Nextpower (NASDAQ:NXT – Get Free Report) had its target price increased by research analysts at JPMorgan Chase & Co. from $155.00 to $174.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 12.81% from the stock’s current price.
A number of other equities research analysts have also weighed in on NXT. UBS Group restated a “buy” rating on shares of Nextpower in a research report on Friday. Jefferies Financial Group set a $159.00 price target on Nextpower in a research report on Friday. TD Cowen upped their price target on Nextpower from $105.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. Susquehanna upped their price target on Nextpower from $136.00 to $161.00 and gave the company a “positive” rating in a research report on Wednesday, May 13th. Finally, Loop Capital set a $135.00 target price on Nextpower in a research report on Wednesday, May 13th. Twenty equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $142.72.
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Nextpower Stock Performance
Nextpower (NASDAQ:NXT – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.16. The company had revenue of $880.52 million during the quarter, compared to analysts’ expectations of $826.26 million. Nextpower had a return on equity of 28.18% and a net margin of 16.46%.Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. As a group, equities research analysts predict that Nextpower will post 3.76 EPS for the current year.
Insider Buying and Selling
In other news, COO Nicholas Marco Miller sold 24,511 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $127.32, for a total value of $3,120,740.52. Following the completion of the sale, the chief operating officer directly owned 221,533 shares of the company’s stock, valued at $28,205,581.56. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bruce Ledesma sold 3,248 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $134.72, for a total value of $437,570.56. Following the completion of the sale, the insider directly owned 246,130 shares of the company’s stock, valued at approximately $33,158,633.60. This trade represents a 1.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 240,995 shares of company stock valued at $28,661,778. 0.56% of the stock is owned by company insiders.
Institutional Trading of Nextpower
Institutional investors and hedge funds have recently modified their holdings of the business. Signature Equity Partners LLC increased its position in shares of Nextpower by 76.4% during the first quarter. Signature Equity Partners LLC now owns 261 shares of the company’s stock valued at $31,000 after acquiring an additional 113 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Nextpower by 107.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock valued at $26,000 after acquiring an additional 155 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Nextpower by 268.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company’s stock valued at $28,000 after acquiring an additional 223 shares during the last quarter. Huntington National Bank increased its position in shares of Nextpower by 480.3% during the fourth quarter. Huntington National Bank now owns 383 shares of the company’s stock valued at $33,000 after acquiring an additional 317 shares during the last quarter. Finally, Baillie Gifford & Co. increased its position in shares of Nextpower by 76.5% during the fourth quarter. Baillie Gifford & Co. now owns 420 shares of the company’s stock valued at $37,000 after acquiring an additional 182 shares during the last quarter. 67.41% of the stock is owned by hedge funds and other institutional investors.
Trending Headlines about Nextpower
Here are the key news stories impacting Nextpower this week:
- Positive Sentiment: Nextpower announced a definitive agreement to acquire Prevalon Energy, expanding into battery energy storage and AI data center markets and raising its fiscal 2027 outlook. Article Title
- Positive Sentiment: Wells Fargo raised its price target on Nextpower to $151 and kept an overweight rating, signaling continued optimism despite the stock trading above that target. Article Title
- Positive Sentiment: Needham reaffirmed a buy rating on Nextpower, reinforcing the view that recent gains are supported by analyst confidence. Article Title
- Positive Sentiment: Recent bullish coverage and attention from investors suggest the stock is benefiting from momentum around its solar, storage, and AI-related growth story. Article Title
Nextpower Company Profile
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.
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