Wells Fargo & Company Increases Nextpower (NASDAQ:NXT) Price Target to $151.00

Posted by Geri Gentry on May 29th, 2026

Nextpower (NASDAQ:NXT – Get Free Report) had its price objective raised by Wells Fargo & Company from $143.00 to $151.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential downside of 3.09% from the company’s previous close.

Several other research firms have also commented on NXT. Barclays increased their price objective on shares of Nextpower from $123.00 to $142.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Roth Mkm reissued a “buy” rating and set a $155.00 target price on shares of Nextpower in a research report on Wednesday, May 13th. KeyCorp reissued an “overweight” rating on shares of Nextpower in a research report on Friday, March 13th. TD Cowen increased their target price on shares of Nextpower from $105.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. Finally, BNP Paribas Exane increased their target price on shares of Nextpower from $145.00 to $177.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Twenty investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Nextpower currently has a consensus rating of “Moderate Buy” and an average target price of $141.01.

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Nextpower Trading Up 13.6%

Shares of NXT traded up $18.65 on Friday, reaching $155.82. The company’s stock had a trading volume of 1,592,798 shares, compared to its average volume of 2,060,753. Nextpower has a twelve month low of $51.69 and a twelve month high of $163.13. The stock has a market capitalization of $23.14 billion, a PE ratio of 40.60, a PEG ratio of 3.34 and a beta of 1.60. The firm has a fifty day moving average of $121.07 and a 200-day moving average of $108.11.

Nextpower (NASDAQ:NXT – Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.89 by $0.16. The firm had revenue of $880.52 million during the quarter, compared to analyst estimates of $826.26 million. Nextpower had a net margin of 16.46% and a return on equity of 28.18%. Nextpower has set its FY 2027 guidance at 4.210-4.590 EPS. As a group, equities analysts anticipate that Nextpower will post 3.76 EPS for the current fiscal year.

Insider Buying and Selling at Nextpower

In other Nextpower news, COO Nicholas Marco Miller sold 24,511 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $127.32, for a total value of $3,120,740.52. Following the completion of the transaction, the chief operating officer directly owned 221,533 shares of the company’s stock, valued at $28,205,581.56. This trade represents a 9.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bruce Ledesma sold 3,248 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $134.72, for a total transaction of $437,570.56. Following the completion of the transaction, the insider directly owned 246,130 shares of the company’s stock, valued at approximately $33,158,633.60. The trade was a 1.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold a total of 240,995 shares of company stock valued at $28,661,778 in the last quarter. Corporate insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Nextpower

A number of large investors have recently added to or reduced their stakes in 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 buying an additional 113 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Nextpower by 107.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the company’s stock worth $26,000 after buying an additional 155 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings 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 purchasing an additional 223 shares in the last quarter. Huntington National Bank lifted its position in 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 purchasing an additional 317 shares during the period. Finally, Baillie Gifford & Co. lifted its position in 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 purchasing an additional 182 shares during the period. Hedge funds and other institutional investors own 67.41% of the company’s stock.

About Nextpower

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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.