TD Cowen Issues Positive Forecast for Nextpower (NASDAQ:NXT) Stock Price

Nextpower (NASDAQ:NXT) had its target price lifted by TD Cowen from $88.00 to $105.00 in a report released on Wednesday, Marketbeat reports. TD Cowen currently has a hold rating on the stock.

NXT has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price target on Nextpower from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Wells Fargo & Company upped their price objective on shares of Nextpower from $72.00 to $109.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Royal Bank Of Canada increased their target price on shares of Nextpower from $93.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, November 13th. KeyCorp raised shares of Nextpower from a “sector weight” rating to an “overweight” rating and set a $142.00 target price on the stock in a research note on Wednesday. Finally, Robert W. Baird set a $100.00 price target on shares of Nextpower in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.45.

Nextpower Trading Up 13.3%

NASDAQ NXT opened at $119.97 on Wednesday. The company has a 50-day moving average price of $92.54 and a two-hundred day moving average price of $81.32. Nextpower has a 52 week low of $36.06 and a 52 week high of $131.59. The stock has a market cap of $17.80 billion, a price-to-earnings ratio of 31.16, a price-to-earnings-growth ratio of 3.32 and a beta of 2.38.

Nextpower (NASDAQ:NXT) last released its quarterly earnings results on Tuesday, January 27th. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.17. Nextpower had a return on equity of 33.53% and a net margin of 16.43%.The company had revenue of $909.35 million for the quarter, compared to analysts’ expectations of $812.43 million. As a group, equities research analysts expect that Nextpower will post 3.29 earnings per share for the current fiscal year.

Insider Activity at Nextpower

In related news, CAO David P. Bennett sold 33,725 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $88.08, for a total transaction of $2,970,498.00. Following the completion of the sale, the chief accounting officer directly owned 130,967 shares of the company’s stock, valued at $11,535,573.36. This represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel S. Shugar sold 47,743 shares of Nextpower stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 624,882 shares in the company, valued at approximately $57,039,228.96. This trade represents a 7.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 91,468 shares of company stock valued at $8,246,979 over the last ninety days. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Nextpower

A number of institutional investors and hedge funds have recently modified their holdings of NXT. Whittier Trust Co. of Nevada Inc. boosted its position in shares of 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 purchasing an additional 223 shares during the period. Cullen Frost Bankers Inc. lifted its stake in Nextpower by 122.3% during the second quarter. Cullen Frost Bankers Inc. now owns 589 shares of the company’s stock valued at $32,000 after buying an additional 324 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Nextpower in the third quarter worth about $36,000. Baillie Gifford & Co. increased its position in shares of Nextpower by 76.5% in the fourth quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock worth $37,000 after acquiring an additional 182 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised 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 valued at $37,000 after acquiring an additional 414 shares during the period. 67.41% of the stock is owned by institutional investors and hedge funds.

Nextpower News Summary

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

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.