Nextpower (NASDAQ:NXT) Price Target Raised to $138.00 at Needham & Company LLC

Posted by Defense World Staff on Jan 30th, 2026

Nextpower (NASDAQ:NXT – Free Report) had its price target lifted by Needham & Company LLC from $103.00 to $138.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently weighed in on NXT. Barclays set a $115.00 price objective on Nextpower in a research report on Thursday. Susquehanna raised their price target on shares of Nextpower from $76.00 to $100.00 and gave the stock a “positive” rating in a research report on Monday, October 13th. UBS Group boosted their price objective on shares of Nextpower to $140.00 and gave the company a “buy” rating in a report on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of Nextpower in a research report on Monday, December 29th. Finally, Northland Securities set a $111.00 price target on shares of Nextpower in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $108.32.

Read Our Latest Report on NXT

Nextpower Stock Performance

Shares of NXT stock opened at $121.08 on Thursday. Nextpower has a 52 week low of $36.06 and a 52 week high of $131.59. The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 3.76 and a beta of 2.38. The company has a 50-day simple moving average of $93.25 and a 200 day simple moving average of $81.59.

Nextpower (NASDAQ:NXT – Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.17. Nextpower had a net margin of 16.43% and a return on equity of 32.01%. The firm had revenue of $909.35 million during the quarter, compared to the consensus estimate of $812.43 million. Sell-side analysts forecast that Nextpower will post 3.29 EPS for the current year.

Insider Activity at Nextpower

In other Nextpower news, Director William D. Watkins sold 10,000 shares of the business’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. The trade was a 37.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO David P. Bennett sold 33,725 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $88.08, for a total value of $2,970,498.00. Following the completion of the sale, the chief accounting officer directly owned 130,967 shares in the company, valued at approximately $11,535,573.36. This represents a 20.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 91,468 shares of company stock valued at $8,246,979 over the last three months. 0.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Nextpower

Several hedge funds have recently added to or reduced their stakes in NXT. Kestra Private Wealth Services LLC increased its holdings in Nextpower by 26.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 20,199 shares of the company’s stock valued at $1,760,000 after purchasing an additional 4,272 shares during the period. Abacus FCF Advisors LLC bought a new stake in shares of Nextpower in the 4th quarter valued at about $12,610,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Nextpower by 7.5% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 71,755 shares of the company’s stock worth $6,250,000 after acquiring an additional 5,000 shares during the last quarter. Rakuten Securities Inc. lifted its stake in shares of Nextpower by 324.8% in the fourth quarter. Rakuten Securities Inc. now owns 514 shares of the company’s stock worth $45,000 after acquiring an additional 393 shares during the period. Finally, HB Wealth Management LLC acquired a new stake in Nextpower during the 4th quarter valued at approximately $238,000. 67.41% of the stock is currently owned by institutional investors and hedge funds.

Nextpower News Roundup

Here are the key news stories impacting Nextpower this week:

Positive Sentiment: Q4 beat and stronger guidance — Nextpower reported upside to estimates on revenue and EPS and raised FY‑2026 guidance to ~$3.5B in revenue and $4.36 EPS while announcing a $500M buyback, a clear catalyst for higher valuation multiples and buy‑side interest. Nextpower raises FY2026 outlook to $3.5B revenue and $4.36 EPS with $500M buyback
Positive Sentiment: Strong market reaction / new highs — Coverage notes the stock surged to an all‑time intraday high after the earnings beat, signaling momentum and investor enthusiasm. Nextpower (NXT) Climbs to All-Time High on Earnings Blowout, Rating Upgrade
Positive Sentiment: Analyst upgrades and higher targets — Needham raised its price target to $138 with a Buy, and KeyBanc upgraded to Buy with a $142 target, adding institutional validation and upside to the stock’s momentum. Needham raises price target to $138 (Benzinga) KeyBanc upgrades Nextpower to Buy with $142 target
Positive Sentiment: Project win supports backlog and execution — Nextpower Arabia agreed to supply 2.25 GW of smart solar trackers to L&T for a major ACWA Power‑linked project, underpinning near‑term revenue visibility in a key market. Nextpower Arabia to Supply 2.25 GW of Smart Solar Trackers to L&T
Neutral Sentiment: Earnings materials and call transcript available — The company released its Q3/Q4 presentation and the earnings‑call transcript, useful for due diligence but already reflected in today’s move. Nextpower Inc. 2026 Q3 – Results – Earnings Call Presentation Q3 2026 Earnings Call Transcript
Negative Sentiment: Some caution from other sell‑side shops — TD Cowen raised its target to $105 but kept a Hold rating, implying downside versus the current trading level and signaling that not all analysts are fully bullish on valuation from here. TD Cowen raises target to $105, maintains Hold

Nextpower Company Profile

(Get Free Report)

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.