Nextpower (NASDAQ:NXT) Director William Watkins Sells 10,000 Shares of Stock

Nextpower Inc. (NASDAQ:NXT) Director William Watkins sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $91.85, for a total transaction of $918,500.00. Following the transaction, the director owned 16,777 shares in the company, valued at $1,540,967.45. This represents a 37.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Nextpower Stock Performance

Shares of NASDAQ:NXT opened at $89.64 on Thursday. Nextpower Inc. has a 52-week low of $33.29 and a 52-week high of $112.74. The company has a market capitalization of $13.30 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 3.14 and a beta of 2.31. The company has a 50-day simple moving average of $86.12 and a 200 day simple moving average of $68.96.

Nextpower (NASDAQ:NXT) last released its quarterly earnings data on Thursday, October 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.21. Nextpower had a return on equity of 35.05% and a net margin of 17.08%.The firm had revenue of $905.27 million for the quarter, compared to analyst estimates of $839.53 million. Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. As a group, equities analysts forecast that Nextpower Inc. will post 3.29 earnings per share for the current year.

Institutional Investors Weigh In On Nextpower

Large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its position in shares of Nextpower by 4.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 101,095 shares of the company’s stock valued at $4,260,000 after acquiring an additional 4,352 shares during the period. Cerity Partners LLC bought a new stake in Nextpower during the first quarter worth about $308,000. CWM LLC lifted its position in Nextpower by 456.9% during the first quarter. CWM LLC now owns 5,497 shares of the company’s stock worth $232,000 after purchasing an additional 4,510 shares during the period. IFP Advisors Inc grew its stake in Nextpower by 135.4% during the first quarter. IFP Advisors Inc now owns 7,777 shares of the company’s stock worth $328,000 after buying an additional 4,473 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Nextpower in the 1st quarter valued at about $8,335,000. Institutional investors and hedge funds own 67.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NXT shares. Wall Street Zen downgraded Nextpower from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 25th. The Goldman Sachs Group raised their target price on shares of Nextpower from $89.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Northland Securities reaffirmed a “market perform” rating on shares of Nextpower in a report on Wednesday, July 30th. TD Cowen increased their price target on shares of Nextpower from $65.00 to $88.00 and gave the company a “hold” rating in a report on Friday, October 24th. Finally, Jefferies Financial Group raised their price objective on shares of Nextpower from $84.00 to $104.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Nextpower has an average rating of “Moderate Buy” and a consensus price target of $95.76.

Nextpower Company Profile

Nextpower, formerly known as Nextracker, an energy solutions company, provides solar trackers and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.