Nextpower (NASDAQ:NXT) Now Covered by Glj Research

Glj Research started coverage on shares of Nextpower (NASDAQ:NXT) in a research note published on Tuesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $147.33 price objective on the stock.

A number of other research analysts have also recently issued reports on NXT. Wall Street Zen cut Nextpower from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 25th. Royal Bank Of Canada increased their target price on shares of Nextpower from $93.00 to $96.00 and gave the stock an “outperform” rating in a report on Thursday, November 13th. UBS Group raised their price target on shares of Nextpower from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Northland Securities set a $111.00 price target on shares of Nextpower in a report on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $119.00 price objective on shares of Nextpower in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $110.01.

Nextpower Price Performance

Shares of NXT opened at $113.73 on Tuesday. The firm has a 50 day simple moving average of $107.19 and a two-hundred day simple moving average of $92.47. Nextpower has a one year low of $36.06 and a one year high of $131.59. The company has a market cap of $16.89 billion, a P/E ratio of 29.09, a P/E/G ratio of 3.18 and a beta of 2.41.

Nextpower (NASDAQ:NXT) last issued its 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 32.01% and a net margin of 16.43%.The firm had revenue of $909.35 million for the quarter, compared to the consensus estimate of $812.43 million. On average, analysts expect that Nextpower will post 3.29 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Daniel S. Shugar sold 59,456 shares of the firm’s 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 completion of the transaction, the chief executive officer owned 746,339 shares in the company, valued at $78,492,472.63. This trade represents a 7.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO David P. Bennett sold 33,725 shares of Nextpower stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $88.08, for a total transaction of $2,970,498.00. Following the sale, the chief accounting officer owned 130,967 shares in the company, valued at approximately $11,535,573.36. This represents a 20.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 138,073 shares of company stock valued at $13,847,023. 0.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Nextpower

A number of institutional investors have recently added to or reduced their stakes in the business. Westfield Capital Management Co. LP grew its position in shares of Nextpower by 6.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,398,057 shares of the company’s stock worth $103,442,000 after buying an additional 80,493 shares during the period. Belpointe Asset Management LLC acquired a new position in shares of Nextpower during the 3rd quarter valued at $832,000. Strs Ohio lifted its position in shares of Nextpower by 219.8% during the 3rd quarter. Strs Ohio now owns 110,000 shares of the company’s stock valued at $8,139,000 after acquiring an additional 75,600 shares during the period. New York Life Investment Management LLC bought a new position in Nextpower during the third quarter worth $1,008,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Nextpower by 31.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,500 shares of the company’s stock worth $5,364,000 after acquiring an additional 17,500 shares in the last quarter. 67.41% of the stock is owned by institutional investors.

Trending Headlines about Nextpower

Here are the key news stories impacting Nextpower this week:

• Positive Sentiment: SBTi validates Nextpower’s near‑term emissions targets, strengthening the company’s ESG credentials and potentially improving access to sustainability‑focused capital and customers. Nextpower Advances Measurable Climate Leadership with SBTi‑Validated Emissions Targets
• Positive Sentiment: New sell‑side coverage: GLJ Research initiated coverage with a Buy and a $147.33 price target, signaling incremental analyst support and a meaningful upside projection versus recent levels. GLJ Research Starts Nextpower at Buy
• Positive Sentiment: Recent fundamentals: Nextpower’s Jan. quarter beat — $1.10 EPS vs. $0.93 expected and $909M revenue vs. ~$812M est. — supports the bull case for durable margin improvement and higher returns. Nextpower (NXT) profile and recent results
• Positive Sentiment: Growth initiative: Europe unit is showcasing an integrated agrivoltaics solution for Italy’s market (KEY Energy Expo), highlighting product diversification into agrivoltaics — a potential incremental revenue stream if deployed at scale. How Nextpower Is Positioning for Italy’s Agrivoltaics Buildout
• Neutral Sentiment: Analyst consensus and positioning: The stock carries a “Moderate Buy” consensus and a range of price targets; that creates mixed near‑term analyst signals even as overall coverage grows. Nextpower Given Average Recommendation of “Moderate Buy”
• Neutral Sentiment: High institutional ownership (~67%) and recent institutional activity can amplify moves in either direction — supportive for liquidity but increases sensitivity to fund flows. Nextpower ownership and institutional activity
• Negative Sentiment: Insider selling: CEO Daniel Shugar sold 59,456 shares (~$6.25M) recently, reducing his stake by ~7.4% — a potential near‑term negative signal to some investors even though insiders still hold material positions. Nextpower CEO Sells 59,456 Shares

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.