Dynamic Technology Lab Private Ltd Takes Position in Nextpower Inc. $NXT

Dynamic Technology Lab Private Ltd acquired a new position in Nextpower Inc. (NASDAQ:NXT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,690 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in Nextpower by 703.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 659 shares of the company’s stock worth $28,000 after acquiring an additional 577 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of Nextpower by 122.3% in the second quarter. Cullen Frost Bankers Inc. now owns 589 shares of the company’s stock worth $32,000 after purchasing an additional 324 shares during the last quarter. Summit Securities Group LLC grew its holdings in shares of Nextpower by 796.0% in the first quarter. Summit Securities Group LLC now owns 905 shares of the company’s stock worth $38,000 after purchasing an additional 804 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Nextpower in the first quarter valued at about $40,000. Finally, Hantz Financial Services Inc. increased its holdings in Nextpower by 1,737.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 827 shares of the company’s stock valued at $45,000 after purchasing an additional 782 shares during the period. 67.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NXT has been the subject of several research analyst reports. Northland Capmk cut shares of Nextpower from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Northland Securities reissued a “market perform” rating on shares of Nextpower in a report on Wednesday, July 30th. Bank of America increased their price target on shares of Nextpower from $94.00 to $102.00 and gave the company a “buy” rating in a report on Friday, November 14th. UBS Group boosted their target price on Nextpower to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Zacks Research raised Nextpower to a “hold” rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $95.76.

Nextpower Stock Performance

Shares of NXT stock opened at $90.67 on Thursday. The stock has a fifty day simple moving average of $88.18 and a two-hundred day simple moving average of $70.51. The firm has a market capitalization of $13.45 billion, a PE ratio of 23.55, a PEG ratio of 3.12 and a beta of 2.31. Nextpower Inc. has a 52-week low of $33.29 and a 52-week high of $112.74.

Nextpower (NASDAQ:NXT) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $1.19 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 business had revenue of $905.27 million for the quarter, compared to the consensus estimate of $839.53 million. Nextpower has set its FY 2026 guidance at 4.040-4.250 EPS. On average, sell-side analysts forecast that Nextpower Inc. will post 3.29 EPS for the current fiscal year.

Insider Activity at Nextpower

In other news, CEO Daniel S. Shugar sold 47,743 shares of Nextpower stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $91.28, for a total transaction of $4,357,981.04. Following the sale, the chief executive officer owned 624,882 shares in the company, valued at $57,039,228.96. This trade represents a 7.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William D. Watkins sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $91.85, for a total transaction of $918,500.00. Following the completion of the transaction, the director directly owned 16,777 shares in the company, valued at $1,540,967.45. This trade represents a 37.35% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 67,460 shares of company stock valued at $5,970,201. Corporate insiders own 0.56% of the company’s stock.

About Nextpower

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.