Banque Cantonale Vaudoise Raises Position in Nextpower Inc. $NXT

Banque Cantonale Vaudoise boosted its holdings in shares of Nextpower Inc. (NASDAQ:NXT) by 17.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,450 shares of the company’s stock after buying an additional 4,595 shares during the period. Banque Cantonale Vaudoise’s holdings in Nextpower were worth $2,253,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vestcor Inc purchased a new stake in shares of Nextpower in the 3rd quarter valued at about $280,000. Swiss National Bank grew its holdings in shares of Nextpower by 4.3% during the third quarter. Swiss National Bank now owns 286,520 shares of the company’s stock worth $21,200,000 after purchasing an additional 11,900 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Nextpower by 20.7% during the third quarter. Russell Investments Group Ltd. now owns 191,631 shares of the company’s stock worth $14,179,000 after purchasing an additional 32,910 shares in the last quarter. PFG Advisors increased its position in shares of Nextpower by 18.7% in the third quarter. PFG Advisors now owns 8,483 shares of the company’s stock worth $628,000 after purchasing an additional 1,338 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in Nextpower in the third quarter valued at approximately $152,000. 67.41% of the stock is currently owned by institutional investors.

Insider Activity at Nextpower

In related news, Director William D. Watkins sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $118.57, for a total transaction of $592,850.00. Following the completion of the transaction, the director owned 11,777 shares in the company, valued at $1,396,398.89. This represents a 29.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Daniel S. Shugar sold 59,456 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $105.17, for a total value of $6,252,987.52. Following the completion of the sale, the chief executive officer directly owned 746,339 shares of the company’s stock, valued at $78,492,472.63. The trade was a 7.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 104,348 shares of company stock worth $10,876,525 over the last three months. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on NXT shares. UBS Group lifted their target price on shares of Nextpower from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Roth Mkm restated a “buy” rating and set a $130.00 price objective on shares of Nextpower in a research report on Wednesday, January 28th. Robert W. Baird set a $126.00 target price on shares of Nextpower in a research report on Wednesday, January 28th. Bank of America increased their target price on Nextpower from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Nextpower in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Nextpower currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.01.

Nextpower News Summary

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: GLJ Research initiated coverage on Nextpower with a Buy rating and a $147.33 price target (~26% upside vs. recent levels), citing execution capability and vertical consolidation potential — a clear analyst catalyst for investor demand. GLJ Research Initiates Coverage
• Positive Sentiment: Nextpower announced SBTi validation of its near‑term Scope 1/2 emissions targets, strengthening its ESG profile — this can broaden investor interest (ESG funds) and reduce long‑term regulatory/transition risk. SBTi Validation Announcement
• Positive Sentiment: Commercial/market expansion signal — Nextpower’s Europe unit showcased an integrated agrivoltaics solution for the Italian market at KEY Expo, highlighting a route to capture specialty solar demand and diversify revenue streams. Agrivoltaics Positioning Article
• Neutral Sentiment: Analyst consensus remains constructive (average “Moderate Buy” and multiple buy ratings); MarketBeat/other coverage shows mixed price targets around the mid‑$100s, which supports interest but implies varying upside assumptions. Analyst Consensus Report
• Negative Sentiment: Insider selling — CEO Daniel Shugar sold 59,456 shares (~$6.25M) earlier this week, reducing his stake by ~7.4%. Large insider sales can prompt short‑term selling pressure or investor scrutiny even if disclosed as routine liquidity. CEO Insider Sale Filing

Nextpower Trading Up 2.6%

Shares of NASDAQ:NXT opened at $116.69 on Thursday. The company has a 50-day moving average price of $107.78 and a 200-day moving average price of $92.64. The company has a market cap of $17.33 billion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 3.35 and a beta of 2.41. Nextpower Inc. has a 12 month low of $36.06 and a 12 month high of $131.59.

Nextpower (NASDAQ:NXT) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.17. The company 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 32.01% and a net margin of 16.43%. As a group, research analysts forecast that Nextpower Inc. will post 3.29 EPS 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.