Barclays PLC Sells 16,860 Shares of Nextpower Inc. $NXT

Barclays PLC trimmed its holdings in shares of Nextpower Inc. (NASDAQ:NXT) by 4.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 341,650 shares of the company’s stock after selling 16,860 shares during the quarter. Barclays PLC owned about 0.23% of Nextpower worth $25,279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. MAI Capital Management boosted its stake in shares of Nextpower by 309.4% during the 2nd quarter. MAI Capital Management now owns 831 shares of the company’s stock worth $45,000 after acquiring an additional 628 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Nextpower by 179.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock valued at $61,000 after acquiring an additional 724 shares in the last quarter. Fifth Third Bancorp lifted its holdings in 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 during the last quarter. Global Retirement Partners LLC boosted its position in Nextpower by 42,633.3% during the third quarter. Global Retirement Partners LLC now owns 1,282 shares of the company’s stock worth $95,000 after purchasing an additional 1,279 shares during the period. Finally, Abich Financial Wealth Management LLC bought a new stake in Nextpower during the third quarter worth approximately $100,000. Institutional investors and hedge funds own 67.41% of the company’s stock.

Nextpower News Roundup

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 Price Performance

Shares of NXT stock opened at $116.69 on Thursday. Nextpower Inc. has a one year low of $36.06 and a one year high of $131.59. The stock has a fifty day moving average price of $107.78 and a 200 day moving average price of $92.64. The stock has a market cap of $17.33 billion, a P/E ratio of 29.84, a price-to-earnings-growth ratio of 3.35 and a beta of 2.41.

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 the consensus estimate of $0.93 by $0.17. The firm had revenue of $909.35 million for the quarter, compared to analyst estimates of $812.43 million. Nextpower had a net margin of 16.43% and a return on equity of 32.01%. Equities research analysts anticipate that Nextpower Inc. will post 3.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Glj Research assumed coverage on shares of Nextpower in a research report on Tuesday. They issued a “buy” rating and a $147.33 price target on the stock. Roth Mkm reiterated a “buy” rating and issued a $130.00 target price on shares of Nextpower in a research note on Wednesday, January 28th. KeyCorp upgraded shares of Nextpower from a “sector weight” rating to an “overweight” rating and set a $142.00 target price on the stock in a report on Wednesday, January 28th. Bank of America boosted their target price on shares of Nextpower from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, TD Cowen upped their price target on shares of Nextpower from $88.00 to $105.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.01.

Insider Transactions at Nextpower

In other Nextpower news, Director William D. Watkins sold 5,000 shares of Nextpower 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 sale, the director directly owned 11,777 shares of the company’s stock, valued at approximately $1,396,398.89. The trade was a 29.80% 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 this link. Also, CEO Daniel S. Shugar sold 59,456 shares of Nextpower stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $105.17, for a total value of $6,252,987.52. Following the sale, the chief executive officer directly owned 746,339 shares in the company, valued at $78,492,472.63. The trade was a 7.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 104,348 shares of company stock worth $10,876,525. 0.56% of the stock is currently owned by insiders.

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.