trackers to L&T for the ACWA Power Bisha project, a sizable utility‑scale award that supports near‑term revenue visibility and JV growth. Nextpower Arabia to Supply 2.25 GW…
• Positive Sentiment: Analyst upgrade — KeyBanc upgraded NXT to Buy with a $142 price target, highlighting fundamentals, product expansion and valuation upside which likely reinforced investor interest. Nextpower Inc.: Strong Fundamentals…
• Neutral Sentiment: Earnings call / transcript available — The full Q3 call transcript provides detail on margins, backlog and JV cadence for investors parsing durability of the beat. Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Broader market coverage — Nextpower was mentioned among pre‑market movers in S&P futures coverage, which can amplify intraday flows but is not a company‑specific driver. S&P 500 Futures Climb…
• Negative Sentiment: Mixed analyst view: TD Cowen raised its price target to $105 but kept a Hold rating — that target is below current levels, implying limited near‑term upside from that shop and a potential caution for more conservative investors. Nextpower price target raised by TD Cowen

Hedge Funds Weigh In On Nextpower

Several large investors have recently bought and sold shares of NXT. Whittier Trust Co. of Nevada Inc. raised its holdings in Nextpower by 268.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock valued at $28,000 after buying an additional 223 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of Nextpower by 76.5% during the fourth quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock valued at $37,000 after acquiring an additional 182 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in shares of Nextpower during the third quarter valued at $36,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Nextpower by 511.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 495 shares of the company’s stock worth $37,000 after purchasing an additional 414 shares during the period. Finally, BOKF NA grew its stake in shares of Nextpower by 1,135.7% in the third quarter. BOKF NA now owns 519 shares of the company’s stock worth $38,000 after purchasing an additional 477 shares during the last quarter. 67.41% of the stock is currently owned by institutional investors.

Nextpower Price Performance

The firm has a market capitalization of $17.80 billion, a price-to-earnings ratio of 31.16, a P/E/G ratio of 3.32 and a beta of 2.38. The stock has a fifty day moving average of $92.54 and a two-hundred day moving average of $81.32.

Nextpower (NASDAQ:NXT) last announced its earnings results on Tuesday, January 27th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.93 by $0.17. The firm had revenue of $909.35 million for the quarter, compared to the consensus estimate of $812.43 million. Nextpower had a return on equity of 33.53% and a net margin of 16.43%. On average, research analysts forecast that Nextpower Inc. will post 3.29 EPS for the current 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.